SPIEGEL ONLINE
- May 24, 2012
With Greeks heading to the polls once again in June, finance ministries in euro-zone member states are preparing for the worst. Several media outlets are reporting that contingency plans are being developed to prepare for a Greek exit from the common currency zone. more...
SPIEGEL ONLINE
- May 23, 2012
In a SPIEGEL interview, Nobel Prize-winning economist Paul Krugman argues that this is not the time to worry about debt and inflation. To save the euro zone, he argues that the European Central Bank should loosen monetary policy and the German government should abandon austerity. more... [ Forum ]
SPIEGEL ONLINE
- May 23, 2012
New French President François Hollande has been consistent in his demands for measures to stimulate economic growth in the European Union. But so far, Hollande has been vague about exactly what he wants. His moment of truth will arrive on Wednesday night. By Carsten Volkery in London more...
SPIEGEL ONLINE
- May 16, 2012
Greece is on the verge of economic collapse and yet the country's left wants to jettison austerity measures. Would this leave any alternative other than exiting the euro? SPIEGEL ONLINE invited the leader of Greece's pro-business Drasi party and an anti-austerity Syriza parliamentarian to debate the issues. more...
SPIEGEL ONLINE
- May 16, 2012
Unable to create a government after nine days of negotiations, Greeks are slated to head back to the polls in June for a second attempt. In Germany, editorialists almost universally share the view that the new election will be a de facto referendum on whether the country should remain in the euro zone. more...
SPIEGEL ONLINE
- May 16, 2012
A group of left-wing extremists in Germany has claimed responsibility for an arson attack aimed at the EU task force leader for Greece. His efforts to implement painful reforms there are unwanted, said the group, which has also threatened further attacks. more...
SPIEGEL ONLINE
- May 16, 2012
Just hours after his rain-soaked inauguration, new French President François Hollande flew to Berlin to meet with the German chancellor. The pair did all they could to exude amiability, but with Hollande now intent on fulfilling his myriad campaign promises, it remains to be seen how long the congeniality will last. By Severin Weiland in Berlin more...
SPIEGEL ONLINE
- May 15, 2012
Greece will hold a new election in June after President Karolos Papoulias failed on Tuesday to persuade parties to form a government. The anti-austerity SYRIZA party could win next month, raising the prospect that Greece will abandon its reforms and quit the euro. Markets fell sharply on the news. more...
SPIEGEL ONLINE
- May 15, 2012
François Hollande, sworn in as French president on Tuesday, will have no time to savor the moment. He will dash to Berlin to challenge Angela Merkel's austerity policy on Tuesday evening. Then he has to form a cabinet and honor his pledge to cut ministerial salaries. He urgently needs to score successes ahead of parliamentary elections in June. By Stefan Simons in Paris more...
SPIEGEL ONLINE
- May 15, 2012
The German economy powered ahead in the first quarter with 0.5 percent GDP growth, far more than expected, while other countries in the euro zone stagnated or sank deeper into recession. The gap could could fuel calls for Chancellor Angela Merkel to soften her stance on austerity. more...
