Only 200 proprietors of small and medium enterprises (SMEs) signed the document, but they represent the heart of the German economy. “SMEs turn against Merkel,” announces Handelsblatt, publishing an open letter from small business owners who believe that the Chancellor, Angela Merkel, has embarked “on a harmful course with her policy of continually bailing out the euro.”
They call on MPs to put an end to “this irresponsible indebtedness policy,“ warn against a transfer union in Europe, and demand that European treaties be modified to allow states to leave the eurozone. In provoking the ire of the small businessmen that she likes to describe as “the pillars of our prosperity,” the daily says, Merkel is in the process of losing her most faithful supporters.
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.