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DealBook Column: Why the Bailout in Spain Won’t Work
Markus Schreiber/Associated PressChancellor Angela Merkel of Germany. It was not enough. And it may never be enough. The euro zone’s offer of $125 billion to bail out Spanish banks over the weekend was...
View ArticleEuropean Leaders Back Common Banking Rules
BRUSSELS — European Union leaders pledged on Friday to take further steps to set up common banking rules for the bloc, but they delayed plans for a shared budget for the euro zone nations as pressure...
View ArticleEuro Watch: German Economy Shrank in Fourth Quarter
The Federal Statistical Office in Wiesbaden estimated that the German economy shrank about 0.5 percent in the final three months of 2012, compared with the previous three months. The decline was...
View ArticleCyprus Set to Reject Tax on Bank Deposits
NICOSIA — Cyprus’s Parliament was set to reject a divisive tax on bank deposits in a vote scheduled for Tuesday, a government spokesman said, a move that would push the island closer to a default and...
View ArticlePolitical Economy: Cyprus Refuses to Learn From Its Mistakes
Cyprus will pay dearly for its sins. The Mediterranean island has committed many follies over the years — and is still making mistakes. The Cypriots always seem to overestimate their negotiating...
View ArticleFor Ireland, a Setback on the Road to Recovery
As Ireland prepares to become the first European country to exit its international bailout, politicians across the Continent have promoted it as a model for how austerity can help a country emerge...
View ArticleJoblessness to Keep Rising, O.E.C.D. Forecasts
Joblessness is expected to continue edging up, to about 28 percent in Spain and Greece, 12.5 percent in Italy and 11 percent in France by the end of 2014, the Paris-based O.E.C.D. said in its forecast....
View ArticleBerthold Beitz, German Steel Industrialist Who Saved Jews, Dies at 99
Yet when Mr. Beitz died on Tuesday at 99, he was remembered as much for his efforts to save hundreds of Jews and Poles from the Nazis while stationed in Poland during World War II. Mr. Beitz...
View ArticleInside Europe: Economy Is a Casualty in Germany’s ‘Noncampaign’
BERLIN — Germans sleep better, Bismarck once said, when they don’t know how sausages and laws are made. A century and a half later, Chancellor Angela Merkel seems to be modeling an election campaign on...
View ArticleNo Bounce for Europe in Rebound by Germany
Despite Berlin’s hefty financial support of the euro zone’s more beleaguered members in the last few years, the economic crisis has corroded commercial ties between Germany and the rest of Europe....
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