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International: Europe archive

Euro Troubles: The End of Germany's Illusions

Euro Troubles: The End of Germany's Illusions

June 05, 2012, 03:17 PM

Germany's booming economy and plummeting unemployment has long insulated the country from the euro crisis on Europe's periphery. Those times, however, are coming to an end. The German economy is now showing it is vulnerable after all, and Chancellor Merkel will now be forced to make sacrifices. A Commentary by Stefan Kaiser more...


Combating the Crisis: Berlin and EU Weigh Greater Bank Oversight

Combating the Crisis: Berlin and EU Weigh Greater Bank Oversight

June 05, 2012, 01:54 PM

Chancellor Merkel and European Commission President Barroso on Monday met to talk about creating a banking union to increase oversight over systemically important European banks. The move could mark a step toward providing direct aid from Brussels to ailing EU financial institutions. more...


Vatileaks Scandal: Documents Expose Pope's Frail Leadership

Vatileaks Scandal: Documents Expose Pope's Frail Leadership

June 04, 2012, 01:50 PM

Though Pope Benedict XVI's personal butler has been arrested in connection with the "Vatileaks" scandal, new documents released over the weekend indicate he had powerful backers that remain unidentified. The secret documents expose the pontiff's awkward and helpless leadership in the Church. By Fiona Ehlers in Rome more... Comment ]

Rising Currency Concerns: Berlin Wants Spain to Accept Bailout Money

Rising Currency Concerns: Berlin Wants Spain to Accept Bailout Money

June 04, 2012, 12:16 PM

With Madrid struggling to recapitalize its struggling banking sector, Chancellor Angela Merkel is pressuring Spain to accept bailout money. Spanish premier Rajoy has thus far resisted the move, but with central banks in developing countries now rapidly reducing their euro holdings, the situation is becoming dire. more...

Banking Woes: Ireland Still Long Way from Overcoming Debt Crisis

Banking Woes: Ireland Still Long Way from Overcoming Debt Crisis

June 04, 2012, 08:55 AM

Irish voters have approved the fiscal pact in a closely watched referendum, to the relief of European leaders. But the country is still a long way from solving its debt crisis, and its banks will soon need additional billions in fresh capital. By Christoph Pauly in Dublin more... Comment ]

'Sigh of Relief': Irish Approve Fiscal Pact in Referendum

'Sigh of Relief': Irish Approve Fiscal Pact in Referendum

June 01, 2012, 03:48 PM

Ireland has approved the European fiscal pact in a closely watched referendum, averting a possible setback for a key element of Chancellor Merkel's approach to fighting the euro crisis. Although analysts say it's a sign of support for Europe, they point out that Ireland still has more serious problems to worry about. more... Comment ]

Trans-Atlantic Titan: The End of an Era at the German Marshall Fund

Trans-Atlantic Titan: The End of an Era at the German Marshall Fund

June 01, 2012, 01:11 PM

As a child, Guido Goldman fled to the US to escape the Nazis. Just a couple of decades later, however, he launched what would ultimately become one of the premier pillars of trans-Atlantic relations between the US and Germany. The German Marshall Fund turns 40 next week -- and Goldman has decided to retire. By Renuka Rayasam more...

Growing Concern: World Bank Blasts Europe's Euro-Crisis Management

Growing Concern: World Bank Blasts Europe's Euro-Crisis Management

June 01, 2012, 12:58 PM

Is the euro entering the end game? With Spanish banks on the brink and the Greek political situation uncertain, many senior economic leaders say that the time for drastic action is swiftly approaching. On Friday, World Bank head Robert Zoellick argued that it is almost time to "break the glass" on the emergency alarm. more...

Cutting Back in Lisbon: Portugal's Arts Scene Struggles to Keep the Lights On

Cutting Back in Lisbon: Portugal's Arts Scene Struggles to Keep the Lights On

May 31, 2012, 05:43 PM

With the euro crisis raging, and public and private funds gone, Portuguese artists have learned to be strategic in order to survive. Many have left the struggling nation, but for those who have stayed behind the focus is on winning over foreign buyers and investors. By Caille Millner more...

Outrage over Houla Massacre: Merkel and Hollande to Challenge Russia over Syria

Outrage over Houla Massacre: Merkel and Hollande to Challenge Russia over Syria

May 31, 2012, 12:44 PM

Vladimir Putin was hoping to address mainly economic issues when he visits Berlin and Paris on Friday. But the recent massacre in Houla will give the ongoing Syrian conflict a prominent place on the agenda. Russia's president continues to resist efforts to counter the Assad regime, but the pressure on him is mounting. By Benjamin Bidder  in Moscow more...