DPA

Endangered Currency

First Greece -- then Ireland, Italy, Spain and Portugal: The European common currency has come under pressure from large national debts and the effects of the global financial crisis, ultimately requiring a rescue package close to a trillion euros.

Finance Minister Olaf Scholz: 'Germany Has a Special Responsibility'

Finance Minister Olaf Scholz: 'Germany Has a Special Responsibility'

SPIEGEL ONLINE - June 08, 2018

In a DER SPIEGEL interview, German Finance Minister Olaf Scholz, 59, says its time for a Europe-wide unemployment insurance system and to resuscitate the financial transaction tax. Italy, he says, will fall into line. An Interview by Christian Reiermann and Michael Sauga more... Comment ]

Fixing the Euro: The Time to Act Is Now

Fixing the Euro: The Time to Act Is Now

SPIEGEL ONLINE - June 06, 2018

Italy can only manage its current crisis with German help. And Germany needs Italy to keep Europe stable. While there is no simple solution, a new form of assistance could help. An Essay by Henrik Enderlein more... Comment ]


Apocalypse Angie: Merkel's Dark View of the World We Live In

Apocalypse Angie: Merkel's Dark View of the World We Live In

SPIEGEL ONLINE - June 05, 2018

German Chancellor Angela Merkel is watching with deep concern as the pillars of the postwar international order collapse. But what is she doing about it? By René Pfister more... Comment ]

Crisis Redux: Italy Sends a Jolt Through Europe

Crisis Redux: Italy Sends a Jolt Through Europe

SPIEGEL ONLINE - June 01, 2018

Euro-skeptic Italian populists are posing a serious threat to the European Union. Following the drama over Greece and Brexit, the political situation in Rome could throw Europe into its next major existential crisis. By DER SPIEGEL Staff more... Comment ]


ECB Vice President Constâncio: 'Italy Knows the Rules'

ECB Vice President Constâncio: 'Italy Knows the Rules'

SPIEGEL ONLINE - May 29, 2018

In an interview, outgoing European Central Bank Vice President Vítor Constâncio issues a timely reminder that ECB assistance is tied to conditions, but insists the eurozone is in good shape despite the problems in Italy. Interview Conducted by Henning Jauernig and Stefan Kaiser more... Comment ]

The Macron Dilemma: Why Merkel Must Act on Paris' Eurozone Reform Proposals

The Macron Dilemma: Why Merkel Must Act on Paris' Eurozone Reform Proposals

SPIEGEL ONLINE - April 27, 2018

Germany has been sitting on eurozone-reform proposals from French President Emmanuel Macron for months. If Berlin doesn't act soon, a historical opportunity may go to waste. And that could spell doom for the common currency. A DER SPIEGEL Editorial by Michael Sauga more... Comment ]


Interview with Dutch Prime Minister Rutte on Eurozone Reforms: 'We Won't Simply Rubberstamp Everything'

Interview with Dutch Prime Minister Rutte on Eurozone Reforms: 'We Won't Simply Rubberstamp Everything'

SPIEGEL ONLINE - March 19, 2018

All eyes have been on Germany and France recently when it comes to reforming the European common currency. But in an interview with DER SPIEGEL, Dutch Prime Minister Mark Rutte, 51, says that the Netherlands should not be ignored. Interview Conducted by Peter Müller and Christian Reiermann more... Comment ]

A Shrinking Giant: EU Worries Grow over U.S. Economic Chaos

A Shrinking Giant: EU Worries Grow over U.S. Economic Chaos

SPIEGEL ONLINE - September 11, 2017

Under Donald Trump's leadership, the U.S. is in the process of forfeiting its position of economic supremacy. An internal EU document shows that the Europeans are worried. By Christian Reiermann more... Comment ]


Misguided Euro Skepticism: The Dangerous Nationalism of Europe's Left

Misguided Euro Skepticism: The Dangerous Nationalism of Europe's Left

SPIEGEL ONLINE - June 16, 2017

Rather than embracing euroskeptics on the populist right, Europe's leftists should throw their support behind center-left French President Macron's policies to create a stronger eurozone. The alternative is a splintered left and stronger right. An Essay By Michael Sauga more... Comment ]

The Charm Wears Off: Tsipras Caught Between EU and Voter Demands

The Charm Wears Off: Tsipras Caught Between EU and Voter Demands

SPIEGEL ONLINE - November 01, 2016

When he got elected nearly two years ago, Greek Prime Minister Alexis Tsipras promised to stand up to the EU's austerity demands and restore his country's dignity. His failure to deliver risks plunging the country into a new political crisis. By Giorgos Christides and Katrin Kuntz more... Comment ]