SPIEGEL ONLINE
- May 24, 2012
With Greeks heading to the polls once again in June, finance ministries in euro-zone member states are preparing for the worst. Several media outlets are reporting that contingency plans are being developed to prepare for a Greek exit from the common currency zone. more...
SPIEGEL ONLINE
- May 23, 2012
In a SPIEGEL interview, Nobel Prize-winning economist Paul Krugman argues that this is not the time to worry about debt and inflation. To save the euro zone, he argues that the European Central Bank should loosen monetary policy and the German government should abandon austerity. more... [ Forum ]
SPIEGEL ONLINE
- May 21, 2012
The European Central Bank is keeping Greek banks afloat with emergency assistance even though urgently needed banking reforms have been put on hold in the election campaigns. As Greeks withdraw money from the banks amid fears of a euro exit, the ECB's own risk exposure is mounting. By Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- May 18, 2012
Following the downgrade of 16 Spanish banks by Moody's, the focus in the euro crisis is back on the banking sector. Greeks are withdrawing hundreds of millions from their accounts, with reports that the same is happening in Spain. Experts are calling on the European Central Bank to step in and prevent full-scale bank runs. By Stefan Kaiser more... [ Forum ]
SPIEGEL ONLINE
- May 14, 2012
In a SPIEGEL interview, Peter Bofinger, a prominent economic adviser to the German government, argues that the country could handle higher inflation. Rising prices in Europe's biggest economy could put crisis-stricken neighbors on the road to recovery, he says. more...
SPIEGEL ONLINE
- May 11, 2012
A comment by a top Bundesbank official that Germany may be prepared to tolerate slightly higher inflation has caused alarm in the country, where many still fear 1920s-style hyperinflation. While some German commentators stoke the flames of the debate, others say there is no need to panic. more... [ Forum ]
SPIEGEL ONLINE
- May 10, 2012
Germany's central bank has indicated it may tolerate higher inflation in Germany as the price of rebalancing economies within the euro zone. The move marks a major shift away from the Bundesbank's hardline approach on price stability. Economists have hailed the decision as a "breakthrough." more... [ Forum ]
SPIEGEL ONLINE
- May 08, 2012
There seems to be little chance of Greece's political parties being able to form a viable coalition government after voters punished the two main parties in Sunday's election. It's a worst case scenario for the country's European partners, whose whole approach to fighting the Greek debt crisis is now in question. By Julia Amalia Heyer in Athens more... [ Forum ]
SPIEGEL ONLINE
- May 07, 2012
As concerns about Spanish banks grow, leading economists are warning that Europe's banking system urgently needs to be overhauled, otherwise the entire monetary union could be in jeopardy. The continent's leaders missed their chance to reform the system in the wake of the 2008 financial crisis, and are now paying the price. By Martin Hesse, Christoph Pauly and Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- April 27, 2012
Be it austerity queen Angela Merkel or Socialist François Hollande, European politicians are suddenly in agreement with ECB President Mario Draghi's proposal to round out the European fiscal pact's austerity measures with a "growth pact." But many seem to have a different idea about what this means. By Stefan Kaiser more...
