Another Europe News
Eurozone support chorus grows
http://www.euronews.com/ French President Francois Hollande and Germany’s Angela Merkel on Friday echoed European Central Bank President Mario Draghi’s pledge by saying they will do everything in their power to protect the eurozone.
Their joint statement came after they consulted by phone and after the French Finance Minister Pierre Moscovici said he trusts Draghi “to do exactly what is needed, to act so the markets are appeased and so there can be a relaxation of the interest rates for Spain and Italy.”
Around Europe, Draghi’s comments were taken by the financial markets as a signal that the ECB may be ready to buy more Italian and Spanish bonds.
Though how exactly it would do that is as yet unclear as the Bank is barred by European law from using its balance sheet to finance government spending.
Still investment banker Emanuele Bonabello of Banca Finnatin in Rome welcomed the initial response: “There was a positive effect from the statement by the president of the European Central Bank; the markets seem to have reacted positively and even our borrowing costs have fallen compared to the last auction of government bonds.”
But can that effect last? That is the key question given that there are divisions within the ECB’s governing council on how far it can go to save the eurozone with Germany’s national central bank, the Bundesbank, particularly resistant to the idea of the ECB directly buying bonds.
The Bundesbank regards central bank purchases of sovereign debt as monetary financing of governments and its resistance could narrow the ECB’s options.
“The mechanism of bond purchases is problematic because it sets the wrong incentives,” a Bundesbank spokesman said.
The Bundesbank saw the possibility of the EFSF bailout buying government bonds “as less problematic”, the spokesman added.
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Onboard videos show chaotic scenes on FlyDubai flight
An Israeli passenger filmed scenes of panic aboard a FlyDubai flight after an alleged attack in the cockpit forced the plane to make an emergency landing in Tabuk, Saudi Arabia.
READ MORE : http://www.euronews.com/2026/10/01/onboard-videos-show-chaotic-scenes-on-flydubai-flight
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Saudi Arabia is experiencing an educational boom. In 40 years the student population has soared from 7,000 to around one million. Anyone aiming for a place at university is now spoiled for choice.
Riyadh, the capital, boasts some of the largest, several with world-class facilities Most Saudi universities are government funded. But there are exceptions.
Huge amounts of money are being spent on education in the Kingdom. In Riyadh, Prince Sultan University was the first private one to be run on …
READ MORE : http://www.euronews.com/2014/12/01/educating-riyadh
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Can Europe afford its defence boost? MEPs debate in The Ring
As security and hybrid threats are on the rise across Europe and the war in Ukraine enters its fifth year, the focus in Brussels is firmly on increasing defence spending. But who should pay, and how?
READ MORE : http://www.euronews.com/2026/10/01/can-europe-afford-its-defence-boost-meps-debate-in-the-ring
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Another Europe News
Von der Leyen says Hungary ‘strengthened rule of law’, unlocks €4.2bn in EU funding
Von der Leyen says Hungary ‘strengthened rule of law’, unlocks €4.2bn in EU funding
The European Commission has unlocked €4.2 billion in cohesion funds for Hungary and reopened Erasmus+ and Horizon Europe access, after PM Péter Magyar’s government met EU rule-of-law conditions. Brussels froze the funds in 2022 over corruption and procurement concerns under the Orbán government.
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One person killed and two teenagers injured in a sword attack at Swedish high school
One person killed and two teenagers injured in a sword attack at Swedish high school
Fagersta municipality said an attacker armed with a sword entered Brinell School and killed one person and wounded two teenagers before being detained by police. Local media reported that the attacker was armed with a sword and was shot in the leg by police.
READ MORE : http://www.euronews.com/2026/08/21/sword-wielding-attacker-wounds-several-at-swedish-high-school
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Onboard videos show chaotic scenes on FlyDubai flight
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Tech EU News3 years agoeuronews U talk – Education: Balancing costs and benefits of the Bologna process
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Tech EU News3 years agoBattery power: the hunt for stable renewable energy storage
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