Viva la Siesta: Should Southern Europe Really Be More German?

Viva la Siesta: Should Southern Europe Really Be More German?

SPIEGEL ONLINE - June 28, 2013

In the wake of the euro crisis, Southern Europeans have increasingly traded their traditions of leisure for more work and more consumption -- often at Germany's prodding. As backlash sets in, this logic must be questioned. An Essay by Max A. Höfer more... Comment ]

Wealth Report Criticism: Merkel Says Germans Richer than Statistics Suggest

Wealth Report Criticism: Merkel Says Germans Richer than Statistics Suggest

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...


Berlin's Lack of Vision: Europe Turns against Germany

Berlin's Lack of Vision: Europe Turns against Germany

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... Comment ]

Saving the Common Currency: German Obstructionism Heightens Euro Fears

Saving the Common Currency: German Obstructionism Heightens Euro Fears

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...


Masterplan Fails to Calm Markets: Europe's New Debt Mechanism Has Come too Late for Euro Crisis

Masterplan Fails to Calm Markets: Europe's New Debt Mechanism Has Come too Late for Euro Crisis

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... Comment ]

Fears of Euro Crisis Contagion: Portuguese Central Bank Warns of Risks to Banking Sector

Fears of Euro Crisis Contagion: Portuguese Central Bank Warns of Risks to Banking Sector

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...


Fears of a Euro Demise: The Disastrous Consequences of a Return to the Deutsche Mark

Fears of a Euro Demise: The Disastrous Consequences of a Return to the Deutsche Mark

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...

Europe's Neverending Crisis: Can the Euro Still Be Saved?

Europe's Neverending Crisis: Can the Euro Still Be Saved?

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 more... Comment ]


Merkel at the EU Summit: The Iron Chancellor in the Euro Trap

Merkel at the EU Summit: The Iron Chancellor in the Euro Trap

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...

Spain's Short-Lived Euphoria: Football Dream Distracts from the Crisis

Spain's Short-Lived Euphoria: Football Dream Distracts from the Crisis

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...