The Euro crisis has finally arrived at the economic heartland of Germany; but the road to recovery may be the same for the Eurozone core powers as the peripheral economies.
AAP
By Harald Sander, Cologne University of Applied Sciences (CUAS)
Last week the German government’s economic forecasts for 2013 have made clear that the Euro crisis will have a serious economic impact on Germany, with the economic growth projection cut down to a mere…
Germany’s triple A rating has been given a negative outlook by ratings agency Moody’s, amid ongoing woes in Greece, Spain and Italy.
AAP
On 23 July, the rating agency Moody’s put the triple A debt of Germany, the Netherlands, and Luxembourg on a negative outlook. The day after, the outlook on the European Financial Stability Fund was also…
After 70 years, Mein Kampf is to be re-printed.
Michael Dawes
Almost 70 years ago, Adolf Hitler committed suicide in the bunker of the Reich Chancellery, marking the downfall of one of the most murderous regimes the world has ever seen.
Decades later, there is still…
Why has Paul Watson suddenly been picked up in Germany on a Costa Rican charge?
Kay Nietfeld/EPA
Captain Paul Watson, founder of the marine conservation organisation Sea Shepherd, was arrested last week in Frankfurt, Germany, on an international arrest warrant issued by the Costa Rican government…
German chancellor Angela Merkel and France’s new President Francois Hollande meet to discuss Europe’s economic woes.
EPA/Rainer Jensen
Europe is in economic dire straits and the two most powerful economies on the continent are, at least on paper, led by individuals with considerable differences.
The previous French President Nicolas…
With Greek leaders still unable to form government more than five days after the election, the prospect of Greeks returning to the polls is strengthening.
The democratic executions of Nicolas Sarkozy in France and Lucas Papademos in Greece means the body count of European leaders guillotined by angry electorates has risen to 12.
Sarkozy and Papademos join…
Not so funny…. Portugal is the next vulnerable Euro nation, but it doesn’t fit the German-favoured critique of a profligate country unwilling to undertake reforms.
AAP
By Harald Sander, Cologne University of Applied Sciences (CUAS)
Greece is rescued, for now…maybe. Perhaps it’s time to move on to the next basket case. So, which of the PIIGS is the next Greece?
For the moment, Portugal looks to be the front-runner. The country’s…
Merkel, Sarkozy and Monti must accept drastic fiscal reforms if they want to save the Eurozone.
The announcement by credit ratings agency Standard & Poor’s overnight that it could downgrade the triple-A rating of Europe’s debt rescue fund has battered market confidence, which had been buoyed…
The eurozone crisis is moving beyond “spendthrift” countries in need of rescue, to the rescuers themselves.
AAP
By Harald Sander, Cologne University of Applied Sciences (CUAS)
Early this week, sovereign bonds spreads for France and other Euro-core countries peaked.
Around noon on Tuesday the spreads on French and Austrian 10-year government bonds exceeded the German bund rate…
Former EU commissioner Mario Monti will form government in Italy as Silvio Berlusconi exits.
AAP
Is the Eurozone about to crash and burn, leaving Club Med in its wake? Not so fast.
Reports have suggested that French President Nicolas Sarkozy and German Chancellor Angela Merkel have discussed a strategic…
Italy’s debt woes will not disappear after Berlusconi finally steps down.
AAP
Global markets have tumbled in the past 24 hours on fears over Italy’s worsening debt crisis, with media reports that Germany and France have begun talks to break up the Eurozone if the monetary union…
Mass social movements, like the one in East Germany in 1989-91, don’t usually start out with clear goals.
AAP
Those who call for the Occupy movement to have a coherent set of demands at its birth ignore the history of social and protest movements.
Often, the coherence to the programs of protest movements is only…
Nicolas Sarkozy and Angela Merkel believe an FTT can help solve Europe’s debt woes.
AAP
French President Nicolas Sarkozy and German Chancellor Angela Merkel have announced a plan to impose a financial transactions tax (FTT) for the Eurozone, as part of an effort stem the bloc’s worsening…
