Close your eyes.
Think about the world and answer the next question: Do you know what is happening in the other side of ocean?
Open your mind; let’s go to figure it out.
Across the Atlantic Ocean we find another continent, Europe. Europe is one of the seven continents of the world located on Western of Asia and Northern of Africa. Well, we try to go ahead. Almost everyone knows that there is an international crisis, which is known as Global Financial Crisis. Europe is also related to crisis. The media try to cover the situation telling the audience what it is happening but, are they right? Are they offering their best information?
Different media are covering international issues. In the United States we find newspapers or online media like USA Today, CNBC, Reuters, The Wall Street Journal, and also CNN, deal with it. Due to the fact that Europe is not close to the United States, is the media doing their best? In order to answer this question, we need to analyze some news.
According to an article published in The Wall Street Journal on Wednesday 26, Stephen Filder and Jonathan House focus on economic aspect. Filder and House wrote:
“Spain’s borrowing costs rose and its stock market fell sharply on the eve of Madrid’s announcement of new austerity measures, putting the shaky economy again at the center of Europe’s race to preserve its currency union.
Spain’s benchmark IBEX-35 index fell 3.9% and other European exchanges posted losses as well. The government’s 10-year borrowing costs rose nearly one-third of a percentage point, to above 6%, placing renewed pressure on Madrid to find a way out of its debt crisis and appearing to crimp its prospects for avoiding a bailout from its euro-zone partners.”
They did a good resume explaining the economic situation. However, if the audience didn’t hear about the issue before or they didn’t know some technical concepts; they wouldn’t be able to understand it.
Going further, there is a better coverage from Reuters. The news agency covered it including economical and social aspect. Toni Vorobyova wrote the article titled “Spain pushes euro zone equities to worst day in 2 months.” Vorobyova covered the financial crisis and also mentioned the protests occurred in Spain. This report helps to the general comprehension of the whole financial situation in the Continent. Nevertheless, it focuses on Europe’s market, people who is not interested in economics are not going to follow reading it after the lead:
“Euro zone equities suffered their worst session in two months on Wednesday, as violent anti-austerity protests in Greece and Spain underscored the hurdles the bloc faces on its road out of recession and financial crisis.
Financials were the top fallers, as investors locked in profits on strong summer gains on expectations of central bank stimulus. Sentiment for the sector was further soured by vocal disagreements among euro zone member countries on how to recapitalise struggling Banks.” Toni Vorobyova wrote.
Don’t be impatient, the engaging news is coming. The information offered by The New York Times, CNBC, USA Today, and CNN is good enough. Society care about their own issues, and this is a social fact. There is not taking place around US, but it affect to the whole world. People must be informed; reporters and agencies should get credible news. That media is doing a good job broadcasting the international crisis. Focusing on Spanish protests, articles which people is going to read and get inform about it are:
“Spain’s Troubles Worsen, Sparking New Phase for Euro Crisis” written by Laurie Laird (26 Sept.).
“Reasons Not to Lose Faith in Spain…Yet” written by Dhara Ranasinghe (26 Sept.).
“Tens of thousands protest Spanish austerity measures” written byAl Goodman (15 Sept.).
The video shows what is going on in Madrid, the capital of Spain. The article published for USA Today titled “Protests against budget cuts in Spain, Greece rock world markets” was written by Nikolia Apostolou and Evangeline O’Regan. It is a great reflect about the situation because it also involves what is happening to society, not only the economical fact; so people will engage it.
“Spain has undergone two days of violent protests because of cuts to public benefits and jobs due to be announced in Madrid on Thursday for the 2013 budget. The cuts are an attempt to meet austerity targets demanded by the eurozone, the 17 nations that use the euro as currency, in return for financial assistance.” Apostolou and O’Regan said.
They offered relevant information about measures and its consequences. They told the audience that people is moving and they complained about the crisis, and how it affects to them.
Take a breath.
The world moves, every second involves a new fact. Audience is ready to know. The job of reporters and media is uploaded information in the best way. Transparency is a key; opinion is not necessary.
In short, international news are less important because there is no proximity. However, it doesn’t justify the lack of information. Sometimes audience has to find their preferred sources, and also take a look to other medium. Anyway, contrast is the essential key.
Now, you can see.