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
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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
- November 30, 2010
Europe is celebrating its new masterplan to shore up the euro -- a debt rescheduling mechansim that forces private sector creditors to write down government debt in some cases. Analysts say the system is overdue but won't solve the current crisis. By Stefan Schultz more... [ Forum ]
SPIEGEL ONLINE
- November 30, 2010
Portugal's central bank fanned concerns about the country's financial stability on Tuesday by warning that austerity measures put in place were likely to hit banks' bottom lines. The institution also believes that bank borrowing from the European Central Bank is unsustainable. more...
SPIEGEL ONLINE
- November 29, 2010
Europe is discussing the horror scenario of a break-up of the euro zone. At present, that still seems unlikely, but experts are alarmed. A comeback of national currencies would be fatal -- especially for Germany. By Jens Witte more...
SPIEGEL ONLINE
- November 22, 2010
The countries of the euro zone are hopelessly divided over the question of how to save the currency in the long term. Bailouts for individual countries like Ireland and Greece can only be a temporary solution. Meanwhile, an internal paper drawn up by the German government has revealed Berlin's plans for forcing private-sector investors to take their share of losses in future crises. By SPIEGEL Staff
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SPIEGEL ONLINE
- October 28, 2010
It's evoking bitter memories of the Greek crisis. Once again, Angela Merkel is portraying herself as a true champion of a stable euro. Now the resolute chancellor will have to deliver at the European Union summit. In the wake of the German-French "Deauville Deal," though, she could face an embarrassing setback. more...
SPIEGEL ONLINE
- July 09, 2010
Spain is in the grips of football fever -- a welcome distraction from the dire economic reality facing the country. The euphoria can do little to mitigate the appalling consequences of a real estate collapse that has many families facing financial ruin. By Anne Seith in Madrid more...
SPIEGEL ONLINE
- June 28, 2010
Germany is the leading contributor to the European Union- and IMF-led fund to shore up the battered euro. An emergency provision in the agreement for the 750 billion euro rescue package, however, could see the country paying a lot more than the upper ceiling of 148 billion euros. more...
SPIEGEL ONLINE
- June 24, 2010
Not so long ago, Spain was the superstar of the euro zone. Business, fueled by cheap credit, was booming. But the financial crisis decimated the country's economy and now Prime Minister Zapatero is trying to pick up the pieces. He is hoping that ambitious reforms will stave off a downward spiral. By SPIEGEL staff.
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