Economics,Politics
German 'hypocrisy' over Greek military spending has critics up in arms
23.05.2012 14:50
The Guardian: Athens' fondness for weaponry, and willingness of Germany and France to feed it, under fire as Greece struggles with debt crisis
A few months before submarines became the talk of Athens, Yiannis Panagopoulos, who heads the Greek trade union confederation (GSEE), found...
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Greeks see reasons for hope and fear amid the political ruins
23.05.2012 14:47
The Guardian: Athens has become the centre of a storm as radical parties on the left and right challenge the old two-party system
here are reminders of Greece's deep democratic roots everywhere you turn in Athens. The grand stone parliament building that makes up one side of...
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Greece and the euro: the essential guide
23.05.2012 14:39
The Guardian: Bailout to breakup, Syriza to Grexit, all you need to know about the causes and consequences of Greece facing a euro exit
1. The issue at a glance
Successive Greek governments have failed to carry out badly needed reforms. The problem isn't new: it...
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Merkel Faces Hollande Pleas To Shed Taboos At Crisis Summit
23.05.2012 14:23
Bloomberg: A plea to shed “taboos” may put German Chancellor Angela Merkel in a corner today as she digs in against joint debt sales to counter Europe’s financial crisis.
Merkel, the dominant figure in more than two years of crisis-fighting, heads to a Brussels summit unable to stifle...
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European Banks Unprepared For Greek Exit From Euro
23.05.2012 12:34
Bloomberg: Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro.
While lenders have increased capital buffers, written down Greek bonds and used central-bank loans to help refinance units in...
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IMF boss Christine Lagarde says Greece has 'more to do'
23.05.2012 12:10
BBC: The head of the IMF, Christine Lagarde, is keeping up the pressure on Greece to fix its finances.
In an interview with the BBC, Ms Lagarde said there had to be more tax collection and structural reform.
That is despite the deep unpopularity of austerity measures imposed on...
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Czech ex-minister Rath faces hearing over box of cash
23.05.2012 12:01
BBC: A former Czech health minister arrested for suspected corruption risks losing his parliamentary immunity after a special meeting of MPs on Tuesday.
David Rath is expected to attend the hearing, escorted by police.
Mr Rath has resigned as Central Bohemia governor and left the...
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Emerging Nations Vie for Power at IMF
27.04.2012 14:07
DerSpiegel: The European Union would like to see the International Monetary Fund provide billions in additional funds to help relieve the debt crisis. However, a number of emerging economies are resisting the plans, accusing the West of abusing its power within the organization and...
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Euro Group Considers Direct Aid for Banks
27.04.2012 14:05
DerSpiegel: The banking crisis in Spain has countries across Europe in a deep state of worry. A German newspaper is now reporting that the European Central Bank and a number of euro-zone countries would like to change the euro bailout fund in order to permit it to lend money directly to...
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Greece did not cause the euro crisis
27.04.2012 13:55
The Gurdian: During the recent debate in the parliaments of many eurozone member states regarding the approval of the new €130bn loan to Greece, some members questioned whether the country had been ready to participate in the euro at the time of its entry.
In the mid-1990s,...
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