Interest rates on three-year Italian debt securities rose from 2.76% in mid-March to 3.89%. The Italian government was also only able to raise €2.88 billion out of an anticipated €3 billion.
Government bonds under pressure – Corriere della Sera
Jörg Asmussen, a senior member of the European Central Bank yesterday laid much of the blame for Ireland’s economic difficulties on domestic factors and played down the prospects of an easing of the state’s debt burden.
Senior ECB official plays down prospect of debt cut for Ireland – The Irish Times
In a sign that Brussels is hardening its stance on banker pay, European Union parliamentarians are drawing up new caps on bonuses to be included in the bloc’s latest bank capital rules.
EU seeks new curbs to cap bank bonuses – Financial Times
Argentinian President Cristina Kirchner plans to nationalize 50.01% of oil company YPF, an oil company, of which the Spanish company Repsol owns a 57% share. Buenos Aires has criticized foreign companies for not extracting enough Argentinian oil.
Crisis between Spain and Argentina because of Repsol – Expansión
A few weeks after the controversy surrounding the ACTA treaty, project INDECT is now raising concerns. This is a network of surveillance cameras equipped with an algorithm-based system to detect dangerous or aggressive behaviour. Funded by the EU, and involving several countries, its critics argues that it will lead to a society of "total surveillance".
Big Brother in Polish – Polska The Times
Finnish President Sauli Niinistö wishes to promote the Nordic model as a brand whose reputation would help Finnish, Swedish, Danish and Norwegian exports.
President of the Nordic model – Svenska Dagbladet
The socialist frontrunner in the upcoming French presidential election has declared once again his intention to renegotiate the European fiscal pact in favor of a growth policy. He also believes that France's EU partners "will be attentive to the outcome of the presidential election."
François Hollande: “In Europe, nothing can be done without France” – Les Echos
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