More Arrests: Greece Makes Progress on Arms Deal Corruption

More Arrests: Greece Makes Progress on Arms Deal Corruption

SPIEGEL ONLINE - January 20, 2014

Greek prosecutors last week arrested two more people suspected of having taken bribes from German armaments firms during the last decade. The detentions are the latest in the country's intensified efforts to go after corrupt, high-ranking officials. more... Comment ]

Economic Health: Has Greece Turned a Corner?

Economic Health: Has Greece Turned a Corner?

SPIEGEL ONLINE - January 08, 2014

Greece, which took over the European Council presidency on Jan. 1, claims it is returning to economic health and is even expecting modest growth this year. But a closer look raises doubts. By Christoph Pauly, Gregor Peter Schmitz and Christoph Schult more... Comment ]

Crisis Management: Europe Eyes Anglo-Saxon Model with Envy

Crisis Management: Europe Eyes Anglo-Saxon Model with Envy

SPIEGEL ONLINE - January 06, 2014

Should the European Central Bank follow the Anglo-Saxon model and buy up vast quantities of sovereign bonds in attempt to finally overcome the euro crisis? ECB head Mario Draghi is under pressure to act now. But what are his options? By Henrik Müller more... Comment ]

Isolated in Brussels: Merkel Clashes with EU Commission

Isolated in Brussels: Merkel Clashes with EU Commission

SPIEGEL ONLINE - January 02, 2014

Even as the euro crisis grows less acute, Europe is stuck. The European Commission is resisting any loss of its power, and many member states are tired of German dominance. Opponents of Europe, including those in Merkel's camp, sense an opportunity. By SPIEGEL Staff more... Comment ]

'This Perverse Angst': Draghi Defends Euro Rescue Policies

'This Perverse Angst': Draghi Defends Euro Rescue Policies

SPIEGEL ONLINE - January 02, 2014

In an interview, ECB chief Mario Draghi, 66, defends his controversial euro rescue policies, saying Germans' fears have failed to materialize and that conditions in the euro zone are improving. more... Comment ]

Not Fit for the Next Crisis: Europe's Brittle Banking Union

Not Fit for the Next Crisis: Europe's Brittle Banking Union

SPIEGEL ONLINE - December 19, 2013

German Finance Minister Wolfgang Schäuble has negotiated a European banking union suited perfectly to his country's tastes. It looks like a victory, but it could prove to be very expensive if Europe or Germany face another financial crisis. An Analysis By Gregor Peter Schmitz in Brussels more... Comment ]

EU Wrangling: Berlin Plays It Safe on Banking Union

EU Wrangling: Berlin Plays It Safe on Banking Union

SPIEGEL ONLINE - December 11, 2013

German Finance Minister Wolfgang Schäuble met with his EU colleagues until midnight on Tuesday to discuss Europe's planned banking union. Berlin is playing it safe in the talks, but its hesitancy threatens to derail the project's core ambitions. By Gregor Peter Schmitz more...

Weapons of Last Resort: ECB Considers Extreme Crisis Measures

Weapons of Last Resort: ECB Considers Extreme Crisis Measures

SPIEGEL ONLINE - December 05, 2013

The European Central Bank wants to spur lending by banks in Southern Europe, but conventional methods have shown little success so far. On Thursday, ECB officials will consider monetary weapons that were previously considered taboo. more...

Weak Growth: Agency Strips Netherlands' AAA Rating

Weak Growth: Agency Strips Netherlands' AAA Rating

SPIEGEL ONLINE - November 29, 2013

The Netherlands lost its top credit rating on Friday as S&P moved to downgrade the country as a result of its weak economy. Holland had previously been a stable point in the euro crisis. Only 10 countries, including Germany, still retain AAA status worldwide. more... Comment ]

Modesty amid Austerity: Greece Aims for Frugal Council Presidency

Modesty amid Austerity: Greece Aims for Frugal Council Presidency

SPIEGEL ONLINE - November 26, 2013

Greece has announced it will offer fewer perks and spend considerably less than other countries on the rotating presidency of the Council of the European Union when it assumes the role in January. Doing otherwise would send the wrong message, Athens stressed. By David Böcking and Georgios Christidis more... Comment ]