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.

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 ]

Feeding the Bubble: Is the Next Crash Brewing?

Feeding the Bubble: Is the Next Crash Brewing?

SPIEGEL ONLINE - December 03, 2013

Central banks around the world are pumping trillions into the economy. The goal is to stimulate growth, but their actions are also driving up prices in the real estate and equities markets. The question is no longer whether there will be a crash, but when. By Martin Hesse and Anne Seith more... Comment ]

The Great Sell-Off: Milan Mired in Crisis of Money and Spirit

The Great Sell-Off: Milan Mired in Crisis of Money and Spirit

SPIEGEL ONLINE - November 26, 2013

The days when Milan could call itself a bastion of growth and progress in Italy seem to be gone. As the crisis swells the ranks of the poor, members of the city's business elite are jockeying for foreign investors while squabbling with courts over various legal entanglements. By Walter Mayr more... Comment ]

'Fat Cat' Backlash: Swiss Executive Pay Debate Gets Ugly

'Fat Cat' Backlash: Swiss Executive Pay Debate Gets Ugly

SPIEGEL ONLINE - November 22, 2013

Switzerland votes this weekend on whether to limit executives' pay at twelve times that of their lowest-paid worker. In the run up to the referendum, the issue has become a national talking point, with both sides stoking public resentments and fears. By Christian Teevs more... Comment ]

Top Economists Debate: The ECB's Controversial Euro Crisis Strategy

Top Economists Debate: The ECB's Controversial Euro Crisis Strategy

SPIEGEL ONLINE - November 20, 2013

In a joint interview, economists Marcel Fratzscher and Hans-Werner Sinn evaluate the ECB's policy of lowering interest rates and the euro-zone rescue strategy, and arrive at completely different conclusions. Fratzscher sees the ECB's strategy as the solution. Sinn sees it as part of the problem. By Alexander Neubacher and Michael Sauga more... Comment ]

Dirty Money: Will Singapore Clean Up Its Act?

Dirty Money: Will Singapore Clean Up Its Act?

SPIEGEL ONLINE - November 01, 2013

Singapore has become an increasingly popular haven for money laundering and tax evasion. But now it faces calls for reform and a difficult dilemma: Can it be both a home for fortune hunters and a bastion of integrity? By Martin Hesse more... Comment ]

Architect of Austerity: Schäuble's Search for a Way Forward

Architect of Austerity: Schäuble's Search for a Way Forward

SPIEGEL ONLINE - September 26, 2013

As Germany's Finance Minister, Wolfgang Schäuble is one of Europe's most influential politicians -- and one of its most hated. Many hold his austerity policies responsible for mass poverty and unemployment in the south. How does he know his decisions are right? By Ullrich Fichtner and Alexander Smoltczyk more... Comment ]

Dispute with ECB: European Parliament Delays Banking Union Vote

Dispute with ECB: European Parliament Delays Banking Union Vote

SPIEGEL ONLINE - September 10, 2013

The European Parliament has delayed an important vote on the euro zone banking union that will see the most important financial institutions placed under the supervisory of the European Central Bank. Members of parliament want greater ECB accountability. more... Comment ]