RESCUE PLAN DETAILS
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Euro Backstop to Be Leveraged to One Trillion Euros
Chancellor Angela Merkel has provided German party heads some details of
the planned euro rescue package set for approval by European leaders on
Wednesday. They include a Greek debt cut of up to 60 percent and
leveraging the bailout fund to one trillion euros. The measures will be
put to a full vote in German parliament on Wednesday.
http://www.spiegel.de/
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CONTROVERSIAL LEVERAGING PLAN
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German Parliament Expected To Hold Full Vote on EFSF
The whole German parliament is expected to vote on planned guidelines
for the enlarged euro-zone rescue fund on Wednesday, SPIEGEL ONLINE has
learned. Initially, only the budget committee had been due to vote,
but coalition lawmakers have changed their minds due to huge public
interest in the measure.
http://www.spiegel.de/
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BONJOUR TRISTESSE
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France Stares into the Euro-Crisis Chasm
Falling productivity, a stagnating economy and growing debt: France's
economic health leaves plenty of room for improvement. Markets have
begun to notice and the country threatens to become mired in the ongoing
European debt crisis.
http://www.spiegel.de/
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A BUMPY ROAD IN BRUSSELS
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EU Leaders Battle Image of Troubled Summit
In Brussels this weekend, one of the few light moments came when Angela
Merkel gave Nicolas Sarkozy a teddy bear for his newborn daughter. So
far, concrete results have been scant at the summit despite efforts by
European Union leaders to paint a rosier picture. Considerable hurdles
must be cleared in order to reach a deal by Wednesday.
http://www.spiegel.de/
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MOVING TO THE CENTER
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Right-Wing Populist Support Drops in Swiss Vote
For the first time in decades, support in Switzerland for the right-wing
populist SVP party has declined. But with a splintering of the center,
that doesn't mean the party's anti-immigration message will be any less
prominent. Indeed, the next referendum is already on the horizon.
http://www.spiegel.de/
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THE WORLD FROM BERLIN
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EU Summits 'Won't Rescue Euro, Will Only Buy Time'
The EU crisis meetings now underway will at best buy time for the bloc
to start tackling its debt problems in earnest. The euro needs fiscal
union to survive in the long term -- but how will leaders ever forge
such a union if they can't even agree on the most urgent firefighting
measures, German commentators ask?
http://www.spiegel.de/
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TUNISIA TASTES DEMOCRACY
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Early Results Point to Victory for the Islamists
Official results won't be revealed until Tuesday, but
preliminary indications are that the moderate Islamist Ennahda Party may
be celebrating a decisive victory in Tunisia's first democratic
election. Some 90 percent of the country's registered voters cast their
ballots.
http://www.spiegel.de/
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ALLEGED ARSONIST CAUGHT
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Man Arrested for Torching Dozens of Cars in Berlin
Left-wing extremists are often associated with the car arsons that have
swept through Berlin and Hamburg in recent months and years. But a
suspect arrested last week was just frustrated, Berlin police said. They
identified the man, who confessed to setting fire to 67 cars, with the
help of CCTV.
http://www.spiegel.de/
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CHECHEN CHA-CHA
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Church Investors Linked to Birthday Party Scandal
A German dance troupe is under fire for their performace at a party for
Chechen strongman Ramzan Kadyrov, who has been accused of human rights
abuses. Now the controversy has unexpectedly spread to the Catholic
Church. SPIEGEL reports the 'television ballet' also receives funding
from a firm partly owned by nine dioceses.
http://www.spiegel.de/
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AID FOR THE ALLIES
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German Intelligence Service Knew Gadhafi's Location
The decision to opt out of NATO efforts to aid the Libyan revolution
alienated Germany from it Western allies. But according to SPIEGEL
information, the country was more involved in the conflict than
previously thought. German intelligence agents reportedly
helped find fugitive dictator Moammar Gadhafi.
http://www.spiegel.de/
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A NEW HURDLE FOR EUROPE
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German Parliament Slows Euro Rescue Decisions
The government of German Chancellor Angela Merkel has given parliament a
greater say in the euro bailout than it has actually been required to do
following a recent ruling by the country's highest court. Merkel took
the step to quiet critics of the common currency rescue plan, but
it could also limit the European Union's ability to act in this time of
crisis.
http://www.spiegel.de/
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PICTURE THIS
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Aiming for Change
http://www.spiegel.de/
