Friday, 5 September 2008

Newspapers : 5th September

French fury at photos of Taliban fighters. Lucy Cockcroft, The Telegraph (en)
Rubble banishes MEPs from Strasbourg. The Times (en)
Banks reel as ECB redraws funding rules. Ralph Atkins, Anousha Sakoui and Paul J Davies, The FT (en)
Moscow forced to shore up rouble. Charles Clover and Peter Garnham, The Ft (en)
Reliance on Russian gas will persist. Ed Crooks, The Ft (en)
EU cross-border payments nearer. Nikki Tait, The Ft (en)
Warsaw confident over shipyard plans. Jan Cienski and Nikki Tait, The Ft (en)
Baptism of fire for US envoy to Nato. James Blitz, The Ft (en)
Inflation fear forces ECB to hold rate . Ralph Atkins, The Ft (en)

Comment: ECB must act to end euro’s wild rise. Paul De Grauwe,
"...The downturn of economic activity in the eurozone has come as a surprise to many observers. The credit crisis appeared to be less severe in the eurozone than in the US and, apart from Spain and Ireland, none of the eurozone member countries experienced serious problems in the housing market. Yet the eurozone now comes close to a full-fledged recession. What happened to cause such a rapid and intense deterioration in the eurozone business cycle? The key to answering this question is the exchange rate of the euro..."

Georgia linked to Nato early warning system . Michael Evans, The Times (en)
"...the arrangement enabled Nato radar specialists to be linked up to the Georgian radar systems. “It means Nato can now see what the Georgians are seeing through their radars, effectively allowing the alliance to monitor what is going on over Georgian airspace without having military assets in place,” ..."

Putin wants a new Russian empire. Con Coughlin, The Telegraph (en)
..."Moscow will not always need to rely on military hardware to redraw geographical boundaries in its favour - sometimes all that will be required is clever manipulation of local politics, as is currently happening in Ukraine.
Nor are Russia's imperial ambitions confined to the Caucasus. It has already been active in Central Asia - another favourite imperial hunting ground - where Moscow has established close relations with the deeply unpleasant despots who currently hold power in Tajikistan, Uzbekistan and Turkmenistan. It has taken a keen interest in the separatist movements that are currently active in Moldova and the disputed Azerbaijan enclave of Nagorno-Karabakh. Moscow has also made clear its determination to protect the Russian minorities who remain in the plucky little Baltic states liberated at the end of the Cold War, but which continue to be on the receiving end of Moscow's intimidatory tactics..."

No comments: