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United Europe

The European Union has 28 member states, 17 of which are on the common currency. Founded through a string of treaties beginning in the 1950s, the EU has developed its own economic, political and legal policies. Taken as a whole, the EU is the world's largest economy.

A Game of Euro Chicken: Playing Until the Germans Lose Their Nerve

A Game of Euro Chicken: Playing Until the Germans Lose Their Nerve

SPIEGEL ONLINE - June 08, 2012

For Germany, being part of the European Union has always included an element of blackmail. France has been playing this card from the beginning, but now the Spanish and the Greeks have mastered the game. They're banking on Berlin losing its nerve. A commentary by Jan Fleischhauer more...

Tournament Hosts Dream Big: Young Poles and Ukrainians Have High Hopes for Euro 2012

Tournament Hosts Dream Big: Young Poles and Ukrainians Have High Hopes for Euro 2012

SPIEGEL ONLINE - June 08, 2012

As the 2012 European Football Championship kicks off, all eyes are on the event's co-hosts, Poland and Ukraine. It's the first such event to take place in Eastern Europe, and young Poles and Ukrainians alike hope it will help improve perceptions of their countries. SPIEGEL ONLINE spoke with them about patriotism, politics and the future. By Benjamin Bidder, André Eichhofer, Christina Hebel, Ireneus Schubial and Chris Kurt more...

Step by Step: Merkel Lowers Expectations for Quick Euro Fix

Step by Step: Merkel Lowers Expectations for Quick Euro Fix

SPIEGEL ONLINE - June 07, 2012

Both Britain and the US want to see Europe move quickly toward a solution to the euro crisis. But Chancellor Merkel prefers a more methodical approach. In comments on Thursday morning, she sought to lower expectations ahead of the European Union summit in late June. more...

When Sanctions Backfire: Syrian War Profiteers Cash In on Insurgency

When Sanctions Backfire: Syrian War Profiteers Cash In on Insurgency

SPIEGEL ONLINE - June 06, 2012

EU sanctions were designed to undermine rich businesspeople propping up the Assad regime in Syria. But they are actually helping entrepreneurs with close ties to the government. Syrian profiteers are cashing in by buying up real estate at bargain prices and selling natural gas and diesel. By Nadia Bitar in Damascus more...

Rising Currency Concerns: Berlin Wants Spain to Accept Bailout Money

Rising Currency Concerns: Berlin Wants Spain to Accept Bailout Money

SPIEGEL ONLINE - June 04, 2012

With Madrid struggling to recapitalize its struggling banking sector, Chancellor Angela Merkel is pressuring Spain to accept bailout money. Spanish premier Rajoy has thus far resisted the move, but with central banks in developing countries now rapidly reducing their euro holdings, the situation is becoming dire. more...

Growing Concern: World Bank Blasts Europe's Euro-Crisis Management

Growing Concern: World Bank Blasts Europe's Euro-Crisis Management

SPIEGEL ONLINE - June 01, 2012

Is the euro entering the end game? With Spanish banks on the brink and the Greek political situation uncertain, many senior economic leaders say that the time for drastic action is swiftly approaching. On Friday, World Bank head Robert Zoellick argued that it is almost time to "break the glass" on the emergency alarm. more...

Greek Leftist Leader Alexis Tsipras: 'It's in Europe's Interest to Lift the Austerity Diktat'

Greek Leftist Leader Alexis Tsipras: 'It's in Europe's Interest to Lift the Austerity Diktat'

SPIEGEL ONLINE - May 28, 2012

Alexis Tsipras, head of the leftist Syriza party, wants an end to austerity in Greece. Ahead of Greek general elections in mid-June, he speaks with SPIEGEL about the dangers his country poses to the euro, the failure of economization measures thus far and why Chancellor Angela Merkel would be to blame if the Greek economy collapses. more...

Six-Point Growth Plan: Berlin Proposes European Special Economic Zones

Six-Point Growth Plan: Berlin Proposes European Special Economic Zones

SPIEGEL ONLINE - May 25, 2012

With Europe beginning to look for alternatives to its exclusive focus on austerity, the German government has developed a six-point plan to foster economic growth in Europe, SPIEGEL has learned. Included in the proposal is the creation of special economic zones in struggling euro-zone countries. more... Comment ]

France Dominates EU Summit: Hollande Steals the Show from Merkel

France Dominates EU Summit: Hollande Steals the Show from Merkel

SPIEGEL ONLINE - May 24, 2012

French President François Hollande managed to set the tone at his first EU summit with his proposal for euro bonds. It was the first such meeting in years that was not dominated by Chancellor Merkel. Hollande wanted to send the message that France will be more assertive in the future. By Carsten Volkery in Brussels more... Comment ]

Hollande and Growth: The French President's Moment of Truth

Hollande and Growth: The French President's Moment of Truth

SPIEGEL ONLINE - May 23, 2012

New French President François Hollande has been consistent in his demands for measures to stimulate economic growth in the European Union. But so far, Hollande has been vague about exactly what he wants. His moment of truth will arrive on Wednesday night. By Carsten Volkery in London more...