SPIEGEL ONLINE
- May 08, 2012
There seems to be little chance of Greece's political parties being able to form a viable coalition government after voters punished the two main parties in Sunday's election. It's a worst case scenario for the country's European partners, whose whole approach to fighting the Greek debt crisis is now in question. By Julia Amalia Heyer in Athens more... [ Forum ]
SPIEGEL ONLINE
- April 18, 2012
The European Union would like to see the International Monetary Fund provide billions in additional funds to help relieve the debt crisis. However, a number of emerging economies are resisting the plans, accusing the West of abusing its power within the organization and creating a "North Atlantic Monetary Fund". By Marc Hujer and Christian Reiermann more...
SPIEGEL ONLINE
- March 09, 2012
Greece on Friday averted default after a large majority of private creditors agreed to the country's historic debt haircut. The deal paves the way for a second EU bailout package to be disbursed to Athens. The country says it may now move to force creditors who are not participating to swap their bonds. more... [ Forum ]
SPIEGEL ONLINE
- February 27, 2012
At this weekend's meeting of finance ministers and central bankers of the world's 20 most important economies, the Europeans sought to convey the message that everything is under control in the euro crisis. If so, the rest of the world is asking, why don't they do more to help themselves? An Analysis by Sven Böll in Mexico City more... [ Forum ]
SPIEGEL ONLINE
- February 27, 2012
German Interior Minister Hans-Peter Friedrich has said that Greece would have better chances of economic recovery if it left the euro zone. He told SPIEGEL that Athens should be offered a deal it couldn't refuse, in order to encourage it to quit the currency union. more... [ Forum ]
SPIEGEL ONLINE
- February 23, 2012
Ahead of a meeting of G-20 finance ministers in Mexico City, Germany remains adamant in its opposition to an expansion of the permanent euro rescue fund. The IMF and European Commission are concerned that the current size of the European Stability Mechanism won't be enough to quiet markets. more... [ Forum ]
SPIEGEL ONLINE
- February 22, 2012
Will the new Greek bailout be enough to save the country from default? The ratings agency Fitch doesn't think so: It downgraded Athens on Wednesday, saying a bankruptcy was "highly likely." German commentators also feel Greece isn't out of the woods yet. more... [ Forum ]
SPIEGEL ONLINE
- February 21, 2012
Following marathon talks in Brussels, euro-zone finance ministers have agreed upon a second rescue package for Greece, worth 130 billion euros. The deal saves Athens from having to default in March. As part of the agreement, the private sector will take a 53.5 percent haircut on its holdings of Greek debt. more... [ Forum ]
SPIEGEL ONLINE
- February 13, 2012
The Greek parliament has passed an austerity package that clears the way for a 130-billion-euro EU/IMF rescue package intended to save Greece from default. Violent protests against the austerity measures took place in Athens and elsewhere, with at least 120 people injured. more... [ Forum ]
SPIEGEL ONLINE
- February 10, 2012
The European Union is demanding even greater sacrifices from Greece, despite the deal reached by politicians in Athens on Thursday. Facing more painful cuts, Greek citizens are back on the streets as resentment boils over. German commentators say it's time to finally face the truth. more... [ Forum ]
