| SPIEGEL ONLINE | INTERNATIONAL NEWSLETTER |
| Compiled on July 30, 2012, 06:05 PM CET |
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Draghi's Pledge
ECB Divided over Efforts to Save Euro ECB head Mario Draghi wants to save the euro at all costs. But the pledge has created discord within the bank's governing council. Many oppose plans to buy up sovereign bonds from troubled euro-zone member states, fearing it could just make things worse. |
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No Time to Lose
Juncker Says Crisis Has Reached 'Decisive Point' A decisive point had been reached in the euro crisis and EU leaders and the European Central Bank must use all means at their disposal to rescue the currency, euro-group head Jean-Claude Juncker warned on Monday. He also confirmed plans to buy bonds from struggling member states. |
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Spain's Economic Arsonists
Political Bankruptcy in Madrid Adds to Woes Spain is an attraction, and not just as a destination for vacationers and the world's best footballers. It enjoyed a booming economy for a long time, but now the entire country seems to be in free fall. Will it have to resort to the bailout fund because of mistakes by its ruling conservatives? |
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The Origins of Crisis
Corruption and Nepotism Haunt Southern Europe Jobs for your friends, contracts for your relatives, cash handouts for everyone: that's how politics works in Sicily. Now the island is on the verge of bankruptcy. It's an example of the underlying problem plaguing many parts of the southern European countries now struggling to contain the euro crisis. |
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Political Crisis in Romania
Referendum Only a Battle in Ongoing War for Power Suspended Romanian President Traian Basescu narrowly avoided impeachment in Sunday's referendum. But the vote is unlikely to put an end to his power struggle with Prime Minister Victor Ponta. The two see their dispute as nothing less than a battle for survival. |
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Arming the World for Peace
Merkel's Risky Weapons Exports Drawing lessons from Afghanistan and Libya, German Chancellor Merkel has been making quiet changes to Berlin's arms exports policy. Instead of intervening in conflicts, she wants to help arm certain countries to provide stability in crisis regions. But if history is any guide, the plan could backfire. |
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The World From Berlin
'Romney Has Already Disqualified Himself' Republican contender Mitt Romney heads to Poland on Monday, the last stop of an overseas tour that has already taken him to England and Israel. So far, German newspapers have not been impressed with his performance, citing embarrassing verbal blunders and superficial political posturing. |
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Medal Drought Therapy
Germans Strike Mud at the Olympics Germany's performance at the London 2012 games so far has been underwhelming, with the nation failing to win a single medal. The Mud Olympics on the North Sea coast, however, allows participants to vent their frustration. |
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Picture This
Flying Colors |
