Thursday 13 September 2012

The day after the Big Day

Contrary to many expectations the europhile parties did rather better than anticipated in the Netherlands general election.  The main loser was the far-right.

http://www.spiegel.de/international/europe/voters-choose-pro-european-parties-in-dutch-election-a-855529.html

Spiegel Online takes a rather optimistic view of the decision of the German Federal Constitutional Court.  The caveats in the judgment may come to haunt the ESM and the ECB.

http://www.spiegel.de/international/europe/new-weapons-for-european-leaders-a-855480.html

For a contrary view see:

http://www.telegraph.co.uk/finance/financialcrisis/9539695/German-court-backs-ESM-rescue-fund-in-double-edged-ruling.html

Spiegel changing tack:

http://www.spiegel.de/international/germany/german-press-review-on-constitutional-court-ruling-approving-esm-a-855640.html

Drat!  Greece has resurfaced as a party pooper at the back-slapping celebrations following the German court decision and Barroso's state of the union message.

http://www.telegraph.co.uk/finance/financialcrisis/9541490/Debt-crisis-Greece-will-need-a-third-bail-out.html  and http://online.wsj.com/article/SB10000872396390444023704577649332335893766.html



Finally, three British interest items:

http://www.telegraph.co.uk/finance/financialcrisis/9539723/UK-on-collision-course-with-Germany-over-eurozone-banking-regulator.html

http://www.telegraph.co.uk/finance/financialcrisis/9540479/Britons-are-increasingly-sceptical-of-EU-benefits.html

http://blogs.telegraph.co.uk/news/iainmartin1/100180847/barrosos-call-for-eu-federation-points-to-a-british-referendum-and-trouble-for-cameron/










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