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.

The Rise of the Fearmongers: Germany's New Euroskeptic Elite

The Rise of the Fearmongers: Germany's New Euroskeptic Elite

SPIEGEL ONLINE - June 19, 2013

Many Germans believe it is time to abandon the euro. They're part of a growing movement spurred by influential populists from the worlds of business and academia. Their arguments stoke fear but offer no clear alternatives. By Stefan Willeke more... Comment ]

Letter from Nicosia: Cyprus Says It Needs More Help from EU

Letter from Nicosia: Cyprus Says It Needs More Help from EU

SPIEGEL ONLINE - June 19, 2013

In a letter to euro-zone leaders, Cypriot President Nicos Anastasiades has asked that the bailout package for his country be revisited. The effects on the island nation's economy have been much greater than expected, he writes. EU leaders are "puzzled." more... Comment ]

Broadcaster Fight: Greek Government Barely Avoids Collapse

Broadcaster Fight: Greek Government Barely Avoids Collapse

SPIEGEL ONLINE - June 18, 2013

Greek Prime Minister Antonis Samaras almost fell over his decision last week to shut down public broadcaster ERT. But on Monday night, an unexpected court ruling helped him stay in power. How long will the peace last? By Georgios Christidis in Thessaloniki more... Comment ]

Crisis Migration: Italian Start-Ups Flock to Berlin

Crisis Migration: Italian Start-Ups Flock to Berlin

SPIEGEL ONLINE - June 14, 2013

With the economy at home in the doldrums, entrepreneurs from Italy have been flocking to Berlin recently. The job opportunities are plentiful and there is a growing Italian community within Germany's vibrant high-tech start-up scene. By Sophie Arts more... Comment ]

Adiós Alemania : Many Immigrants Leave Germany within a Year

Adiós Alemania : Many Immigrants Leave Germany within a Year

SPIEGEL ONLINE - June 13, 2013

Is Germany a dreamland for immigrants? Not entirely. According to a new OECD study, more than half the Greeks and Spaniards who come to Germany leave within a year. By Sarah Sommer more... Comment ]

Crisis Course: High Court Skeptical of ECB Bond Buys

Crisis Course: High Court Skeptical of ECB Bond Buys

SPIEGEL ONLINE - June 12, 2013

Germany's high court on Tuesday made clear that it was skeptical of the ECB's program to buy unlimited quantities of sovereign bonds from struggling euro-zone member states. It could strike down the most successful tool in combating the crisis. By Stefan Kaiser in Karlsruhe, Germany more... Comment ]

Decisive Days for Euro: High Court Considers ECB Bond Buys

Decisive Days for Euro: High Court Considers ECB Bond Buys

SPIEGEL ONLINE - June 10, 2013

Germany's highest court is currently reviewing the European Central Bank's controversial bond-buying program to shore up euro-zone crisis countries. A decision in Karlsruhe could determine the common currency's fate. By Melanie Amann, Thomas Darnstädt and Dietmar Hipp more... Comment ]

'Notable Failures': IMF Admits Major Mistakes on Greek Bailout

'Notable Failures': IMF Admits Major Mistakes on Greek Bailout

SPIEGEL ONLINE - June 06, 2013

The International Monetary Fund conceded on Wednesday that it lowered its own standards on the Greek bailout, underestimating the effects of austerity and making overly optimistic projections for Greece's economy. more... Comment ]

Tourism Worries: Greece Seeks to Slow Public Sector Layoffs

Tourism Worries: Greece Seeks to Slow Public Sector Layoffs

SPIEGEL ONLINE - June 05, 2013

Huge protests, massive strikes and tear gas: That is the horror scenario that is driving the Greek government to ask for more time to lay off thousands of public sector workers. Athens doesn't want to scare away tourists in the summer season. By Georgios Christidis in Thessaloniki more... Comment ]

Merkel Maligned: IMF Board Attacks Euro Crisis Management

Merkel Maligned: IMF Board Attacks Euro Crisis Management

SPIEGEL ONLINE - June 03, 2013

The EU's bailout of Cyprus has elicited unusually frank and vehement criticism from the finance experts grouped in the IMF's Executive Board. Their damning indictment at an IMF meeting in May reflects global skepticism, especially in emerging economies, about the euro zone's crisis management.  By Markus Dettmer and Christian Reiermann more... Comment ]

Angela Merkel on Europe: 'We Are All in the Same Boat'

Angela Merkel on Europe: 'We Are All in the Same Boat'

SPIEGEL ONLINE - June 03, 2013

In a SPIEGEL interview, Chancellor Angela Merkel discusses Germany's power in the euro crisis and explains why the country exports weapons to authoritarian regimes like Saudi Arabia. more... Comment ]



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