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Austerity Measures

Gone are the big, deficit-spending days of the 2000s. EU governments have undergone rounds of belt-tightening measures, including cutting social services and raising retirement ages. Even Germany, Europe's strongest economy, pushed through its own far-reaching savings package.

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Greeks in the Crisis 'We Need To Explain Ourselves'

What hopes and fears has the new government in Greece awakened, and how bad are relations with Germany? Four weeks after the election, SPIEGEL sat down to discuss the situation with six Greek people from different walks of life.
2. März 2015, 18:45 Uhr

The Grexit Dilemma What Would Happen if Greece Leaves the Euro Zone?

Banks across Europe, including the European Central Bank, are preparing for the possibility of Greece leaving the euro zone. With Athens and Brussels still at odds, such an eventuality seems more realistic than ever. But how disruptive would a Grexit really be? Von SPIEGEL Staff
20. Februar 2015, 18:28 Uhr

Euro Poker Greece and EU at Loggerheads Ahead of Monday Meeting

Greece is insisting on the relaxation of conditions relating to emergency aid, but the euro zone no longer fears the consequences of a Grexit. Both sides are digging in ahead of Monday's finance minister meeting. Von Martin Hesse, Christian Reiermann und Christoph Schult
16. Februar 2015, 13:45 Uhr

Defiance and Charm A Measured First Week for New Greek Leader

Syriza's victory in the recent Greek elections set off a wave of concern in Europe. But even as the new prime minister tries to woo other leaders, his left-wing government is already busy getting down to work. Many of its first moves have been the right ones. Von Manfred Ertel, Julia Amalia Heyer, Walter Mayr und Juliane von Mittelstaedt
6. Februar 2015, 20:07 Uhr

European Parliament President Schulz 'Greek Voters Should Be Realistic'

Newly elected Greek Prime Minister Alexis Tsipras has promised to free his country from the strict demands of its European creditors. In a SPIEGEL interview, European Parliament President Martin Schulz says there is room for compromise, but warns Athens must tread carefully. Von Nikolaus Blome und Christoph Schult
3. Februar 2015, 17:10 Uhr

Reforming France Emmanuel Macron's Impossible Mission

Thirty-six year old Economics Minister Emmanuel Macron has been tasked by French President Hollande with reforming the country. But it won't be easy. Socialists view him with suspicion and the party's left wing is already preparing for battle. Von Julia Amalia Heyer
10. Dezember 2014, 16:07 Uhr

France and Friends Merkel Increasingly Isolated on Austerity

The debate over Germany's insistence on euro-zone austerity has flared anew as an ailing France continues to demand economic stimulus. The European Central Bank may now be siding with Paris, leaving Merkel looking increasingly alone. Von SPIEGEL Staff
3. September 2014, 16:41 Uhr

Yearning for Change Italian Diplomacy Just Got Younger

Italian Prime Minister Matteo Renzi promised change for his country. His new foreign minister, Federica Mogherini, embodies the desire to shake things up. Just 41 years old, she lacks extensive experience, but is full of confidence. Von Walter Mayr
4. Juli 2014, 11:39 Uhr

Coalition Talks SPD May Drop Demand for Finance Ministry

Clinching the powerful post of finance minister in coalition talks would be a major coup for the center-left Social Democrats. But they may drop the demand in return for policy concessions -- and due to tactical considerations by SPD leader Sigmar Gabriel.
28. Oktober 2013, 18:13 Uhr

Preparing to Govern Formal Coalition Talks Kick Off in Berlin

Official coalition talks began Wednesday in Berlin between Merkel's conservatives and the center-left Social Democratic Party. Central topics include energy policy and the minimum wage -- as well as Germany's hotly debated European policy.
23. Oktober 2013, 13:24 Uhr

A Fresh Start in Europe Is a Milder Merkel in the Cards?

Angela Merkel's tough-nosed euro policies have divided the Continent and earned her a reputation for coldness. Now that the election has strengthened her hand and freed her of pesky partners, she has a chance to reshape her stance. Von Stefan Kaiser
24. September 2013, 18:26 Uhr

Scion of Austerity A Tall Order for New Greek Reform Minister

Kyriakos Mitsotakis has only been minister for administrative reform for a few weeks. But he is already under heavy pressure from the troika to reduce Greek spending. To show he means business, the ambitious son of an old political family will soon cut thousands of jobs. Von Julia Amalia Heyer
3. September 2013, 15:34 Uhr