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International: Europe archive

'Excessive Wealth': French Candidate Calls for Top Tax of 75 Percent

'Excessive Wealth': French Candidate Calls for Top Tax of 75 Percent

February 28, 2012, 03:17 PM

If the Socialist Party's candidate wins the current presidential election in France, the country's highest earners may be faced with massive new taxes. Francois Hollande says he wants to introduce a wealth tax of 75 percent on income of over 1 million euros per year. more... Comment ]


'Europe Remains a Question of War and Peace': Kohl Urges Germans to Stay Committed to Europe

'Europe Remains a Question of War and Peace': Kohl Urges Germans to Stay Committed to Europe

February 28, 2012, 02:21 PM

Former German Chancellor Helmut Kohl stepped into the German debate about aid for Greece on Tuesday, warning that the goal of a united Europe mustn't be questioned. Opposition leaders say Merkel's government is teetering following Monday's backbench revolt in the parliamentary vote on the Greek bailout. more...


Euro Crisis Oversight: German Court Grants Parliament More Say in Bailouts

Euro Crisis Oversight: German Court Grants Parliament More Say in Bailouts

February 28, 2012, 11:15 AM

The nine-member panel set up by the German parliament to monitor the activities of the temporary euro bailout fund is "in large part" unconstitutional, Germany's top court said on Tuesday. The ruling could curtail Berlin's ability to fight the euro crisis. more...

Opinion: We Have Become the New Villain

Opinion: We Have Become the New Villain

February 27, 2012, 05:19 PM

The German parliament is set to approve a new multibillion euro bailout package for Greece on Monday, but instead of thanks, southern Europeans are expressing their dislike of us. Germans will have to get used to their new role: We have become the Americans of Europe. A Commentary By Jan Fleischhauer more... Comment ]

Large Majority: German Parliament Approves Greek Bailout Package

Large Majority: German Parliament Approves Greek Bailout Package

February 27, 2012, 04:48 PM

The German parliament on Monday approved the second Greek bailout package with a large majority, as expected. A total of 496 lawmakers voted in favor and 90 against, reports said. Chancellor Angela Merkel succeeded in pushing the vote through but failed to secure an absolute majority in her government. more...

Rift Over Crisis Management: Merkel Rebukes Minister for Comments on Greece

Rift Over Crisis Management: Merkel Rebukes Minister for Comments on Greece

February 27, 2012, 02:48 PM

Chancellor Angela Merkel made clear on Monday that she disagrees with Interior Minister Hans-Peter Friedrich, who called for Greece to quit the euro zone. His comments in SPIEGEL exposed a rift in her coalition about how to manage the euro crisis ahead of Monday's vote on the new Greek bailout. more...

New Inquiry Into Austrian Abduction: Kampusch Kidnapper May Have Had Accomplice

New Inquiry Into Austrian Abduction: Kampusch Kidnapper May Have Had Accomplice

February 27, 2012, 01:42 PM

Wolfgang Priklopil, the man who abducted Natascha Kampusch when she was 10 and held her captive for over eight years, may not have been acting alone, the head of a committee investigating the case has told SPIEGEL. The kidnapper may have had help committing suicide after she fled in 2006 -- or may even have been killed.  more...

The World from Berlin: 'Europe is Pouring Money Into a Bottomless Barrel'

The World from Berlin: 'Europe is Pouring Money Into a Bottomless Barrel'

February 27, 2012, 12:53 PM

A German minister has broken with the official government line by saying Greece should be encouraged to quit the euro. The comment, made to SPIEGEL, comes ahead of Monday's parliamentary vote on the second bailout. Some newspapers, including the tabloid Bild, agree that it's time for Greece to leave. more...

Europe Plays Down Crisis: Leaders Buy Time at G-20 Summit in Mexico

Europe Plays Down Crisis: Leaders Buy Time at G-20 Summit in Mexico

February 27, 2012, 12:47 PM

At this weekend's meeting of finance ministers and central bankers of the world's 20 most important economies, the Europeans sought to convey the message that everything is under control in the euro crisis. If so, the rest of the world is asking, why don't they do more to help themselves? An Analysis by Sven Böll in Mexico City more... Comment ]

Shunning Solidarity: Thatcher was Supicious of Polish Solidarity Movement

Shunning Solidarity: Thatcher was Supicious of Polish Solidarity Movement

February 27, 2012, 11:55 AM

Until now, Helmut Schmidt appeared to be the only top Western politician who was skeptical about the Polish trade union Solidarity in the early 1980s. But SPIEGEL magazine reveals British Prime Minister Margaret Thatcher also had deep reservations about the movement and its leader Lech Walesa. more...

'Greater Chances Outside': German Minister Calls for Greek Euro Exit

'Greater Chances Outside': German Minister Calls for Greek Euro Exit

February 27, 2012, 09:50 AM

German Interior Minister Hans-Peter Friedrich has said that Greece would have better chances of economic recovery if it left the euro zone. He told SPIEGEL that Athens should be offered a deal it couldn't refuse, in order to encourage it to quit the currency union. more... Comment ]

Interview with Bundesbank President: Bigger Debt Cut for Greece Would Set Bad Example

Interview with Bundesbank President: Bigger Debt Cut for Greece Would Set Bad Example

February 27, 2012, 09:20 AM

In a SPIEGEL interview, Jens Weidmann, president of Germany's central bank, discusses Greece's reform efforts and the second EU/IMF bailout for the country.  He argues against sweeping debt relief for Athens, saying that other crisis-stricken euro-zone members might see it as an easy way out of their problems. more...

Injecting Cash: Europe's Banks Are Addicted to ECB's Cheap Money

Injecting Cash: Europe's Banks Are Addicted to ECB's Cheap Money

February 27, 2012, 08:21 AM

The European Central Bank will give European banks another massive round of loans at bargain-basement rates on Tuesday, with financial institutions expected to borrow up to one trillion euros. The ECB is playing down the risks of providing so much cheap money, but critics say that banks have become too dependent on the flow of easy cash. By Martin Hesse and Anne Seith more... Comment ]