Austria

Thursday

Martin Vander Weyer

Any other business: trouble spots in European banking

‘1914: Day by Day’, the Radio 4 series by the historian Margaret MacMillan, is a gripping reminder that significant global events often arrive not in a single eruption but in a series of lesser happenings that only afterwards form an obvious pattern. Let’s hope that’s not what we’re watching in the banking sector as anticipation builds towards the results, due in October, of the European Banking Authority’s current round of ‘stress testing’. Last month’s trouble spot — with a certain resonance for the current centenary — was Austria, whose government forced losses on bondholders in the troubled Hypo Alpe-Adria-Bank by overriding a guarantee from the province of Carinthia. A clutch

Sunday

Rod Liddle

Eurovision: It was the beard wot won it

I enjoyed Fraser’s preview of the Eurovision Song Contest; I had not known that he was such a fan. You work with someone for years, oblivious to their dark secrets, their strange peccadilloes. It was typically brave of him to come out, in public. I watched the thing, again. I thought the entry from The Netherlands was the best song I have ever heard at a Eurovision Song Contest, and by some margin. But that may be because Europop makes me feel ill, and their song definitely wasn’t Europop. It’s the first time I’ve heard a pedal steel in this competition. That being said, the Dutch have form as purveyors

Friday

James Forsyth

S&P to downgrade France and Austria

The word is that France will be downgraded by Standard and Poor’s tonight. AFP is reporting that French officials expect France to drop to a AA+ rating, losing its treasured AAA status and increasing how much it will have to pay to borrow money. 2012 has, so far, been relatively quiet on the euro front. But expect the issue to return to centre stage over the coming weeks. There are the downgrades coming tonight – France is apparently not the only eurozone country that S&P will mark down with Austria set to lose its AAA rating too – and a coercive and chaotic Greek default seems increasingly likely. Add to

Sunday

Fraser Nelson

European integration that we can get behind

Part of the magic of the New Year’s Day concert from the Vienna Philharmonic is knowing that millions are watching the same event live, right throughout Europe. It’s perhaps the only cultural event that unites the continent in this way (other than Eurovision). Politically and economically, not very much binds us together, as the tensions within the European Union demonstrate. The continent is a model of diversity, which is why homogenisation attempts fail. But when it comes to culture, it’s a different story altogether — with classical music being, perhaps, one of the strongest unifying factors. Turn up to a concert hall in Edinburgh, Leeds or Athens to listen to