"Black-and-yellow coalition is radiant,” puns the Tagesspiegel. Germany’s coalition government of Christian Democrats and Liberals agreed on 6 September to keep Germany’s 17 nuclear power plants running for an additional 12 years on average. This overturns their predecessors’ decision to phase them all out by 2022 and extends the deadline to mid-century. In return for this manna, worth somewhere between €50bn and €127bn to the nuclear industry, the latter will have to pay a €1.5bn annual levy on nuclear fuel (as against €2.3bn p.a. initially demanded), explains the German daily. This policy reversal was one of Angela Merkel’s campaign promises, observes Der Tagesspiegel, but in view of Germans’ hostility to nuclear power, "the chancellor may well have abridged her own political life expectancy”.
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.