Greek Leftist Leader Alexis Tsipras: 'It's in Europe's Interest to Lift the Austerity Diktat'

Greek Leftist Leader Alexis Tsipras: 'It's in Europe's Interest to Lift the Austerity Diktat'

SPIEGEL ONLINE - May 28, 2012

Alexis Tsipras, head of the leftist Syriza party, wants an end to austerity in Greece. Ahead of Greek general elections in mid-June, he speaks with SPIEGEL about the dangers his country poses to the euro, the failure of economization measures thus far and why Chancellor Angela Merkel would be to blame if the Greek economy collapses. more...

Greece and the Common Currency: Euro Zone Developing Grexit Contingency Plan

Greece and the Common Currency: Euro Zone Developing Grexit Contingency Plan

SPIEGEL ONLINE - May 24, 2012

With Greeks heading to the polls once again in June, finance ministries in euro-zone member states are preparing for the worst. Several media outlets are reporting that contingency plans are being developed to prepare for a Greek exit from the common currency zone. more...

France Dominates EU Summit: Hollande Steals the Show from Merkel

France Dominates EU Summit: Hollande Steals the Show from Merkel

SPIEGEL ONLINE - May 24, 2012

French President François Hollande managed to set the tone at his first EU summit with his proposal for euro bonds. It was the first such meeting in years that was not dominated by Chancellor Merkel. Hollande wanted to send the message that France will be more assertive in the future. By Carsten Volkery in Brussels more... Comment ]

Hollande and Growth: The French President's Moment of Truth

Hollande and Growth: The French President's Moment of Truth

SPIEGEL ONLINE - May 23, 2012

New French President François Hollande has been consistent in his demands for measures to stimulate economic growth in the European Union. But so far, Hollande has been vague about exactly what he wants. His moment of truth will arrive on Wednesday night. By Carsten Volkery in London more...

The World from Berlin: 'Hollande Is Provoking Merkel to the Utmost'

The World from Berlin: 'Hollande Is Provoking Merkel to the Utmost'

SPIEGEL ONLINE - May 21, 2012

French President François Hollande has reignited the debate over euro bonds ahead of this week's informal EU summit. Germany has repeated its opposition to jointly issued debt. German commentators are divided over the merits of euro bonds, but agree that Chancellor Merkel will have to make concessions. more... Comment ]

EU Summit on Wednesday: Hollande To Confront Merkel on Euro Bonds

EU Summit on Wednesday: Hollande To Confront Merkel on Euro Bonds

SPIEGEL ONLINE - May 21, 2012

French President François Hollande will put German Chancellor Angela Merkel under pressure at Wednesday's EU summit to agree to euro bonds, which she has so far strictly opposed. Italy and Britain are expected to back Hollande in a further sign that Merkel is increasingly isolated in Europe with her austerity plan for saving the euro. more...

Nick Clegg on the EU: 'We Are Condemned to Work with Each Other'

Nick Clegg on the EU: 'We Are Condemned to Work with Each Other'

SPIEGEL ONLINE - May 21, 2012

In a SPIEGEL interview, British Deputy Prime Minister Nick Clegg argues that the European Union has to stand together to fight the crisis. The euro zone needs a clear vision for its future, he argues, otherwise Europe will see a new wave of nationalism and xenophobia. more... Comment ]

Too Poor for Stimulus? Europe Eyes Shift from Austerity to Growth

Too Poor for Stimulus? Europe Eyes Shift from Austerity to Growth

SPIEGEL ONLINE - May 10, 2012

After two years of austerity, growth is suddenly back in fashion in Europe, following calls by the incoming French president, François Hollande, for measures to boost the economy. But the EU's planned "growth pact" is likely to be too small to help the crisis-hit countries of southern Europe. By Carsten Volkery more... Comment ]

French-German Relations: What a Hollande Victory Would Mean for Merkel

French-German Relations: What a Hollande Victory Would Mean for Merkel

SPIEGEL ONLINE - April 19, 2012

German Chancellor Merkel has made it clear that she would like to see French President Nicolas Sarkozy win a second term. Indeed, if his challenger François Hollande emerges victorious in the country's upcoming election, she could face isolation in Europe. But a Sarkozy re-election might be problematic, too. By Veit Medick and Severin Weiland more...

The Return of the Spanish Flu: Uncertainty about Spain Worries Euro Zone

The Return of the Spanish Flu: Uncertainty about Spain Worries Euro Zone

SPIEGEL ONLINE - April 12, 2012

The markets appeared to have forgotten about the euro crisis for a few weeks, but now uncertainty is returning, with yields rising again on Spanish and Italian government bonds. The effects of the ECB's massive cash injection are wearing off, and Spain's banks have already reportedly run out of the cheap cash they got from the central bank. By David Böcking more...