Headwind for Merkel: Euro Zone Head Says Greece Needs More Aid

Headwind for Merkel: Euro Zone Head Says Greece Needs More Aid

SPIEGEL ONLINE - September 05, 2013

Chancellor Angela Merkel has said Greek finances will not be addressed until the end of next year. But Euro Group chief Jeroen Dijsselbloem on Thursday joined the chorus of voices saying Athens needs more help. more... Comment ]

Scion of Austerity: A Tall Order for New Greek Reform Minister

Scion of Austerity: A Tall Order for New Greek Reform Minister

SPIEGEL ONLINE - September 03, 2013

Kyriakos Mitsotakis has only been minister for administrative reform for a few weeks. But he is already under heavy pressure from the troika to reduce Greek spending. To show he means business, the ambitious son of an old political family will soon cut thousands of jobs. By Julia Amalia Heyer more... Comment ]

Schäuble's Honesty: Transparency Poses Risks in Euro Crisis

Schäuble's Honesty: Transparency Poses Risks in Euro Crisis

SPIEGEL ONLINE - August 28, 2013

German Finance Minister Wolfgang Schäuble has raised the possibility of a third bailout for Greece. Now many are calling for leaders to lay out all they know about the euro crisis. But total transparency carries serious risks. By David Böcking more... Comment ]

Bitter Euro Truths: Crisis Could Damage Merkel's Campaign

Bitter Euro Truths: Crisis Could Damage Merkel's Campaign

SPIEGEL ONLINE - August 27, 2013

Chancellor Angela Merkel has been forced to concede that Greece will require additional aid -- an admission that has dented her reputation as a crisis manager ahead of the election. But she still hasn't revealed the true scope of the costs facing Germany. By SPIEGEL Staff more... Comment ]

Aid Debate: Merkel Leaves Door Open to Greek Debt Cut

Aid Debate: Merkel Leaves Door Open to Greek Debt Cut

SPIEGEL ONLINE - August 26, 2013

German Chancellor Angela Merkel warned over the weekend that a debt cut for Greece could trigger a dangerous domino effect -- but she did not categorically rule one out. She's keeping all her options open in the euro crisis. By Christian Rickens more... Comment ]

Merkel's Conservatives Split on Greek Aid

Merkel's Conservatives Split on Greek Aid

SPIEGEL ONLINE - August 22, 2013

Chancellor Angela Merkel would like to have completely avoided the issue of Greek debt and the country's future this campaign season. But this week, Finance Minister Wolfgang Schäuble suggested that a new aid package would soon be necessary for the country. And suddenly, Merkel's Christian Democrats (CDU) find themselves in the middle of a flare-up with their Bavarian sister party, the Christian Social Union (CSU). By Charles Hawley more...

More Aid? Greece Funding May Come from EU Budget

More Aid? Greece Funding May Come from EU Budget

SPIEGEL ONLINE - August 21, 2013

Greece needs more aid, German Finance Minister Wolfgang Schäuble said on Tuesday, putting the euro crisis at the forefront of an otherwise languid election campaign. A news report on Wednesday indicates the aid might come from the EU budget. more... Comment ]

On the Upswing: Is Europe Finally Coming Out of Recession?

On the Upswing: Is Europe Finally Coming Out of Recession?

SPIEGEL ONLINE - August 14, 2013

It's the moment many have been waiting for. After a year and a half of stagnation, there is once again economic growth in the euro zone. Other indicators also point to upswing. Could this be the end of the long winter? By David Böcking more... Comment ]

People Power: Young Greeks Team Up to Combat Crisis 

People Power: Young Greeks Team Up to Combat Crisis 

SPIEGEL ONLINE - August 13, 2013

Young Greeks are combating the euro crisis by setting up self-help initiatives to provide free medical care, repair street lighting and monitor public spending. A new, unprecedented communal spirit is emerging to tackle the hardship of cutbacks and reforms. By Julia Amalia Heyer more... Comment ]

Greece in Need: New Bailout Expected after German Election

Greece in Need: New Bailout Expected after German Election

SPIEGEL ONLINE - August 12, 2013

Germany's central bank expects Greece to get a new bailout after the German election in September. In a report seen by SPIEGEL, it says the last aid payment was driven by 'political pressures' and calls Greece's progress on reforms 'hardly satisfactory.' more... Comment ]