WHEN warnings sound that the end of the euro is nigh, all eyes turn to Angela Merkel, the German chancellor. Germany must “assume its part” in saving the currency, says Spain’s economy minister, Luis de Guindos. If there is rescuing to be done, Germany is the obvious rescuer. Yet rather than toss out the lifebelt, … Continue reading
IN THESE times of tribulation for the euro, Germany offers a prophecy. One day, when the euro zone has got beyond the wilderness of austerity and structural reform, it will be rewarded with prosperity. Europe will have worked off its debt and become more competitive. Markets will see that the real problems of the world … Continue reading
By Madeline Chambers (Reuters) – Demonised in Europe’s media as a red-eyed Terminator robot, a flabby centre-fold pinup and a fleshy Roman god eating Greeks, German Chancellor Angela Merkel has become the subject of a new wave of vitriol for her tough stance on the euro zone crisis. Already a figure of hate in Greece … Continue reading
BY ROWENNA DAVIS Like most good teenagers, I had a lot of dramatic political revelations. This was one of them: we all have multiple identities. I might be a Londoner, a Brit, English and European. But the identity that matters most is our humanity. If everyone could realise that we’d all be ok. No more wars, … Continue reading
Cyprus becomes 5th eurozone state to seek bailout Cyprus becomes 5th eurozone nation to ask for a bailout as it struggles to rescue its banks
NICOSIA, Cyprus (AP) — Cyprus on Monday became the fifth eurozone country to request financial aid from its partners in the troubled European currency union as it struggles to shore up its banks, which took heavy losses on Greek debt. The island nation’s government said in a terse statement that it required assistance following … Continue reading
by James K. Galbraith In an opinion piece for DW’s Transatlantic Voices column, James K. Galbraith argues that neither growth nor austerity are the right remedies for the eurozone crisis. Instead, the focus should be on solidarity. The austerity moment is passing. Britain’s double-dip recession and Europe’s 11 percent unemployment show where austerity leads. Public … Continue reading
The German Chancellor is terminating growth and pushing us towards a new Depression. BY MEHDI HASAN Which world leader poses the biggest threat to global order and prosperity? The Iranian president, Mahmoud Ahmadinejad? Wrong. Israel’s prime minister, Binyamin Netanyahu? Nope. North Korea’s Kim Jong-un? Wrong again.
Heads and doctors want needy children to get free breakfast as Guardian survey reveals upsurge in demand by Denis Campbell and Patrick Butler Headteachers and senior doctors are calling for needy children to receive a free breakfast at school after a Guardian survey found almost half of teachers have brought food in for pupils who arrive at school with empty … Continue reading
On Sunday, Greek citizens voted for the euro. On Monday, investors voted against it. And so, an election that we expected to avert an international financial meltdown ultimately corresponded with one.
Paul Krugman Ever since Greece hit the skids, we’ve heard a lot about what’s wrong with everything Greek. Some of the accusations are true, some are false — but all of them are beside the point. Yes, there are big failings in Greece’s economy, its politics and no doubt its society. But those failings aren’t … Continue reading