Final Word from Wednesday, June 6, 2012
The end of the European Union (Frankfurter Allgemeine Zeitung).
Athens scrambles as coffers go bare (International Herald
Tribune). Spain makes its most explicit plea yet for European
institutions to recapitalize its banks (Financial Times). Moody's
lowers its credit ratings for Commerzbank and five other German
banks, as well as the three largest Austrian banking groups,
Erste Group, UniCredit Bank Austria and Raiffeisen Bank Int.
(Handelsblatt). The Federal Reserve considers more action amid
new doubts about an economic recovery (Wall Street Journal
Europe). The latest plan of George Osborne, U.K. chancellor of
the exchequer, is to ask Britain's savers to buy "growth bonds" to
fund billions of pounds in infrastructure investments (The
Independent). David Rath speaks of a conspiracy and of "money
for the elections" (MF Dnes). David Rath calls himself an ant
(Pražský deník).[Czech Republic EU MFD FT WSJE IHT FAZ United Kingdom]
Glossary of difficult words
to scramble - to perform an action in a hurried or clumsy way or with difficulty;
coffers - the funds or financial reserves of a group or institution;
amid - in an atmosphere of;
exchequer - a royal or national treasury.