Paul Taylor

Analysis: EU needs “who lost Italy” debate on austerity

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.

EU’s Barnier: banker bonus curb good for Britain

February 28, 2013

BRUSSELS (Reuters) – Britain should welcome a cap on bankers’ bonuses agreed by European Union lawmakers on Thursday as a fair response to taxpayers’ anger over the huge cost of rescuing imprudent banks, Europe’s top financial regulator said.

Barroso says confident UK will stay in EU

February 26, 2013

BRUSSELS (Reuters) – European Commission President Jose Manuel Barroso said on Tuesday he was convinced Britain would vote to stay in the European Union if a promised referendum takes place, despite opinion polls showing a plurality in favor of leaving.

Analysis: Egypt in political clinch as economic cliff looms

February 19, 2013

CAIRO (Reuters) – Two years after a pro-democracy uprising, Egypt resembles a rickety bus rolling towards a cliff, its passengers too busy feuding over blame to wrench the steering wheel to safety.

Egypt flooded tunnels to cut Gaza arms flow: aide

February 18, 2013

CAIRO (Reuters) – Egypt will not tolerate a two-way flow of smuggled arms with the Gaza Strip that is destabilizing its Sinai peninsula, a senior aide to its Islamist president said, explaining why Egyptian forces flooded sub-border tunnels last week.

Egypt currency has further to fall: business leader

February 17, 2013

CAIRO (Reuters) – Egypt has begun devaluing its currency to help revive the economy and meet the conditions of an expected IMF loan and the depreciation has further to go, a business leader in the ruling Muslim Brotherhood said on Sunday.

Diesel shortage pushes Egyptians to the brink

February 13, 2013

CAIRO, Feb 13 (Reuters) – Fathy Ali is beyond anger as he
queues for hours in a line of 64 trucks and buses to fill his
tank with scarce subsidised diesel fuel, known in Egypt as

U.S. concerned at “climate of impunity” in Egypt

February 12, 2013

CAIRO (Reuters) – The United States expressed concern on Tuesday about growing political polarization in its major ally Egypt and a “climate of impunity” over abuses by police and security forces in the most populous Arab nation.

U.S. says Egypt needs to move fast to fix economy

February 11, 2013

CAIRO (Reuters) – The United States has urged Egypt to move fast to agree a loan deal with the IMF, reform its energy sector and guarantee investors against “arbitrary acts” to avert a deeper slide in its economy.

Islamic summit opens with calls for Syria dialogue

February 6, 2013

CAIRO (Reuters) – Leaders of Islamic nations called for a negotiated end to Syria’s civil war at a summit in Cairo that began on Wednesday, thrusting Egypt’s new Islamist president to center stage amid political and economic turbulence at home.