Wednesday, May 9, 2012

http://www.spiegel.de/international/topic/euro_crisis/


'No Alternative' To Austerity: German Leaders Threaten End to Greek Aid

'No Alternative' To Austerity German Leaders Threaten End to Greek Aid

SPIEGEL ONLINE - May 09, 2012 The Greek left-wing politician tasked with forming a new government after the country's parliamentary elections has called the Greek bailout agreement invalid. Several German leaders responded Wednesday by demanding that Greece stick to the negotiated austerity measures if it wants to receive future international financial aid.  more...
Operation Self-Deceit: New Documents Shine Light on Euro Birth Defects

Operation Self-Deceit New Documents Shine Light on Euro Birth Defects

SPIEGEL ONLINE - May 08, 2012 Newly revealed German government documents reveal that many in Helmut Kohl's Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts pointed to Italy as being the euro's weak link. The early shortcomings have yet to be corrected. By Sven Böll, Christian Reiermann, Michael Sauga and Klaus Wiegrefe more...
The EU's Black Holes: Saving the Euro Will Require Banking Sector Reform

The EU's Black Holes Saving the Euro Will Require Banking Sector Reform

SPIEGEL ONLINE - May 07, 2012 As concerns about Spanish banks grow, leading economists are warning that Europe's banking system urgently needs to be overhauled, otherwise the entire monetary union could be in jeopardy. The continent's leaders missed their chance to reform the system in the wake of the 2008 financial crisis, and are now paying the price. By Martin Hesse, Christoph Pauly and Anne Seith more... Forum ]
A Protest Vote in Athens: Greeks Cast Ballots Against Austerity

A Protest Vote in Athens Greeks Cast Ballots Against Austerity

SPIEGEL ONLINE - May 07, 2012 Frustrated Greek voters on Sunday punished the country's two biggest parties. The vote represents a protest against draconian austerity and the massive influence the EU and IMF are having on the country. Even if fringe parties profited from this anger, though, no one in Greece really wants to abandon the euro. By Julia Amalia Heyer  in Athens more...
Merkel's Less than Super Sunday: For Chancellor, Torturous Months Lie Ahead

Merkel's Less than Super Sunday For Chancellor, Torturous Months Lie Ahead

SPIEGEL ONLINE - May 06, 2012 German Chancellor Angela Merkel can't be pleased about François Hollande's election victory, but it will at least be bearable for her. The newfound self-confidence of her junior coalition partner, the FDP, which scored a surprise success in the state election of Schleswig-Holstein on Sunday, poses a greater threat to the chancellor. A Commentary By Roland Nelles more...
In Hollande's Hands: Will France's Election Hinder German Leadership of the Euro Group?

In Hollande's Hands Will France's Election Hinder German Leadership of the Euro Group?

SPIEGEL ONLINE - May 03, 2012 German Finance Minister Wolfgang Schäuble is the leading candidate to become the president of the Euro Group, the common currency's powerful decision-making body. But if François Hollande wins the upcoming French election, he could scupper the appointment, dealing a major blow to Chancellor Merkel. By Philipp Wittrock more... Forum ]
Threats against Journalists: The Aggressive Tactics of the Greek Right Wing

Threats against Journalists The Aggressive Tactics of the Greek Right Wing

SPIEGEL ONLINE - May 03, 2012 Greek far-right parties could end up with as much as 20 percent of the vote in Sunday's elections. The neo-Nazi Golden Dawn party has intensified the xenophobic atmosphere in the country. Those who confront them are threatened with violence, journalist Xenia Kounalaki recounts. more...


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