Mark Schieritz
Mark Schieritz (b. 1974) was an editor for the Financial Times Deutschland before becoming Die Zeit’s financial correspondent in Frankfurt.
Updated: 31 October 2011
Sources and authors
By Mark Schieritz
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Bailouts: Against all the rules
6 January 201237552 Die Zeit Hamburg -
Debate: Europe’s seven deadly sins (1/2)
14 December 201149821 Die Zeit Hamburg -
Eurozone crisis: Germany, the hobbled giant
3 November 20111118 Die Zeit Hamburg -
Eurozone crisis: Understand the banks and you save the euro
14 July 201110311 Die Zeit Hamburg -
Finance: Eurozone overhaul
12 February 201016 Die Zeit Hamburg -
Finance: Euro in hot water
19 January 2010261 Die Zeit Hamburg
He who makes mistakes must pay the price. Ever since the crisis erupted five years ago, this key law of the market economy has been trampled on. Politicians must now decide between prosperity and morality, writes Die Zeit. 
The politicians of Europe love to flourish the flag of Community togetherness. But in their day-to-day politicking they give the lie to their supposed virtues. Die Zeit has compiled a cheat-sheet of national egotisms that are harming the Community. 
It dictates the agenda of EU summits, defines the rules, makes an entire continent wait, and always ends up imposing its will. With the euro crisis Germany finds itself alone at the head of the Union. But is it up to this new role? 
The fate of the euro is a matter of indifference to the financial markets. Investors are pulling their money out of Rome, Athens, Lisbon and Madrid. And Europe – especially Germany – is doing everything to drive off the financiers it so depends on. 
It’s the rebirth of the euro. The EU has decided to bail out Greece, even if it means breaching the terms of its own treaties. The rescue will help not only the Greeks, but also the euro – and even the reluctant German taxpayer, rejoices Die Zeit. 
Germans’ favourite countries for holidaymaking are going broke. And Europeans will have to foot the bill for the worst debtors, explains Die Zeit, lest they become the next dominoes to teeter and topple into financial chaos.