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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.

Opinion: It's Time To Compromise on Greece

Opinion: It's Time To Compromise on Greece

SPIEGEL ONLINE - February 02, 2015

Syriza's victory in Greece makes it clearer than ever that a new approach is needed in Europe. Chancellor Merkel, in particular, must show flexibility in the search for compromise with Greek Prime Minister Tsipras. If they can't agree, Europe is in trouble. By Dirk Kurbjuweit more... Comment ]

Greece's New Economics Minister: 'Europe Doesn't Need To Be Afraid'

Greece's New Economics Minister: 'Europe Doesn't Need To Be Afraid'

SPIEGEL ONLINE - February 02, 2015

Greece wants to remain in the euro zone, but Athens wishes to renegotiate everything relating to the current austerity regime. SPIEGEL spoke with Economics Minister Giorgios Stathakis about how the new government intends to address that challenge. Interview by Manfred Ertel more... Comment ]

Merkel's Unintended Creation: Could Tsipras' Win Upset Balance of Power in Europe?

Merkel's Unintended Creation: Could Tsipras' Win Upset Balance of Power in Europe?

SPIEGEL ONLINE - January 30, 2015

Greek election victor Alexis Tsipras wants an entirely different Europe from the one envisioned by Angela Merkel. His success is likely to stoke anger over Germany's EU dominance. Leaders in France and Italy are also hoping for an end to austerity. By SPIEGEL Staff more... Comment ]

Draghi's Dangerous Bet: The Perils of a Weak Euro

Draghi's Dangerous Bet: The Perils of a Weak Euro

SPIEGEL ONLINE - January 28, 2015

The recent decision by the European Central Bank to open the monetary floodgates has weakened the euro and is boosting the German economy. But the move increases the threat of turbulence on the financial markets and could trigger a currency war. By SPIEGEL Staff more... Comment ]

Free Trade Faults: Europeans Fear Wave of Litigation from US Firms

Free Trade Faults: Europeans Fear Wave of Litigation from US Firms

SPIEGEL ONLINE - January 26, 2015

With broad public resistance and a European Parliament majority against it, EU officials are rethinking their positions on the proposed free-trade agreement with Washington. Many fear investor protection rules will wreak havoc on national laws. By Christoph Pauly more... Comment ]

Operation Helicopter: Could Free Money Help the Euro Zone?

Operation Helicopter: Could Free Money Help the Euro Zone?

SPIEGEL ONLINE - January 06, 2015

Fears that the euro zone is heading for deflation refuse to abate. Now, many economists are demanding that the European Central Bank hand out money to consumers to stimulate the economy. But would it work? By Anne Seith more... Comment ]

Greek Roulette: What Would Syriza's Victory Mean for Europe?

Greek Roulette: What Would Syriza's Victory Mean for Europe?

SPIEGEL ONLINE - January 05, 2015

Greek Syriza leader Alexis Tsipras has many observers across Europe scratching their heads. What does the head of the radical left party, who may become Greece's next prime minister, really want -the euro or the drachma? By Manfred Ertel and Christoph Schult more... Comment ]

Grexit Grumblings: Germany Open to Possible Greek Euro Zone Exit

Grexit Grumblings: Germany Open to Possible Greek Euro Zone Exit

SPIEGEL ONLINE - January 05, 2015

There was a time when Germany feared the consequences were Greece to leave the euro zone. Now, though, with Greek elections approaching, Chancellor Angela Merkel is willing to accept a "Grexit" should a new leftist government in Athens demand concessions. By Nikolaus Blome, Giorgos Christides, Christian Reiermann and Gregor Peter Schmitz more... Comment ]

Reforming France: Emmanuel Macron's Impossible Mission

Reforming France: Emmanuel Macron's Impossible Mission

SPIEGEL ONLINE - December 10, 2014

Thirty-six year old Economics Minister Emmanuel Macron has been tasked by French President Hollande with reforming the country. But it won't be easy. Socialists view him with suspicion and the party's left wing is already preparing for battle. By Julia Amalia Heyer more... Comment ]

The Greek Patient: Europe Debates Third Bailout Package for Athens

The Greek Patient: Europe Debates Third Bailout Package for Athens

SPIEGEL ONLINE - December 01, 2014

Greece wants to shed the shackles of the troika, but it still hasn't fulfilled the requirements to do so. Despite this, Athens' European partners want to provide additional aid to ensure that the Greek patient makes a complete fiscal and economic recovery. By Christoph Pauly, Christian Reiermann and Christoph Schult more... Comment ]