By Skip Worden | In trying to have it both ways—an economic regime and a political union—Hollande was being political at the expense of his own proposal.
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Robert Skidelsky: “Can we afford the economy to deteriorate even further?”
WASHINGTON | By Pablo Pardo | Robert Skidelsky: “There are technical economists in finance that had told us again and again that 2008-like ‘accidents’ were simply impossible. What connections do they have to the investment industry?”
Spain’s economic growth will come, but when?
MADRID |Â By Carlos DÃaz Guell |Â The future of Spain’s economic growth is uncertain, especially since the crisis has proved that many industries only worked when fueled by subsidies. Exports seem to be the country’s only hope and politicians are too busy fighting to make productivity, R&D investment or education a priority.
Thursday’s chart: progress in Ibex 35 company deleverage
Analysts believe Ibex 30 companies will press further ahead to increase deleverage, no matter how much risk premiums deflate.
If not the single contract, what then?
VALENCIA | By Cruz Sierra, editor at valenciaplaza.com | One thing is sure: the solution is not to be found in the current complex, over-bureaucratic contract system, or among those privileged classes who enjoy prerogatives that the public system cannot afford.
China’s emerging cities
BEIJING | By Iris Mir | China turns into a urban nation. A transformation that entails a dramatic achievement and a challenge without precedents in the world. As cities become better places to live they become more expensive too, to the extent that people can’t afford the luxury of inhabiting these mega-cities. Without a fairer model, which fosters job creation and an equal access to resources, urbanization risks  undermining the country’s transition towards domestic consumption.
France culture tax reignites debate: too much levying already?
NEW YORK | As the country plunges into recession, the government proposal on a France culture tax as high as 1% on the sale of smartphones, tablets and other Internet devices is seen with skepticism the United States. Paris claims it would support to create digital cultural content inside France and counterbalance foreign content invasion. Protectionism or a smart move in times of crisis?
Eurocrisis back in financial intermediaries’ agenda of economic concerns
LONDON | By Victor Jimenez |Â Considering the recent turmoil in the Eurozone, it is unsurprising that intermediaries are concerned about overall global economic health.
China economic prospects: Heeding the Roar of Bears
BEIJING | By Caixin Magazine | Global opinion on China economic prospects appears to have soured of late. Credit ratings agency Fitch downgraded the country’s long-term local-currency rating from AA– to A+ last month, followed by Moody’s lowering the country’s credit outlook from “positive” to “stable.” Are market bears right? For many, this means Beijing must put reform back on its agenda.
European Union diversity less than meets the eye
PARIS | By Michel de Pracontal, via Presseurop.eu | Markets analysts often augur the failure of the EU project because of national and cultural diversity. But American researchers recently completed a study of genes from the European continent. Their conclusion: all of today’s Europeans are descended from the same ancestors.
