Germany is beginning to have doubts about its participation in rescue schemes for the Eurozone. "Extent of guarantees unlikely," headlines Handelsblatt, which quotes a report by a Bundestag experts group. The business daily reveals that the document drafted by a legal team from the German parliament warns against the hidden cost of the European Stability Mechanism (ESM) due to be launched in 2013.
The 500-billion euro fund will be financed by member states, which will also provide financial guarantees for member states in difficulty. However, the experts note that the provision of guarantees will "establish a process that parliament will not be able to control, which might lead to a situation where the amount to be paid is higher than expected." If the Germany ends up paying too much, Handelsblatt points out, it will endanger its monetary stability, and also be in breach of its constitution. In anticipation of this risk, the newspaper reveals that, the Federal Court of Auditors believes parliament should determine the nature and amount of Germany's contribution to the ESM.
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.