Belgium was able to issue bonds on Monday at very low interest rates of under three percent. But that is not just due to the country's austerity policy, writes the daily Le Soir: "You remember: Belgium once had to pay interest rates of more than six percent on ten-year bonds. That was in November. But if the pressure has rapidly decreased, it's not just because we swore to high heaven that we would reduce our deficit. It was also because [ex prime minister] Yves Leterme launched his famous call to purchase government bonds. In just a matter of days the state gathered over 5 billion. The country then flexed its muscles and showed the markets that it would not let itself be intimidated. ... Yes, we have a public debt of almost 100 percent of the GDP, but with their 225 billion in savings the Belgian households will have no difficulty providing for the needs of the state. But virtue is not enough to save the Eurozone, today. What is needed is wealth. That's why growth must be put back on the European agenda on the double." (29/05/2012)

» Artykuł (Link zewnętrzny, francuski)
Więcej z przeglądu prasy na temat » Rynki finansowe, » Polityka, » Belgia, » Europa
Wszystkie dostępne teksty » Pierre-Henri Thomas
Aktualne debaty » Sposoby na wyjście z kryzysu zadłużenia

In the run-up to the Irish referendum on the EU fiscal compact on Thursday, the liberal business paper Financial Times paints a dark picture of the future of a European fiscal union: "It is being marketed as a fiscal union, but it is a fiscal straitjacket. It punishes weak countries when they most need help. A real fiscal union should work as the US does. ... With this treaty, the EU envisages the opposite: cutting spending in the periphery when we most need help. In so doing, it creates lower growth, higher unemployment, more political instability and more capital flows from the periphery to the core. This is all aimed at making the Eurozone more credible. In practice it doesn't. When the risk is deflation, creating yet more deflation makes the euro look like it has a death wish." (29/05/2012)

» Artykuł (Link zewnętrzny, angielski)
Więcej z przeglądu prasy na temat » Rynki finansowe, » Irlandia
Wszystkie dostępne teksty » David McWilliams
Aktualne debaty » Sposoby na wyjście z kryzysu zadłużenia

The Spanish Prime Minister Mariano Rajoy tried to dispel doubts about the stability of the Spanish banking sector in a speech on Monday. But there are growing indications that the beleaguered country will need the help of its European allies and the ECB, writes business paper Cinco Días: "In government circles concern is spreading that the government's own measures come too late. If these fears penetrate to companies and the citizens they will represent an enormous obstacle to the trust that Spain so urgently needs. To restore that trust Mariano Rajoy is right to demand clear support for the euro and the Spanish economy from Europe. And the European Union is obliged to send a clear message to this effect, to show that Spain can rely on the firm backing of its allies and the joint central bank, the ECB, to overcome the debt crisis and complete the restructuring of its financial sector." (29/05/2012)

» Artykuł (Link zewnętrzny, hiszpański)
Więcej z przeglądu prasy na temat » Polityka finansowa, » Banki, » Hiszpania
Aktualne debaty » Sposoby na wyjście z kryzysu zadłużenia

Germany secured fresh capital for the next two years on Wednesday without having to pay any interest for it. That the heavyweights in the EU can continue to borrow on such conditions shows how sick Europe is, writes the daily Diário de Notícias: "The situation is also scandalous because Germany's terrorist economic policy is the main reason for the panic on the markets. The effective interest rate achieved is not thanks to Germany's economy but the result of an unbending policy that Berlin is foisting on the Eurozone with its austerity dictates. A situation in which crime pays off for Germany, at least as long as the Eurozone doesn't implode. Our prime minister spoke out against euro bonds, thereby taking sides with Germany - and against the opinions of other crisis-stricken countries. This submissiveness is immoral and goes against our national interests. He was elected to serve our interests, not to behave as if Portugal was the westernmost province of Prussia." (25/05/2012)

» Artykuł (Link zewnętrzny, portugalski)
Więcej z przeglądu prasy na temat » Polityka finansowa, » Polityka gospodarcza, » Sąsiedztwo UE, » Niemcy, » Portugalia
Wszystkie dostępne teksty » Viriato Soromenho-Marques
Aktualne debaty » Sposoby na wyjście z kryzysu zadłużenia

Managers of Belgian state companies should not earn more than 200,000 euros per year, according to the plan which Paul Magnette, Minister for State Enterprises, will present today. But measured against the 2.6 million euro salary of Didier Bellens, head of the telecommunications firm Belgacom, that is going too far, writes the left-liberal daily De Morgen: "No one doubts that the salaries of top managers - in the economy, the financial sector, sports and showbiz - have risen to insane levels in recent years. Bankers earn astronomical sums, above all in relation to what they do for the economy. And they aren't the only ones. ... The state has the chance to act as a trailblazer in this mad race and bring about an adjustment. Because it makes sense that the immeasurable gab between the salary of Didier Bellens and that of most of his employees must be reduced. But Prime Minister Di Rupo and his team must find a balance between 'competitive' and laughable salaries for top managers." (25/05/2012)

» Artykuł (Link zewnętrzny, niderlandzki)
Więcej z przeglądu prasy na temat » Przedsiębiorczość, » Praca, » Holandia
Wszystkie dostępne teksty » Wouter Verschelden

The Ifo business climate index for Germany, Europe's largest economy, plunged by a surprising three percentage points for the first time in months on Thursday. Europe and the world are facing hard times, the conservative daily Rzeczpospolita fears: "The crisis is taking down even the strongest. And for two months now the economic data from the US shows that its labour market and industry are weakening, despite all the unconventional measures that its central bank has adopted to boost growth. The Fed pumped billions of dollars into the market, but it wasn't enough. Now the European politicians are having similar ideas and talking more and more about a 'pact for growth'. But no one knows what this magic formula really means. Everyone assumes that the ECB will just switch on the money printer. … However this hasn't helped the economies in the past. And keeping Greece in the Eurozone against the people's will was costly and naïve. But the biggest problem is that no one knows a good solution for dealing with the crisis." (25/05/2012)

» Artykuł (Link zewnętrzny, polski)
Więcej z przeglądu prasy na temat » gospodarka, » Niemcy, » Europa
Wszystkie dostępne teksty » Jacek Ramotowski
Aktualne debaty » Sposoby na wyjście z kryzysu zadłużenia

Greece has seen capital flight soar since the May 6 election. Within a few days around 700 million euros were reportedly withdrawn from banks. News portal Protagon fears that the money will never return: "The largest sums are sent to Switzerland or exotic places where offshore companies are based. Naturally, investing in real estate in the UK is still a secure refuge, as are deposits in the pound sterling, which rose considerably last week. ... If the money withdrawn from Greek accounts hasn't been sent abroad it's stuck under mattresses or behind walls. Every day we wake up to an unprecedented economic situation that is more reminiscent of war than peace." (24/05/2012)

» Artykuł (Link zewnętrzny, grecki)
Więcej z przeglądu prasy na temat » Polityka UE, » Polityka wewnętrzna, » Polityka finansowa, » Grecja
Wszystkie dostępne teksty » Kostas Giannakidis
Aktualne debaty » Sposoby na wyjście z kryzysu zadłużenia

The Finnish government is considering introducing a mining tax the revenues from which would be used for repairing environmental damage caused by mining, among other things. The business paper Kauppalehti fears the tax would overburden the mining sector: "Every industry must be taxed on the same basis. The development of mining must not be slowed or stopped by the threat of a mining tax. Profitable mines generate abundant direct and indirect tax revenues. Taxation must preserve competitiveness and be carried out in harmony with EU guidelines. ... The mining industry has set itself the goal of expanding the processing sector and exporting reprocessed as well as finished products. As an exporter of raw materials Finland cannot afford to fall behind in any area. The effects of a mining tax and the EU Sulphur Directive could bring a quick end to mining and the export of processed products." (24/05/2012)

» Dalsze informacje (Link zewnętrzny, fiński)
Więcej z przeglądu prasy na temat » Przedsiębiorczość, » Podatki, » gospodarka, » Finlandia

Online network Facebook's hitherto disappointing IPO has repercussions not just for the company itself but also for the US investment bank Morgan Stanley and the Nasdaq stock exchange since they were clearly also responsible for the fiasco, writes the liberal-conservative daily Neue Zürcher Zeitung: "Apparently Morgan Stanley's stock analysts lowered the turnover prognoses for Facebook after the company announced revenues from mobile advertising that were behind expectations shortly before its stock exchange debut. The second loser is Nasdaq. Traders, brokers and investors are raging about the stock exchange's dismal performance on Friday: the shares started trading half an hour later than scheduled; apparently the computer system was unable to set an initial price for some time because high frequency traders had filled up the milliseconds this requires with their own trading orders." (23/05/2012)

» Artykuł (Link zewnętrzny, niemiecki)
Więcej z przeglądu prasy na temat » Handel, » Rynki finansowe, » gospodarka, » USA, » Cały świat
Wszystkie dostępne teksty » Christiane Hanna Henkel

The first ever private spaceship set off for the International Space Station ISS from Cape Canaveral on Tuesday. But the success of this trip is down to US space authority Nasa, the conservative daily Lidové noviny points out: "After half a century in which space travel has been the exclusive preserve of governments in the West and East, private capital is now entering the sector. The reputable New York Times talks of a 'triumph of capitalism'. … But one can only really talk of a giant step when private companies are able to run entire space travel programmes as successfully as governments, and if possible more cheaply. At this point we shouldn't get too carried away with the 'triumph of capitalism'. The development and launch of the Falcon rocket and the Dragon module were only possible because they were financed by state-owned Nasa. The question now is whether the triumph of private capital in space can be achieved without government aid." (23/05/2012)

» Dalsze informacje (Link zewnętrzny, czeski)
Więcej z przeglądu prasy na temat » Religia, » Przedsiębiorczość, » USA
Wszystkie dostępne teksty » Zbyněk Petráček