While other countries are showing signs of difficulty, it’s Spain’s deterioration which could bring the euro crisis to its most dangerous point, writes Tom McDonnell, who asks where Europe goes from here?
The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.
Tamer Fakahany, a deputy managing editor with Associated Press, recalls the displacement of Cypriots he witnessed as a boy – and why its present travails have inspired him to return with his young son.
Senior Bank of Cyprus official Mario Skandalis confirmed the figures, although he said they had not been finalised and a final announcement was expected by Monday.
The Cypriot case demonstrates that the European authorities are now prepared to cross the rubicon into the appropriation of deposits. It seems clear that this crisis has seen the Eurozone enter a new and dangerous phase, writes John O’Brennan.
The people of Cyprus are no strangers to losing their belongings, as history has shown, writes Yiota Demetriou – who questions why her country is getting the short end of the stick.
Jeroen Dijsselbloem had earlier said the Cyprus template – where depositors and bondholders are hit before governments – is the new model for how troubled banks will be handled. He has since clarified the remarks.
Speaking in Brussels ahead of crunch talks on a proposed bailout for Cyprus, Finance Minister Noonan said he expected to reach a deal but that it will be a long night.
Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.
Breaking via The Mire wire: RTE stars confused by Pope’s message of humility, and Office of Public Works ‘may never know’ the source of the Cork floods.
MPs voted in favour of a national solidarity fund meaning the nationalisation of public and private sector pensions and of capital controls to prevent a run on banks.
ONE OF AMERICA’S biggest child beauty pageant organisers is set to spend €20,000 staging their first-ever Irish contest in September.
The Herald reports today that beauty bosses said it will be open to “babies, toddlers and teens” and will also include a heat with kids in swimwear.
Some parents believe that contests celebrates their children’s beauty, helps them learn about camaraderie and boosts their self-confidence. While others think that beauty pageants send out the wrong kind of message to children and that the costumes and make-up involved sexualises kids.
So, today we would like to know: Would you enter your child in a beauty pageant?
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