“Germans must make sacrifices for the euro,” sums up the German daily Berliner Zeitung. In an interview with the paper, Hans-Peter Keitel, president of the Federation of German Industries, calls on German Chancellor Angela Merkel to save the single currency “even if it hurts”. “We want to advance and invest in the euro. We need a stable union,” he explains. “If we want greater integration, all the member states must respect the rules or relinquish national purview,” he adds.
Four weeks ahead of parliamentary debate on the European bailout packages and the implementation of the beginnings of a European economic government, Angela Merkel is confronting a rise in increasingly free criticism. The CSU, the Bavarian branch of the Chancellor’s Christian Democrat Party, for example, recently declared that it is “decidedly against an economic government and a European Finance Minister.”
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.