Friday, May 24, 2013
International

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.

Stagnation Stress: German Exporters Expect Bleak Future

Stagnation Stress German Exporters Expect Bleak Future

SPIEGEL ONLINE - May 23, 2013

Companies in Germany that rely on exports are becoming increasingly concerned about the future of the country's economy, according to a new industry survey. The downturn in optimism is yet another indication that Europe may be in for a period of extended stagnation. more... Forum ]

BBC Poll: The World Doesn't Actually Hate Germany

BBC Poll The World Doesn't Actually Hate Germany

SPIEGEL ONLINE - May 23, 2013

German Chancellor Angela Merkel has been a favorite target of hatred in recent months as the euro crisis continues to make life difficult for Southern Europeans. But a new BBC poll has found that most people actually have a positive view of Germany. more... Forum ]

'Dealing with the Devil': The Thankless Task of Greece's Top Job-Cutter

'Dealing with the Devil' The Thankless Task of Greece's Top Job-Cutter

SPIEGEL ONLINE - May 23, 2013

Antonis Manitakis has the most thankless job in Greece. Tasked with slashing the grotesquely bloated public sector, he is hounded by troika officials, reviled by his countrymen and afraid of cutting too deep. By Manfred Ertel more... Forum ]

Gringos in the Slums: Expats Move In as Rio Favelas Improve

Gringos in the Slums Expats Move In as Rio Favelas Improve

SPIEGEL ONLINE - May 20, 2013

Now that the notorious drug gangs of Rio de Janiero's shanty towns have been driven out, the neighborhoods are attracting new residents from Southern Europe. Fleeing the euro crisis back home, the expats are contributing to a real estate boom in the favelas. By Jens Gluesing more... Forum ]

Jobless Youth: Europe's Hollow Efforts to Save a Lost Generation

Jobless Youth Europe's Hollow Efforts to Save a Lost Generation

SPIEGEL ONLINE - May 20, 2013

Europe is failing in the fight against youth unemployment. While the German government's efforts remain largely symbolic, Southern European leaders pander to older voters by defending the status quo. By SPIEGEL Staff more... Forum ]

Insufficient Efforts: Report Faults Cyprus on Money Laundering

Insufficient Efforts Report Faults Cyprus on Money Laundering

SPIEGEL ONLINE - May 17, 2013

A recent inquiry suggests that Cyprus isn't doing enough to combat money laundering, a precondition for obtaining a bailout package. The banks know little about their customers and are ill-equipped to identify suspicious transactions. more... Forum ]

Coveted Coves: Emir's Greek Isle Purchase Inspires Hope

Coveted Coves Emir's Greek Isle Purchase Inspires Hope

SPIEGEL ONLINE - May 17, 2013

Despite the country's crippling financial crisis, residents of the Greek island of Ithaca have found new hope after the Emir of Qatar bought a nearby island for his summer retreat. The purchase has sparked a rush on local real estate and could bring new development. By Manfred Ertel more... Forum ]

World from Berlin: 'Austerity Is Making European Economy Sicker'

World from Berlin 'Austerity Is Making European Economy Sicker'

SPIEGEL ONLINE - May 16, 2013

The European common currency zone has now been in recession for six straight quarters, with three of the bloc's four largest economies now suffering persistent negative growth. Could the Continent's pursuit of austerity be backfiring? German commentators believe the answer is yes. more... Forum ]

Coming to Germany: Spanish Workers Look for a Future in Bavaria

Coming to Germany Spanish Workers Look for a Future in Bavaria

SPIEGEL ONLINE - May 15, 2013

Youth unemployment in Spain is enormously high, yet some companies in Germany can't find the skilled labor they need. Now, a program in Bavaria is trying to kill two birds with one stone. It has been overwhelmed with applications and the first Spanish newcomers have begun arriving. By Andrew Bowen in Munich, Germany more... Forum ]

Battling the Crisis: Disunity Plagues EU Banking Union Talks

Battling the Crisis Disunity Plagues EU Banking Union Talks

SPIEGEL ONLINE - May 15, 2013

European leaders had hoped to quickly finalize plans for an EU banking union to regulate bank bailouts and provide a roadmap for unwinding insolvent financial institutions. But with the German election looming, Berlin is wary of moving forward. The result could be a lengthy delay. By Carsten Volkery more... Forum ]



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