Politics - Daily News Briefing
Papademos says eurosystem should supervise large banks
ECB vice president says co-ordination among existing supervisors is not sufficient to deal with the challenge of cross-border banking; German coalition parties are preparing for a €40bn stimulus package; the Czech prime minister plans a timetable for euro area accession; Martin Feldstein, meanwhile, repeated his prediction that the euro is ultimately doomed.
Politics
Who is Henri Guaino?
President Sarkozy's European advisor is either stupid or he wants to destroy the euro area - or both.
Watch out! The Euro Area is getting more assertive
By: Wolfgang Münchau
The trip to China by Trichet, Almunia and Juncker will not make much difference in terms of China's exchange rate policy. But it is a start of a more assertive representation of the euro area's best interests. And that is good news.
Eurozone breakup would trigger the mother of all financial crises
By: Barry Eichengreen
Households and firms would shift deposits to other euro-area banks producing a system-wide bank run. Investors would create a bond-market crisis. Here is what the train wreck would look like.
Some thougths about the future of the euro
By: Susanne Mundschenk and Wolfgang Münchau
Forget Italy, or Spain. The real danger to the long-term sustainability of the euro are the continued ideological differences between France and Germany, which have widened since the start of the EMU in 1999.






