Have you received a one-cent transfer to your bank account from an unknown source recently? If so, you’d better send it back right away, warns Süddeutsche Zeitung. The Munich-based daily has unmasked a new scam since Germany implemented the EU Payment Services Directive (PSD). Instead of making profits on transfers by holding up the money for several days, from now to 2012 banks are required to effect same-day transfers. The upshot: transfers are now fully automatic and account numbers are no longer checked to make sure they match the beneficiary’s name. So crooks can try using random number combinations to transfer a cent to an account for which they have made up any old name. If the transfer is not rejected, they can then make small withdrawals so as not to attract the account holder’s attention. In case of fraud, however, customers still have 13 months to file a claim for reimbursement.
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.