World from Berlin 'A Last Warning Shot' for Southern Europe

The decision by the European Central Bank to lower interest rates on Thursday is proof that the debt crisis still plagues the euro zone. The move is controversial in Germany, where editorialists warn it could affect savings and pensions.
Graffiti is seen on the fence surrounding the construction site of the new headquarters of the European Central Bank in Frankfurt.

Graffiti is seen on the fence surrounding the construction site of the new headquarters of the European Central Bank in Frankfurt.

Foto: KAI PFAFFENBACH/ REUTERS
-- SPIEGEL Staff