Europe has a new plan to help get the younger generation their first job. The “New Deal for Europe” offers under-25s in Mediterranean countries any job they’d like, just so long as it’s in catering, and in Germany. The “New...
Read more »New Deal for Europe’s Youth: Learn to Cook in Germany
Merkel Reigns on Cyprus — Not
Yesterday was the big German parliamentary decision on aid for Cyprus, and the burning question was whether Chancellor Angela Merkel would hold her coalition together or, as in past Bundestag crisis-management moments, rely on opposition votes to pass the package....
Read more »ECB’s Emergency Cash Becomes Last Bulwark Against Chaos
The euro area has just come as close as it ever has to learning that what the European Central Bank gives, it can also take away. Before euro-area ministers agreed a last-ditch bailout in the small hours of Monday morning,...
Read more »Banker-Bonus Rules Stoke Tempers in Berlin
Draft rules to scale back banker bonuses were enough to prompt a public spat yesterday between Deutsche Bank co-Chief Executive Officer Juergen Fitschen and German Finance Minister Wolfgang Schaeuble as the two men sat side-by-side on a panel discussing finance...
Read more »The Revolution Begins in . . . Malta
The revolution begins in Valletta — that’s the European center-left’s rallying cry after a longtime conservative bastion, Malta, fell to the Labour Party over the weekend. Never mind that with growth last year of 1 percent and a jobless rate...
Read more »Monti’s Virtue vs. Germany’s Vices
For once, Mario Monti had a sympathetic audience — dozens of European officials he mingled with and presided over during a 10-year European Commission career that, by the looks of it, he will remember more fondly than the 15 months...
Read more »Today in Euro Crisis History: Once Upon a Time
February 27, 1953 Sixty years ago today, 20 countries including Greece, Spain, and Italy signed the Agreement on German External Debts that forgave half of Germany’s pre- and post-war debt (with some exceptions) to encourage German economic reemergence and development...
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Photograph by Christof Stache/AFP via Getty Images
Peer Steinbrueck at an Ash Wednesday political event Feb. 13, 2013
Steinbrueck Goes Peer-Shaped in Brussels
Peer Steinbrueck made a German campaign cameo in Brussels today and left everyone wondering how he would manage the crisis differently than the woman he is trying to oust in next fall’s German federal election, Chancellor Angela Merkel. Steinbrueck made...
Read more »Draghi Dismisses Currency Spat as More Jaw Than War
Mario Draghi says the currency war is phoney. According to the European Central Bank president, there’s been too much “chatter” in the past two weeks about fluctuations in global currencies, set off by a decision by Japan’s central bank to...
Read more »Draghi in Triple Hot Seat May Seek Verbal Escape Route
It’s not going to be easy for Mario Draghi today. The President of the European Central Bank is often lauded as a straight talker. He might have to be just the opposite when he gives a press conference at 14:30...
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