We use cookies to help improve and maintain our site. More information.

April 23, 2013


Barroso says austerity has run its course

A large number of European media are leading with comments by Jose Manuel Barroso according to which he signalled a change in the EU’s demand for austerity policies. "While I think this policy is fundamentally right, I think it has reached its limits." he is quoted as saying, adding that for a policy to work, it would require a minimum of political and social support. In its coverage of the story, the FT linked the policy reversal to the outcome of the Italian elections, the recession and the re-assessment of Reinhart-Rogoff. 

Eurointelligence Professional Edition

For premium access, please log in or register 
for a free 3 day trial access to the Eurointelligence Professional edition. The best independent intelligence on the eurozone in a fast and easy to read format.

A message from Wolfgang Münchau

Welcome to the eurointelligence.com homepage.

Since 2006 we have been providing our readers from central banks, European and international institutions and the financial sector with our daily morning newsbriefing, each morning, at 9am CET, Mondays to Fridays. We are independent from governments and institutions, so you get our honest, sharp and frequently humorous take on the news and the debate. The subjects we are currently focusing on are all the issues relevant to the eurozone - the discussion about Greece naturally, on quantitative easing and its various effects, the incipient eurozone recovery, relations between the eurozone and the world, as well as important developments in member states, with a repercussion on the rest of the eurozone.
Many people were surprised by the re-emergence of the eurozone crisis. Eurointelligence readers would not have been. We have given our readers an honest assessment of what and what has not been resolved, at a level of a detail that has no match in the published media. Eurointelligence is the place to go to keep ahead of events in the eurozone.
I would like to invite you to register for a free 3-day trial, without commitment, so you can judge for yourself.

Wolfgang Münchau
Director Eurointelligence

AXA - Our Partner