Saturday, May 26, 2012
International

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.

Six-Point Growth Plan: Berlin Proposes European Special Economic Zones

Six-Point Growth Plan Berlin Proposes European Special Economic Zones

SPIEGEL ONLINE - May 25, 2012

With Europe beginning to look for alternatives to its exclusive focus on austerity, the German government has developed a six-point plan to foster economic growth in Europe, SPIEGEL has learned. Included in the proposal is the creation of special economic zones in struggling euro-zone countries. more... Forum ]

Bankia Bailout: Spain Struggles to Control Escalating Bank Crisis

Bankia Bailout Spain Struggles to Control Escalating Bank Crisis

SPIEGEL ONLINE - May 11, 2012

This week's move by Spain to nationalize the country's fourth-largest bank almost overnight is just the latest in a financial sector crisis that has been growing since the Spanish real estate bubble burst. It is likely to increase calls for Madrid to accept financial aid from its European partners. By David Böcking more... Forum ]

$202 Million Deal: Deutsche Bank Settles Lawsuit with the US

$202 Million Deal Deutsche Bank Settles Lawsuit with the US

SPIEGEL ONLINE - May 11, 2012

Deutsche Bank has settled a legal dispute with the US Justice Department for $202 million as part of Josef Ackermann's attempts to clean house before his stint as CEO ends next month. US officials had sued a Deutsche Bank subsidiary for knowingly violating mortgage regulations. more...

Spain's Credit Crunch: Euro Group Considers Direct Aid for Banks

Spain's Credit Crunch Euro Group Considers Direct Aid for Banks

SPIEGEL ONLINE - April 26, 2012

The banking crisis in Spain has countries across Europe in a deep state of worry. A German newspaper is now reporting that the European Central Bank and a number of euro-zone countries would like to change the euro bailout fund in order to permit it to lend money directly to financial institutions in the throes of the crisis. Germany, however, is strictly opposed to the idea. more...

SPIEGEL Interview with Tomas Sedlacek: 'Greed is the Beginning of Everything'

SPIEGEL Interview with Tomas Sedlacek 'Greed is the Beginning of Everything'

SPIEGEL ONLINE - March 23, 2012

In a SPIEGEL interview, Czech economist Tomas Sedlacek discusses morality in the current crisis and why he believes an economic policy that only pursues growth will always lead to debt. Those who don't know how to handle it, he argues, end up in a medieval debtor's prison, as the Greeks are experiencing today.   more... Forum ]

'We Need To Learn from Germany': How the German Economy Became a Model

'We Need To Learn from Germany' How the German Economy Became a Model

SPIEGEL ONLINE - March 21, 2012

It wasn't so long ago that many viewed Germany's economic model as outdated and the country as the "sick man of Europe." These days, however, even the Americans have come to praise parts of it, though they still doubt whether they would be able -- or willing -- to adopt it wholesale. By Thomas Schulz in New York more...

Ackermann's Swan Song: Deutsche Bank Moves Toward an Uncertain Future

Ackermann's Swan Song Deutsche Bank Moves Toward an Uncertain Future

SPIEGEL ONLINE - February 02, 2012

Outgoing Deutsche Bank CEO Josef Ackermann presided over his final annual press conference on Thursday. His legacy will be that of transforming Germany's largest financial institution into a profit machine. But in the end, he lost control of the specters he unleashed. By Stefan Kaiser more...

SPIEGEL Interview with Francis Fukuyama: 'Where Is the Uprising from the Left?'

SPIEGEL Interview with Francis Fukuyama 'Where Is the Uprising from the Left?'

SPIEGEL ONLINE - February 01, 2012

Political scientist Francis Fukuyama was once the darling of American neo-conservatives. In a SPIEGEL interview, the author of "The End of History" explains why he now believes that the excesses of capitalism are a threat to democracy and asks why there is no "Tea Party on the left." more... Forum ]

Litigation Risks: Deutsche Bank Faces a Series of Damaging Lawsuits

Litigation Risks Deutsche Bank Faces a Series of Damaging Lawsuits

SPIEGEL ONLINE - January 30, 2012

The transition of power at Germany's largest bank is being overshadowed by the fallout from dubious deals in the US made at a time when incoming co-CEO Anshu Jain was head of investment banking. The bank faces a number of lawsuits, and the compensation claims are so large that regulators have asked Deutsche Bank to quantify them. more...

UN Food and Agricultural Chief: 'Speculation Is an Important Cause of High Prices'

UN Food and Agricultural Chief 'Speculation Is an Important Cause of High Prices'

SPIEGEL ONLINE - January 16, 2012

In a SPIEGEL interview, José Graziano da Silva, 62, the new head of the United Nations aid organization FAO, discusses his plans to combat hunger as well as his efforts to limit speculation and the impact it has on dramatically fluctuating food prices. more... Forum ]


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