Europe is relieved, but problems remain
The EU breathed a sigh of relief in view of what looks likely to be a new government coalition in Athens willing to stick to the terms of the bailout agreement. The EU may even be prepared to grant minor concessions. It is not yet clear who will govern Greece. But it appears likely that [...]
DEMOCRACY Suu Kyi touches down in Europe, after 24 years away Myanmar opposition leader and democracy icon Aung San Suu Kyi has arrived in Geneva at the beginning of a European tour. First stop in the visit is Geneva, before trips to Britain, France, Ireland and Norway. Suu Kyi finally arrived in Geneva at 11.15 [...]
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Economy The next crisis candidate: Italy After Spain, Italy is now under increased pressure. The Austrian finance minister believes the eurozone’s third-largest economy will have to ask the EU for financial help. Following Spain’s financial tribulations, it is now Italy’s turn. The eurozone’s third-largest economy will be forced to ask the EU for financial help, [...]
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Spain’s borrowing costs have risen to the highest rate since the launch of the euro in 1999. The benchmark 10-year bond yield hit 6.81%, as optimism about the weekend’s Spanish bank bailout continued to evaporate. Italy’s 10-year bond yield rose to 6.28%, a rate not seen since January, as concerns about its finances rose. The [...]
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EUROPEAN UNION Opinion: Merkel’s only option is more Europe The eurozone debt crisis has raised existential questions about the future of the European project. Chancellor Angela Merkel believes that the only answer is more unity, says DW’s Peter Stützle. For Helmut Kohl, the case was crystal clear. Raised in the Franco-German border region in post-war [...]
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