| SPIEGEL ONLINE | INTERNATIONAL NEWSLETTER |
| Compiled on August 01, 2012, 07:16 PM CET |
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The Cartel
Behind the Scenes in the Libor Interest Rate Scandal There have been plenty of banking scandals, but none quite like this: Investigators and political leaders believe that the manipulation of the Libor benchmark interest rate was the result of organized fraud. Institutions that participated could face billions in fines and penalties. By SPIEGEL Staff |
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Splitting the Financial Giants
It's Time To Break Up Massive Banks! For decades, America's Glass-Steagall Act ensured a clean division of commercial and investment banking. But its repeal paved the way for the global financial world. Today politicians should restore the dual banking system to help ensure that banks that are too big to fail do not exist in the future. |
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Begging for the Bazooka
Europe's Dangerous Dream of Unlimited Money This week, some euro-zone members have been calling for the permanent bailout fund to be provided with a banking license that would provide it with unlimited access to money from the European Central Bank. The "bazooka" option might help crisis countries in the short term, but it would entail massive risks in the long run. |
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The World from Berlin
Deutsche Bank 'Too Bloated to Remain Competitive' Germany's Deutsche Bank, the pillar of the country's financial industry, is in trouble this week. The company has been implicated in the Libor interest rate manipulation scandal, its profits are collapsing and it faces layoffs. German commentators argue the bank has a difficult path ahead in the debt crisis. |
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Anatomy of a Disaster
Incompetence and Naiveté Behind Berlin Airport Delay With the opening of Berlin's new airport delayed at least until next spring, a legal battle has erupted over damages and responsibility. Court documents reveal that the architectural firm behind the project emphasized appearance and gave short shrift to vital operational details. |
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'The Impression Maternity Leave Is Not Important'
German Family Minister Slams Yahoo! CEO Mayer Kristina Schröder, Germany's Federal Minister of Family Affairs, is making waves with her controversial stance on mothers in the workforce. In a SPIEGEL ONLINE interview, Schröder has criticized new Yahoo! CEO Marissa Mayer, arguing she should take a longer maternity leave when she gives birth later this year. |
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Lost Places
Photographer Documents Ruins of East Berlin After the Berlin Wall came down almost 23 years ago, many neighborhoods in the former East Germany began falling into disrepair. Artist and photographer Sarah Schönfeld, who grew up in the East Berlin district of Lichtenberg, describes how she began to document the decline in photos -- partly as a way of saying goodbye to the past. |
