| SPIEGEL ONLINE | INTERNATIONAL NEWSLETTER |
| Compiled on September 05, 2012, 06:00 PM CET |
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Opening the Umbrella
ESM Permanent Bailout Fund Prepares for Prime Time The court battle against the permanent euro bailout fund, the ESM, has become the largest in German legal history. Yet despite widespread concerns, fund head Klaus Regling is preparing for action. The most important question surrounding the fund, however, remains to be answered: Will it work? |
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Analyst on Illicit Fund Transfers
Euro Crisis 'Perfect Opportunity to Launder Money' In a SPIEGEL interview, Raymond Baker, the head of the NGO Global Financial Integrity, says the Greek government doesn't have illicit financial flows in and out of the country under control and that the crisis is aiding money laundering in ailing countries. |
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Russian Arms Legend in Trouble
Bankrupt AK-47 Maker Puts Hope in New Guns The Russian company that manufactures the legendary Kalashnikov assault rifle has fallen on hard times. A halt in orders from the Russian military and a flood of cheaper knockoffs have driven it into bankruptcy. But the firm hopes to revive its fortunes with new models and a global branding campaign. |
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A Fragile Rainbow
Obama's Diverse Coalition Shows Signs of Fracture At the Democratic National Convention in Charlotte, North Carolina, Democrats from a large spectrum of cultures, ethnicities and generations are gathering to nominate Barack Obama as their presidential candidate. But the broad coalition that he hopes will keep him in the White House is showing cracks in its foundation. |
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Jewish Leader Lays into Germany
'Do You Still Want Us Jews?' Charlotte Knobloch, the former head of the Central Council of Jews in Germany, wrote a stinging editorial on Wednesday attacking the circumcision debate, calling talk of a Jewish revival a sham and wondering whether she was right to spend her adult life defending Germany. |
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Freedom from Germany
Author Calls for Independence for Bavaria The southern German state of Bavaria has a bigger population and economy than many European countries. Now one veteran journalist has written a book calling for Bavarian independence. The Bavarians, it seems, still haven't gotten over the trauma of joining the German Empire in 1871. |
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The World from Berlin
Airport 'Is Comatose and Can't Soon Be Revived' Berlin's new airport will now open two years late after the start date was once again postponed this week. So far, though, politicians have declined to take the fall, though pressure is rising. On Wednesday, German commentators are outraged over the postponement, with one calling on Berlin Mayor Klaus Wowereit to resign. |
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German Drug Bust
Farmer, 74, Grows Cannabis Crop by Mistake A Bavarian farmer wanted to grow sunflowers on a spare patch of land but ended up with a thriving crop of cannabis that earned him a visit from drug enforcement officials. He said he had planted the field with old bird food, not realizing that it contained hemp seeds. |
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Picture This
A Well-Earned Break |
