Der Spiegel, 26 September 2011
For the fourth time this year, the German weekly Der Spiegel touts the imminent death of the euro on its cover. This time the single currency is depicted as an explosive device. "The budgetary bomb – how a great idea was transformed into a threat for Europe," the cover says. Over 20 pages, the Hamburg-based magazine explains in four steps the birth, the life, the crisis and the uncertain future of the euro. "The most dangerous currency in the world," the magazine says, "builds upon its debts and its lies with neither a base nor leadership.
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.