Paul Taylor

Europe’s austerity-to-growth shift largely semantic

By Paul Taylor
May 28, 2013

To listen to some European leaders, especially in France, you would think the era of austerity was over and the euro zone was going full steam ahead to revive economic growth. In a striking change of tone, European Commission President Jose Manuel Barroso said last month that austerity – the policy of cutting public debt by reducing spending and raising taxes – had reached the limits of public acceptance.

Egypt under IMF spotlight as loan talks resume

By Paul Taylor
April 3, 2013

CAIRO, April 3 (Reuters) – An International Monetary Fund
(IMF) team resumed long delayed negotiations with Egypt on
Wednesday on a $4.8 billion loan to ease a deepening economic
crisis in the most populous Arab country.

Analysis: Germany sees itself as Europe’s grown-up, children sullen

By Paul Taylor
April 1, 2013

BERLIN (Reuters) – Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together.

Q&A-What next after Cyprus bailout?

By Paul Taylor
March 26, 2013

BRUSSELS, March 26 (Reuters) – In bailing out Cyprus and
taking funds from savers instead of taxpayers, the euro zone has
crossed a Rubicon with implications for future banking rescues
in other countries despite assertions that the crisis in the
island nation is unique.

Analysis: “Lex Cyprus” will set precedents for closer EU union

By Paul Taylor
March 23, 2013

BRUSSELS (Reuters) – Lawyers have a saying that hard cases make bad law.

Whatever happens this weekend on a bailout for Cyprus will set precedents for the euro zone’s future banking union, investor confidence in the single currency area and political relations among European states.

“Lex Cyprus” will set precedents for closer EU union

By Paul Taylor
March 23, 2013

BRUSSELS, March 23 (Reuters) – Lawyers have a saying that
hard cases make bad law.

Europe’s social shock-absorbers show crisis strain

By Paul Taylor
March 18, 2013

PARIS (Reuters) – Grigoris Lemonis, a 73-year-old Athens pensioner, uses his 580 euro monthly state pension to support his wife and the family of his son, an unemployed cook with two small children and a wife who works occasionally as a cleaner.

Analysis: Europe’s social shock-absorbers show crisis strain

By Paul Taylor
March 18, 2013

PARIS (Reuters) – Grigoris Lemonis, a 73-year-old Athens pensioner, uses his 580 euro ($760) monthly state pension to support his wife and the family of his son, an unemployed cook with two small children and a wife who works occasionally as a cleaner.

Analysis: Italy’s Grillo blazes trail for Europe’s populists

By Paul Taylor
March 8, 2013

PARIS (Reuters) – Italian comic-turned-activist Beppe Grillo has blazed a trail for populist political movements around Europe by taking his Five Star Movement (M5S) from obscurity to become Italy’s largest party in its first general election campaign.

EU needs ‘who lost Italy’ debate on austerity

By Paul Taylor
March 4, 2013

BRUSSELS (Reuters) – European policymakers should be asking themselves “who lost Italy” after a grassroots revolt against austerity, unemployment and the political elite caused an electoral earthquake in the euro zone’s number three economy.