“Greeks save European banks,” reads the provocative headline in Die Tageszeitung. The Berlin alternative daily reports that European aid will be of no benefit to Greeks, who “will have to live with lower wages, less job security, inferior health care and a massive sell-out of their state.” And in spite of all of this, the country’s debt may still be at the same level in 2020.
For journalist Eric Bonse, the bailout is a “ruthless diktat” mainly of benefit to the banking system, which will escape collapse thanks to the interest generated by loans to the Greek state –
Schäuble & Co. have saved the creditors, not the Greek people. Banks, insurers and investment funds in Germany, France and Great Britain will gain from the deal. In the event of [Greek state] bankruptcy, They would have lost everything. [...] Private creditors, who should have, according to Schäuble, accepted joint liability, have been heavily favoured. It is nice deal for the creditors, and a very bad one for Europe.
The leader of Greece’s leftist alliance SYRIZA is the new bright hope of Greek politics. Steering a course between pragmatism and the rhetoric of class warfare, he has unsettled Berlin, and not just those who back Angela Merkel's austerity policies. 
Europe’s economic woes have forced us to try to understand the secret Olympian world of global finance. But now that we pay more attention to bond yields and stability mechanisms, isn’t it clear that the experts up on their lofty peaks don’t know what’s going on either? 
This year’s Eurovision Song Contest is hosted by Azerbaijan, a country that is far from being a model democracy. An Estonian journalist takes a critical look at the deferential treatment enjoyed by the regime in Baku.