'An Anxious Continent': Walter Laqueur on Europe's Decline

'An Anxious Continent': Walter Laqueur on Europe's Decline

SPIEGEL ONLINE - July 26, 2013

British-American historian Walter Laqueur experienced the demise of the old Europe and the rise of the new. In a SPIEGEL interview, he shares his gloomy forecast for a European Union gripped by debt crisis. more... Comment ]

Complaints Against Rescue Fund: Germany's Top Court May Attach Strings to Euro Bailout

Complaints Against Rescue Fund: Germany's Top Court May Attach Strings to Euro Bailout

SPIEGEL ONLINE - June 13, 2011

Germany's top court will soon hear a complaint filed against the Greek bailout and euro rescue fund. A recent remark by the court's president suggests it may attach strings to its approval of the bailouts -- and thereby reinforce the country's reputation for obstructionism in the fight to save the euro. By Dietmar Hipp more...

Desperate Bid to Cut Deficit: Greek Privatization Plan Faces Massive Domestic Resistance

Desperate Bid to Cut Deficit: Greek Privatization Plan Faces Massive Domestic Resistance

SPIEGEL ONLINE - June 07, 2011

Greece is scrimping and saving, but still failing to get its debt crisis under control. The government plans to raise 50 billion euros through a privatization program, but faces massive resistance from Greeks worried about selling off the nation's assets. Experts also doubt whether the strategy will work. By Manfred Ertel in Athens more...

The Hidden Cost of Saving the Euro: ECB's Balance Sheet Contains Massive Risks

The Hidden Cost of Saving the Euro: ECB's Balance Sheet Contains Massive Risks

SPIEGEL ONLINE - May 24, 2011

While Europe is preoccupied with a possible restructuring of Greece's debt, huge risks lurk elsewhere -- in the balance sheet of the European Central Bank. The guardian of the single currency has taken on billions of euros worth of risky securities as collateral for loans to shore up the banks of struggling nations. By Matthias Brendel and Christoph Pauly more... Comment ]

European Disunion: Rising Self-Interest Frays EU Spirit

European Disunion: Rising Self-Interest Frays EU Spirit

SPIEGEL ONLINE - May 13, 2011

An unusual number of crises -- from the Fukushima disaster to the Arab Spring -- have challenged what used to be called the "European spirit." The euroskepticism sparked by the euro crisis has become an epidemic. Experts warn of a retreat to nationalism. By SPIEGEL Staff more... Comment ]

Risks of Economic Overheating: German Boom Fuels Inflation Angst

Risks of Economic Overheating: German Boom Fuels Inflation Angst

SPIEGEL ONLINE - May 03, 2011

The German economic boom is fuelling inflation, and prices are expected to keep rising because of Europe's one-size-fits-all monetary policy. The European Central Bank can't raise interest rates aggressively enough to curb German price pressures because that would hurt the weaker euro-zone economies. By Katrin Elger, Peter Müller and Christian Reiermann more... Comment ]

Super Mario: Europe's Next Top Banker May Be Italian

Super Mario: Europe's Next Top Banker May Be Italian

SPIEGEL ONLINE - February 23, 2011

Axel Weber has taken himself out of the running, and the candidate from Finland has also withdrawn: That leaves an Italian, Mario Draghi, in line to succeed Jean-Claude Trichet as head of the European Central Bank. A man from a deeply indebted EU nation may now be tasked with saving the euro. By Hans-Jürgen Schlamp more...

Competing Visions: France and Germany Split over Plans for European Economic Government

Competing Visions: France and Germany Split over Plans for European Economic Government

SPIEGEL ONLINE - January 03, 2011

Both France and Germany want an economic government for Europe. The only problem is they have completely different things in mind. The conflict threatens to derail any chances of progress. By Peter Müller and Michael Sauga more... Comment ]

Demanding the Mark Back: Opposition to the Euro Grows in Germany

Demanding the Mark Back: Opposition to the Euro Grows in Germany

SPIEGEL ONLINE - December 27, 2010

Surveys show that many Germans are worried about the future of the euro, but the country's political parties are not taking their fears seriously. The number of grassroots initiatives against the common currency is increasing, and political observers say a Tea Party-style anti-euro movement could do well. By Peter Müller more... Comment ]

Saving the Common Currency: Berlin Denies Plans for a New Euro Stability Fund

Saving the Common Currency: Berlin Denies Plans for a New Euro Stability Fund

SPIEGEL ONLINE - December 23, 2010

Is Germany working on a new stability fund for the European common currency? A report in a Munich daily on Thursday claimed that Berlin was working with several other European capitals on such a plan. The Finance Ministry, however, says it is not. The confusion is typical of the EU's response to the euro crisis. more...