Washington has criticised the countries of the eurozone for doing too little to restore the world's economy, reports Süddeutsche Zeitung, on the occasion of Timothy Geithner's visit to Berlin and London. The American Treasury Secretary has accused European states of endangering global growth with austerity plans and adopting an attitude that will sabotage the next G20, scheduled to take place at the end of June in Huntsville, Canada. In particular, Washington wants France and Germany to do more to promote growth to help countries on the periphery of the eurozone. "Geithner's whistle-stop visit to Berlin should be interpreted as an expression of disarray," notes SZ. The Munich daily believes that Berlin's lone crusade against financial market speculators has made "Germany a risk factor for the global economy."
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.