“Chaos in Egypt: markets fall as oil rises,” reports Hospodářské noviny. The daily explains that markets in Central and Eastern Europe, which investors view as still in the process of development and thus more vulnerable, have been hard-hit by the Egyptian crisis. As a result, “the Czech crown and Hungarian forint have begun to slide.” Investors are panicking because the chaos in Egypt could shut down the Suez Canal, which is the conduit for 2.6% of the world’s oil production. That may not seem like a lot, notes Hospodářské noviny, but the canal remains very important to Europe. At more than 100 dollars a barrel, oil prices have reached a two-year high. A global increase in the cost of food and textiles has also been forecast, because Egypt is the world’s main wheat importer and one of its principle exporters of cotton.
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.