AP

Too Big to Fail

Precipitated by the bursting US housing bubble and culminating in the bankruptcy of Wall Street firm Lehman Brothers in Sept. 2008, the financial crisis prompted governments to bail out banks and take over insolvent companies. The "Great Recession" and its aftershocks still echo throughout the global economy.

Brewing Conflict over Greece: Germany's Finance Minister Mulls Taking on Merkel

Brewing Conflict over Greece: Germany's Finance Minister Mulls Taking on Merkel

SPIEGEL ONLINE - June 12, 2015

Finance Minister Wolfgang Schäuble appears to have given up hope of a satisfactory outcome to the Greek crisis. Unlike the chancellor, he is willing to cut the rope on Athens. But will he dare to dig in his heels and defy Merkel? By Peter Müller, René Pfister and Christian Reiermann more... Comment ]

'Strong Moralizing': A Legal Look at Greek Reparations Demands

'Strong Moralizing': A Legal Look at Greek Reparations Demands

SPIEGEL ONLINE - March 13, 2015

Athens has demanded that Germany pay Greece billions in World War II reparations. Berlin, though, has ignored the requests. International law professor Frank Schorkopf says that Germany has already fulfilled its obligations through wealth transfers. Interview by Dietmar Hipp more... Comment ]

French EU Commissioner Moscovici: 'A Grexit Would Be a Catastrophe'

French EU Commissioner Moscovici: 'A Grexit Would Be a Catastrophe'

SPIEGEL ONLINE - March 13, 2015

In an interview, EU currency commissioner Pierre Moscovici, 57, discusses efforts in Brussels to ensure that Greece remains in the euro zone and why he believes a Greek exit would be a disaster for Europe. Interview by René Pfister and Gregor Peter Schmitz more... Comment ]

Thomas Piketty on the Euro Zone: 'We Have Created a Monster'

Thomas Piketty on the Euro Zone: 'We Have Created a Monster'

SPIEGEL ONLINE - March 10, 2015

In an interview with SPIEGEL, celebrated French economist Thomas Piketty speaks about Alexis Tsipras' election victory in Greece, Europe's inability to fix its financial woes and what EU leaders can learn from the United States. Interview by Julia Amalia Heyer and Christoph Pauly more... Comment ]

Monetary Fallacy? Deep Divisions Emerge over ECB Quantitative Easing Plans

Monetary Fallacy? Deep Divisions Emerge over ECB Quantitative Easing Plans

SPIEGEL ONLINE - November 03, 2014

To prevent dangerous deflation, the ECB is discussing a massive program to purchase government bonds. Monetary watchdogs are divided over the measure, with some alleging that central bankers are being held hostage by politicians. By Anne Seith more... Comment ]

The Zombie System: How Capitalism Has Gone Off the Rails

The Zombie System: How Capitalism Has Gone Off the Rails

SPIEGEL ONLINE - October 23, 2014

Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself? By Michael Sauga more... Comment ]

More Money Please: A New Plan to Boost Europe's Straggling Investments

More Money Please: A New Plan to Boost Europe's Straggling Investments

SPIEGEL ONLINE - July 01, 2014

The euro crisis may have eased recently, but companies and countries in the common currency zone still aren't investing enough to fuel growth. The best solution, a Berlin economics institute argues, is to establish an EU-wide investment fund. By Christian Reiermann more... Comment ]

Out of Ammo? The Eroding Power of Central Banks

Out of Ammo? The Eroding Power of Central Banks

SPIEGEL ONLINE - April 16, 2014

Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control? By Michael Sauga and Anne Seith more... Comment ]

Troubled Times: Developing Economies Hit a BRICS Wall

Troubled Times: Developing Economies Hit a BRICS Wall

SPIEGEL ONLINE - February 07, 2014

Until recently, investors viewed China, Brazil and India as a sure thing. Lately, though, their economies have shown signs of weakness and money has begun flowing back to the West. Worries are mounting the BRICS dream is fading. By Erich Follath and Martin Hesse more... Comment ]

Out of the Abyss: Looking for Lessons in Iceland's Recovery

Out of the Abyss: Looking for Lessons in Iceland's Recovery

SPIEGEL ONLINE - January 10, 2014

In 2008, Iceland experienced one of the most dramatic crashes any country had ever seen. Since then, its recovery has been just as impressive. Are there lessons to be learned? SPIEGEL went to the island nation to find out. By Guido Mingels more... Comment ]