dpa

Mountains of Debt

Gone are the big, deficit-spending days of the 2000s. EU governments have undergone rounds of belt-tightening measures, including cutting social services and raising retirement ages. Even Germany, Europe's strongest economy, pushed through its own far-reaching savings package.

The Gospel of Matteo: Italy's New Prime Minister Promises Radical Reform

The Gospel of Matteo: Italy's New Prime Minister Promises Radical Reform

SPIEGEL ONLINE - March 06, 2014

New Italian Prime Minister Matteo Renzi is a neophyte on the national stage. But he has lofty ambitions nonetheless. A look back at his time as the mayor of Florence provides a glimpse of how he might run Italy. By Walter Mayr more... Comment ]

Coalition Talks: SPD May Drop Demand for Finance Ministry

Coalition Talks: SPD May Drop Demand for Finance Ministry

SPIEGEL ONLINE - October 28, 2013

Clinching the powerful post of finance minister in coalition talks would be a major coup for the center-left Social Democrats. But they may drop the demand in return for policy concessions -- and due to tactical considerations by SPD leader Sigmar Gabriel. more... Comment ]

Preparing to Govern: Formal Coalition Talks Kick Off in Berlin

Preparing to Govern: Formal Coalition Talks Kick Off in Berlin

SPIEGEL ONLINE - October 23, 2013

Official coalition talks began Wednesday in Berlin between Merkel's conservatives and the center-left Social Democratic Party. Central topics include energy policy and the minimum wage -- as well as Germany's hotly debated European policy. more... Comment ]

A Fresh Start in Europe: Is a Milder Merkel in the Cards?

A Fresh Start in Europe: Is a Milder Merkel in the Cards?

SPIEGEL ONLINE - September 24, 2013

Angela Merkel's tough-nosed euro policies have divided the Continent and earned her a reputation for coldness. Now that the election has strengthened her hand and freed her of pesky partners, she has a chance to reshape her stance. A Commentary by Stefan Kaiser more... Comment ]

Scion of Austerity: A Tall Order for New Greek Reform Minister

Scion of Austerity: A Tall Order for New Greek Reform Minister

SPIEGEL ONLINE - September 03, 2013

Kyriakos Mitsotakis has only been minister for administrative reform for a few weeks. But he is already under heavy pressure from the troika to reduce Greek spending. To show he means business, the ambitious son of an old political family will soon cut thousands of jobs. By Julia Amalia Heyer more... Comment ]

'Germany Is Critical': IMF Calls on Berlin to Loosen Pocketbook

'Germany Is Critical': IMF Calls on Berlin to Loosen Pocketbook

SPIEGEL ONLINE - August 07, 2013

Germany has passed its annual fiscal health check by the International Monetary Fund, but the watchdog is warning that the country's overreliance on exports still makes it susceptible to external shocks. more...

Last Call: Crisis Closes Pubs, Mainstay of Irish Society

Last Call: Crisis Closes Pubs, Mainstay of Irish Society

SPIEGEL ONLINE - August 02, 2013

With high unemployment, a surge in emigration and rising beer prices, Irish pubs are getting pinched by the crisis, and some 1,500 have been forced to shut their doors. But one entrepreneur has found a novel way to keep patrons and hold his community together. By Patrick Kremers more... Comment ]

Crisis of Faith: Doubts Grow Over Spanish Reforms

Crisis of Faith: Doubts Grow Over Spanish Reforms

SPIEGEL ONLINE - July 31, 2013

Measures to pull Spain out of the crisis are failing to bear fruit and exacerbating social tensions. While some are optimistic, the core problems remain, and many are questioning the old elite's ability to clean up the financial sector and reform the country. By Martin Hesse more... Comment ]

Protests in Sofia: Police Break Siege of Bulgarian Parliament

Protests in Sofia: Police Break Siege of Bulgarian Parliament

SPIEGEL ONLINE - July 24, 2013

Forty days of anti-government protests culminated Tuesday night in an eight-hour blockade of Bulgaria's parliament in Sofia. Police ended the siege on Wednesday morning, escorting more than 100 officials out of the building amid ongoing unrest. more... Comment ]

Basta 'La Casta': No End in Sight to Italy's Economic Decline

Basta 'La Casta': No End in Sight to Italy's Economic Decline

SPIEGEL ONLINE - July 24, 2013

The Italian economy may be the third largest in the euro zone, but it is also plagued by inefficiency and continues to shrink. The country's political leadership has proven unable to implement badly needed reforms and the future looks grim. By Hans-Jürgen Schlamp more... Comment ]