In case you were wondering about the Portuguese economy a recent OECD survey tries to steer you in the direction and although the OECD are undobtedly right in many of their observations the case of Portugal also mirrors how being a member of the Euro does not necessarily help you to achieve those honourful demands [...]

Overheard in the bar, Paris-Toulouse TGV near Bordeaux…
A French saloon bar bore, who has apparently just returned from a spell abroad, is in the process of berating “national decline” to the barman. Apparently these students are deluded, irresponsible fools, France is in the Middle Ages, and two of the escalators weren’t working at Montparnasse [...]

Since the withdrawal of the CPE and the resulting collateral damage to Dominique de Villepin, not to mention Nicolas Sarkozy’s unexpected appearance as a unity figure at the height of the crisis, it’s rapidly being promulgated as conventional wisdom that France “is ungovernable”/refuses to “reform”/cannot be “reformed”. There is only one problem with this discourse, [...]

Corriere della Sera is now reporting that the Italian Senate is breaking 158-156 to the Left, with the lower house going 340-277. The controversial six seats for Italians abroad, introduced by neo-well actually quite-fascist minister (a former member of the Salo Republic’s army) Mirko Tremaglia, seem to have backfired badly on their inventor, with 4 [...]

Well, by 1630 CET today, the Milan stock market had made a very clear judgment on the outcome of the Italian elections - the MIBTEL index being up just under 1 per cent intraday, despite a pasting for Berlusconi’s own Mediaset..down 1.98 per cent at €9.68 a share. Berlusconi’s departure seems welcome indeed.
More exit poll [...]

I have learned via the unlinkable newsfeed site NOS Teletekst that The Netherlands will be opening its borders to East European workers coming from the new EU member states, starting January 1st 2007. Dutch Parliament pushed back the original entry date, May 1st 2006, that was proposed by employers. The big fear is abuse of [...]

Germany - Süddeutsche Zeitung. On March 15 the Ukrainian author
Yuri Andrukhovych was awarded the prize for European
Understanding at the opening ceremony of the Leipzig Book Fair.
In a sensational speech, he attacked EU Commissioner Günter
Verheugen who opposes Ukraine’s entry into the EU. The
newspaper publishes extracts of the speech: “European dialogue
has not taken place,” Andrukhovych notes bitterly, [...]

Well the new EU energy plan has been released (and here, and you can also find the actual Commission statement here). The final product is pretty much as the leaks suggested.
As was indicated yesterday, Russia related concerns are central. The FT comments:
Russia supplies a quarter of Europe’s gas needs and the Union’s dependence [...]

I don’t suppose it’s much of a secret that Turkey is one of the main ‘growth tigers’ in the ambit of the EU. The big issue is, I suppose, just how sustainable Turkey’s growth is. Well the World Bank is on the story, and now has a Country Economic Memorandum entitled Promoting Sustained Growth and [...]

Thursday’s edition of the International Herald Tribune features an interesting article concerning the recent European rows about state interference in favour of so-called national champions.
Quoting Elie Cohen, the Tribune’s authors - Katrin Bennhold and Graham Bowley - suggest that both the French government’s allegedly new/refound role as M&A consultant in the Suez and Gaz de [...]