SPIEGEL ONLINE
- April 19, 2013
Germans are more prosperous than a recent ECB survey indicates, Chancellor Angela Merkel insists. With a number of caveats distorting its results, the controversial report did not factor in the country's generous social policy, she says. more...
SPIEGEL ONLINE
- June 20, 2011
When the euro crisis started in Greece in October 2009, nobody had any idea how quickly or broadly it would spread -- or how difficult it would be to solve. Below, some key dates in this still-unfolding saga. more...
SPIEGEL ONLINE
- June 07, 2011
Greece is scrimping and saving, but still failing to get its debt crisis under control. The government plans to raise 50 billion euros through a privatization program, but faces massive resistance from Greeks worried about selling off the nation's assets. Experts also doubt whether the strategy will work. By Manfred Ertel in Athens more...
SPIEGEL ONLINE
- January 24, 2011
Despite public denials, euro zone governments are currently working on a proposal to relieve Greek bond debt. The proposal has a number of advantages for all countries involved, but it also entails risks that may be insurmountable. Some believe regulatory pressure will be required to force banks to take voluntary losses on their loans to Athens. By Peter Müller and Christian Reiermann more... [ Forum ]
SPIEGEL ONLINE
- January 11, 2011
Europe, says star economist Nouriel Roubini, needs to take immediate action to shore up the euro. In an interview with SPIEGEL, Roubini said Germany must provide more money to defend the common currency and allow the European Central Bank to loosen monetary policy. Otherwise, disaster could be looming. more... [ Forum ]
SPIEGEL ONLINE
- December 20, 2010
European leaders proudly announced agreement last week in efforts to save the euro. But Pimco, the world's leading investor in sovereign bonds, says that the measures are not enough. Some countries may have to temporarily leave the common currency union. more...
SPIEGEL ONLINE
- December 20, 2010
Germany's controversial approach to fighting the euro crisis has split the European Union. Some countries are complaining about Berlin's rigid course, while others accuse Chancellor Merkel of betraying the European project. The only thing they can agree on is that the EU needs Germany as a motor if it is to survive. By SPIEGEL Staff
more... [ Forum ]
SPIEGEL ONLINE
- December 16, 2010
All eyes are on Brussels this Thursday as European leaders gather to discuss ways to solve the ongoing euro crisis. So far, though, German Chancellor Angela Merkel has proven unwilling to consider measures that may require additional German funds. Others in the EU are getting anxious. By Charles Hawley more...
SPIEGEL ONLINE
- December 15, 2010
Greece was hit by violent protests and a general strike on Wednesday and workers also demonstrated in other EU nations ahead of a summit on the euro. Merkel, under fire for her handling of the crisis, repeated her tough stance as Luxembourg's foreign minister accused Berlin and Paris of "arrogance." more...
SPIEGEL ONLINE
- December 08, 2010
Germany has resisted calls for a joint Euro-Bond to help the euro zone's weaker members, but the chairman of the euro zone finance ministers says they need to study his proposal. Merkel's spokesman says they have. more...
