SPIEGEL ONLINE
- February 02, 2012
Outgoing Deutsche Bank CEO Josef Ackermann presided over his final annual press conference on Thursday. His legacy will be that of transforming Germany's largest financial institution into a profit machine. But in the end, he lost control of the specters he unleashed. By Stefan Kaiser more...
SPIEGEL ONLINE
- January 16, 2012
Germany's second largest bank is looking at other options to increase its capital by 5.3 billion euros in order to avoid another government bailout. This week, the bank must submit plans to increase its capital to the European Banking Authority. more...
SPIEGEL ONLINE
- January 11, 2012
Angela Merkel and Nicolas Sarkozy are pressing forward with plans to introduce a financial transaction tax in the EU -- if necessary without Britain, home to Europe's largest financial center. Critics believe it will cause an exodus of the industry from the euro zone. But a closer look at the proposal suggests the worst wouldn't necessarily come true. By Stefan Kaiser more... [ Forum ]
SPIEGEL ONLINE
- January 02, 2012
The world continues to demand that Europe find a solution for its ongoing debt crisis. But in an interview with SPIEGEL, senior Bundesbank official Andreas Dombret says that American investors are being too impatient. He also demands that the UK do its part and reiterates his bank's position that the ECB should not become a lender of last resort. more...
SPIEGEL ONLINE
- October 31, 2011
German Finance Minister Wolfgang Schäuble said on Monday that the EU should launch a financial transactions tax on its own if the G-20 summit this week can't agree on such a levy. A draft communiqué obtained by SPIEGEL shows the G-20 plans far-reaching reforms of the global financial sector. more...
SPIEGEL ONLINE
- October 24, 2011
For the first time, the estimated 700 financial industry lobbyists working in Brussels can now expect to meet with some resistance. Though extremely outnumbered, the new organization Finance Watch is preparing to confront them head-on -- with a former industry insider at its helm. By Susanne Amann in Brussels more... [ Forum ]
SPIEGEL ONLINE
- October 17, 2011
In an interview with SPIEGEL, Sigmar Gabriel, the leader of the opposition center-left Social Democrats, outlines his plans to tame financial capitalism, warns that the supposed supremacy of banks and markets is eroding faith in politics and says the SPD would do a better job containing the crisis. more...
SPIEGEL ONLINE
- August 30, 2011
The head of Europe's banking watchdog has called for the euro rescue fund to provide direct aid to ailing banks to help calm markets. The head of the IMF made a similar demand, exposing an apparent rift with EU governments on how to handle the debt crisis. Berlin and the EU have rejected such changes. more...
SPIEGEL ONLINE
- June 03, 2011
In today's Europe, the people are no longer in control. Instead, politicians have become slaves to financial institutions and the markets. We are partly to blame -- and changes are urgently needed to nurse European democracy back to health. An Essay by Dirk Kurbjuweit more...
SPIEGEL ONLINE
- April 14, 2011
After the Latin American debt crisis in the 1980s, US regulators lied about the health of American banks until they were in a position to take a voluntary haircut on their bad loans. The Brady Plan holds important lessons for euro-zone governments looking for a way out of the current debt crisis. By Jacob Funk Kirkegaard more...
