Wednesday 24 September 2008

Newspapers : 24th September

EU orders international phone cuts. Bruno Waterfield, The Telegraph (en)
They smiled and clapped, yet they're doomed if Brown stays. Simon Heffer, The Telegraph (en)
Micex chief calls for analysis of Moscow’s role . Jeremy Grant, The FT (en)

Eurozone falls into recession. Ralph Atkins, The FT (en)
" ... Industry was “reeling” from weak demand, Mr Williamson added, with the growth slowdown in emerging market economies and China “really hurting European manufacturers”.
The latest data, which offered scant sign of an improvement in coming months, were a blow for the ECB. Prior to the crisis on Wall Street the central bank had argued that a weak third quarter would be followed by a gradual recovery in growth. Yesterday’s surveys showed new orders – an indication of likely future trends in production – fell this month at the fastest rate in five years."

Sarkozy presses for capitalism summit. Harvey Morris, The FT (en)
" ... Mr Sarkozy, however, was among those who pressed for a world response, insisting on the reform of international institutions to meet the challenge. “The 21st century world cannot be governed with the institutions of the 20th century,” he said, reflecting support by France and other governments for reform of the so-called Bretton Woods financial institutions established in the framework of the UN after the second world war ...
... Brazil’s President Luiz Inácio Lula da Silva .... “The global nature of this crisis means that the solutions we adopt must also be global, and decided upon within legitimate, trusted multilateral forums, with no impositions,” ... "

Will Strasbourg repairs end the 'travelling circus'? Vanessa Mock , The Independent (en)
" There have been fresh calls to scrap the European Parliament's 'travelling circus' after it was revealed that repairs running into millions of euros are needed to secure the parliament building in Strasbourg ... "By staying in Brussels these last two sessions, everyone has realised how much easier life is. No hours wasted with travel from all over Europe to a city that is not well connected, no tons of boxes and files to send back and forth, no temporary staff hired in. Everyone can see this is far more efficient." ... "

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