SPIEGEL ONLINE
- May 24, 2012
Many of the illegal immigrants in the EU arrive via Greece, which is overwhelmed by the flood of incomers. The would-be migrants are ruthlessly exploited by people smugglers, and many of them die in the attempt to get to Europe. SPIEGEL heard the stories of a group of young Bangladeshi men who made it to Athens -- and discovered the reality behind the dream. By Andreas Ulrich in Nea Vyssa, Greece more... [ Forum ]
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
For the first time in history, Germany issued long term bonds with a zero percent coupon rate on Wednesday. The demand reveals the deep concerns investors have about the euro zone and their desire for a safe place to park their capital -- even if it costs them money to do so. more...
SPIEGEL ONLINE
- May 22, 2012
Charismatic, eloquent and defiant, the leader of Greece's Radical Left party, Alexis Tsipras, visited Berlin on Tuesday to ram home the message that he will scrap austerity if he wins the June election, and that no one, not even mighty Germany, has the right to evict Greece from the currency. By David Crossland more...
SPIEGEL ONLINE
- May 21, 2012
Greece's tourism industry, crucial to its ailing economy, has been hit hard by the political turmoil following the May 6 election and growing speculation of a Greek euro exit, tourism experts say. One industry leader reports bookings have been down 50 percent since the vote. more...
SPIEGEL ONLINE
- May 21, 2012
Greeks have spurned the politicians who represent the country's broken system, and many are now following rising star Alexis Tsipras. The radical left-wing politician has pledged to free Greece from painful austerity measures while keeping the euro, but no one knows how he plans to fulfill his promises. By Julia Amalia Heyer 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 21, 2012
Officially, euro zone governments say they're not talking about a Greek exit from the euro zone. But it's a different story behind closed doors. Finance ministers meeting in Brussels last Monday threatened to evict Greece, SPIEGEL has learned. Meanwhile, Germany denied reports that Chancellor Angela Merkel called for Greece to hold a referendum on the euro. more...
SPIEGEL ONLINE
- May 16, 2012
Greece is on the verge of economic collapse and yet the country's left wants to jettison austerity measures. Would this leave any alternative other than exiting the euro? SPIEGEL ONLINE invited the leader of Greece's pro-business Drasi party and an anti-austerity Syriza parliamentarian to debate the issues. more...
SPIEGEL ONLINE
- May 16, 2012
Unable to create a government after nine days of negotiations, Greeks are slated to head back to the polls in June for a second attempt. In Germany, editorialists almost universally share the view that the new election will be a de facto referendum on whether the country should remain in the euro zone. more...
SPIEGEL ONLINE
- May 16, 2012
A group of left-wing extremists in Germany has claimed responsibility for an arson attack aimed at the EU task force leader for Greece. His efforts to implement painful reforms there are unwanted, said the group, which has also threatened further attacks. more...
