Monday, May 20, 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.

Crisis Lifting: Cosmetic Surgeries Skyrocket in Greece

Crisis Lifting Cosmetic Surgeries Skyrocket in Greece

SPIEGEL ONLINE - 08.05.2013

The economic crisis has forced thousands in Greece to rely on volunteers for even basic health care services. Meanwhile, wealthier Greeks are having more facelifts and breast implants than anywhere in the world. Why? By Kerstin Kullmann more... Forum ]

German Euro-Skeptic Party Gaining Ground

German Euro-Skeptic Party Gaining Ground

SPIEGEL ONLINE - 07.05.2013

The anti-euro party "Alternative for Germany" (AfD) was officially founded just a few weeks ago, but it has clearly struck a nerve: It already numbers 10,476 members, SPIEGEL has learned -- some 2,800 of which have switched allegiance from Germany's established parties. By Jane Paulick more...

Combatting the Crisis: ECB Cuts Interest Rates to Record Low

Combatting the Crisis ECB Cuts Interest Rates to Record Low

SPIEGEL ONLINE - 02.05.2013

The European Central Bank cut interest rates on Thursday to a record low of 0.5 percent in an effort to combat the deepening recession across the euro zone. more... Forum ]

Divided Cyprus: Banking Crisis Awakens Hopes for Reconciliation

Divided Cyprus Banking Crisis Awakens Hopes for Reconciliation

SPIEGEL ONLINE - 01.05.2013

The Greek half of Cyprus has been hard-hit by the banking crisis -- and now hopes are growing in the Turkish north for reconciliation. If the two populations could resolve their dispute, they could likely access large natural gas reserves estimated to be worth hundreds of billions of euros. By Ulrike Putz in Gemikonagi more... Forum ]

EU Parliament President: French Criticism of Merkel 'Unfair'

EU Parliament President French Criticism of Merkel 'Unfair'

SPIEGEL ONLINE - 30.04.2013

European Parliament President Martin Schulz shielded German Chancellor Angela Merkel from French criticism on Monday evening, saying she couldn't be held responsible for all the bloc's economic woes because 26 other leaders are also involved in decision-making. more...

World From Berlin: Italy's New Cabinet Gives Rise to 'Skeptical Hope'

World From Berlin Italy's New Cabinet Gives Rise to 'Skeptical Hope'

SPIEGEL ONLINE - 29.04.2013

Italy's new left-right government, sworn in on Sunday, is younger than previous cabinets, has more women and contains a mix of technocrats and politicians. It's a promising start, write German commentators. But they note that it faces huge pressures, and will need to deliver results quickly. more...

EU Social Affairs Commissioner: 'Wages in Germany Must Increase'

EU Social Affairs Commissioner 'Wages in Germany Must Increase'

SPIEGEL ONLINE - 29.04.2013

Wages in Germany must increase and the government should establish a nationwide minimum wage, says EU Social Affairs Commissioner László Andor. In an interview with a German daily, he calls for a radical change in policy in the euro crisis and argues for a shift away from the country's export model. more... Forum ]

Lithuanian President: 'Brussels Was Target Before, Now It's Merkel'

Lithuanian President 'Brussels Was Target Before, Now It's Merkel'

SPIEGEL ONLINE - 26.04.2013

The Baltic countries have already moved on from their debt crisis, and are exhibiting healthy growth. In an interview with SPIEGEL ONLINE, Lithuania's President Dalia Grybauskaite explains that austerity is merely a question of political will -- and why her country wants to join the euro zone despite the crisis. more... Forum ]

EU Austerity Dispute: How Barroso Let His Opinion Slip

EU Austerity Dispute How Barroso Let His Opinion Slip

SPIEGEL ONLINE - 24.04.2013

European Commission President Barroso has mostly stayed in the background in the euro crisis, but his assertion this week that austerity has "reached its limits" caused quite a stir. It was an unusually opinionated statement -- and one that came after the Portuguese official's national pride was questioned. By David Böcking more... Forum ]

Time for Growth: Austerity Has 'Reached its Limits,' Barroso Says

Time for Growth Austerity Has 'Reached its Limits,' Barroso Says

SPIEGEL ONLINE - 23.04.2013

European Commission President José Manuel Barroso has said that Europe has reached the political limits of its austerity measures, suggesting that crisis countries should get more time to consolidate their budgets. But Germany warned against changing course on Tuesday. more... Forum ]



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