SPIEGEL ONLINE
- May 17, 2013
A recent inquiry suggests that Cyprus isn't doing enough to combat money laundering, a precondition for obtaining a bailout package. The banks know little about their customers and are ill-equipped to identify suspicious transactions. more... [ Forum ]
SPIEGEL ONLINE
- May 17, 2013
Despite the country's crippling financial crisis, residents of the Greek island of Ithaca have found new hope after the Emir of Qatar bought a nearby island for his summer retreat. The purchase has sparked a rush on local real estate and could bring new development. By Manfred Ertel more... [ Forum ]
SPIEGEL ONLINE
- May 17, 2013
As a further sign that all is not well in the Franco-German motor of Europe, the two countries will not issue a joint statement ahead of the next EU summit as Berlin had hoped. The development comes as France slips further into economic malaise. more... [ Forum ]
SPIEGEL ONLINE
- May 16, 2013
The European common currency zone has now been in recession for six straight quarters, with three of the bloc's four largest economies now suffering persistent negative growth. Could the Continent's pursuit of austerity be backfiring? German commentators believe the answer is yes. more... [ Forum ]
SPIEGEL ONLINE
- May 15, 2013
Youth unemployment in Spain is enormously high, yet some companies in Germany can't find the skilled labor they need. Now, a program in Bavaria is trying to kill two birds with one stone. It has been overwhelmed with applications and the first Spanish newcomers have begun arriving. By Andrew Bowen in Munich, Germany more... [ Forum ]
SPIEGEL ONLINE
- May 15, 2013
European leaders had hoped to quickly finalize plans for an EU banking union to regulate bank bailouts and provide a roadmap for unwinding insolvent financial institutions. But with the German election looming, Berlin is wary of moving forward. The result could be a lengthy delay. By Carsten Volkery more... [ Forum ]
SPIEGEL ONLINE
- May 14, 2013
In just the last 12 months, support for the European Union has plummeted on the Continent. Furthermore, many have lost faith in their elected representatives. Only in Germany do people still view the EU favorably, and the split with the rest of Europe is widening. By Gregor Peter Schmitz in Washington more... [ Forum ]
SPIEGEL ONLINE
- May 14, 2013
Southern Europeans have grown impatient with Germany's self-imposed role as Europe's iron fist in recent months, but their criticism seems to have left the majority of Germans unfazed. A new study reveals the growing rift in public opinion on the state of the European Union. A Commentary by Bruce Stokes more... [ Forum ]
SPIEGEL ONLINE
- May 13, 2013
The European Commission wants to give countries like France and Spain more time to reduce their debts, but the German government wants them to speed up. A report written by Chancellery staff and seen by SPIEGEL says reforms are lagging and lists the shortcomings of Southern European countries. more...
SPIEGEL ONLINE
- May 13, 2013
The European Central Bank would like to encourage banks in Southern Europe to issue more loans. But Berlin is concerned that a planned move to trigger such lending could violate EU treaties. German Finance Minister Wolfgang Schäuble has hit the brakes. more...
