Roberto Abraham Scaruffi

Thursday 13 September 2012

SPIEGEL ONLINE INTERNATIONAL NEWSLETTER
Compiled on September 13, 2012, 06:43 PM CET
Pension Armageddon

Germans Fear Poverty Even After Life of Work

For decades, Germans have been able to live out their golden years in comfort. For today's younger generations, however, the retirement dream is turning into a nightmare. Increased life expectancies, an aging population, low birth rates and vanished investment returns have many worrying about a future of poverty.

Old-Age Poverty in Germany

'Being Poor Also Makes You Lonely'

Old-age poverty is an increasingly worrisome problem in Germany. In a SPIEGEL interview, 74-year-old Renate Apel discusses how, even after working and paying into her pension for some 40 years, her life has become one of deprivation and want.

Election in the Netherlands

Dutch Voters Choose Pro-European Parties

The incumbent conservative-liberal VVD party has won the Dutch election, with the center-left Labor Party coming in second. The result is a show of support for the current government's euro-crisis policies and a rejection of euroskeptic parties, with right-wing populist Geert Wilders suffering a major defeat.

Middle East Outrage Spreads

Film Sparks Attack on US Embassy in Yemen

Attacks on American diplomatic missions abroad continued on Thursday, when an angry mob of protesters descended on the US Embassy in Yemen's capital Sanaa. It is the latest in a string of such assaults, following violent protests in Cairo and Benghazi, where the US ambassador died in an attack on Tuesday.

'Blood Ivory'

Brutal Elephant Slaughter Funds African Conflicts

Rebels and militias across Africa have discovered the illegal trade in elephant ivory. Coveted in Asia, their tusks bring in handsome sums that are funding wars across the continent. Many game wardens hardly stand a chance against the slaughter.

Triumph in Defeat

Euro Ruling Not as Simple as It Seems

The winners and losers in Wednesday's ruling on the permanent euro bailout fund by Germany's highest court may appear clear cut, but the decision is more complicated than it seems. Before the European Stability Mechanism can be ratified, the German government must answer complicated legal questions.

ESM and ECB

European Leaders Have New Weapons to Save Euro

The Constitutional Court's ruling on the ESM has provided relief to markets and European leaders. With the bailout fund and the ECB's bond-buying program, the euro zone now has an impressive arsenal of weapons at its disposal. Politicians will soon be turning their attention to the next major project: a European banking union.

The World from Berlin

'The ECB Wields the Baton, Not Karlsruhe'

With the green light now given for ratification of the European Stability Mechanism, euro-zone leaders appear to be a step closer to saving the common currency. But many German newspaper editorialists see faults in the ruling by the Constitutional Court and warn that a major new fight is brewing over the European Central Bank's role in efforts to save the euro.

Picture This

Word of Mouth