The next country to go bankrupt will not be Ireland or Spain: it will be… Romania. "The IMF warns Romania could follow in the footsteps of Argentina," headlines Adevărul, in its report on a interview with the director of the International Monetary Fund. Speaking on Swiss television channel TSR, Dominique Strauss-Kahn remarked that if countries like Greece, Ireland, Latvia, Hungary and Romania do not succeed in imposing austerity measures, they will "be faced with the imminent prospect of default. We are close to the brink." The daily, which quotes reassuring statements made by the Romanian central bank, accuses DSK of preparing his campaign for the 2012 French presidential elections. However, it also acknowledges that Romania, like Greece and Ireland, has reported negative growth in the third quarter of 2010.
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.