“How Lukashenko earned billions,” headlines Rzeczpospolita, after Wikileaks released a cable from the US embassy in Minsk estimating the Belarusian president’s wealth at some nine billion dollars. “That is close behind the ten richest men in Europe”, notes the Warsaw daily. At the moment however, “nobody can prove anything” as officially Alexander Lukashenko earned a mere 22,500 euros in 2010. Russian experts quoted by Rzeczpospolita, are convinced that Belarusian leader has stashed his “savings” in foreign accounts opened in other people’s names and invested heavily in “safe assets abroad”. Lukashenko has dismissed these allegations with humour, telling journalists that once they find the hidden money they could “return to him one percent and keep the remaining 99%”. “We’ll give women a bit more than men,” quipped a man who sports a wristwatch worth some 10,000 euros and has several luxurious residences in the country’s national parks. It is said the source of Lukashenka’s wealth are two state institutions controlled by him and only him: the Presidential Reserve Fund and the Presidential Auxiliary Household. The former is supplied with profits from arms sales, the latter from the state lottery among other sources.
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.