| SPIEGEL ONLINE | INTERNATIONAL NEWSLETTER |
| Compiled on October 02, 2012, 06:17 PM CET |
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The Manbij Experiment
Rebels Make a Go of Governing in Liberated City Rebels have taken responsibility for the administration in the first major city to be liberated in Syria. Bashar Assad's troops have answered the provocation with targeted air strikes on schools and hospitals. The regime is pulverizing large parts of the country's infrastructure, including access to fresh drinking water. |
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'Dangerous Territory'
Concerns Mount that ECB Bond-Buying Program Is Illegal The markets have celebrated Mario Draghi's announcement that the European Central Bank will embark on unlimited purchases of sovereign bonds from crisis stricken countries. But are such purchases really legal? Draghi's own justification for the program leaves plenty of room for doubt. |
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Interview with Economist Joseph Stiglitz
'The American Dream Has Become a Myth' The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview with SPIEGEL, he accuses the industry of preying on the poor and buying government policies that help them get richer. |
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Georgia Votes for Change
Saakashvili Concedes General Election Defeat The results of Georgia's parliamentary election on Monday herald the first democratic transfer of power since the Caucasus country won independence in 1991. President Mikheil Saakashvili has been humiliated by his billionaire rival Bidzina Ivanishvili and conceded defeat on Tuesday. |
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Holy Bond Loosens
Austerity Creeps Up on Greek Orthodox Church The Greek Orthodox Church has managed to cling onto many of its economic privileges, despite austerity stinging nearly all other parts of the country's society. But after numerous scandals have revealed corruption and embezzlement in the Church, more Greeks appear to be demanding sacrifice. |
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Financial Sector Reform
EU Presents Plan to Tame Banks The EU on Tuesday recommended breaking off investment banking from retail banking and other risky investment activities to protect savers and taxpayers in future crises. However, they stopped short of calling for banks to be broken up into entirely separate entities. |
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Plunging Sales
Germany Infected by European Automotive Plague Car sales in Germany plunged in September, ending the country's surprising resistance to the ongoing crisis in the European automotive industry. Overall, the sector is facing its worst performance in the European Union in 17 years -- and there is no turnaround in sight. |
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The World From Berlin
'Electric Cars Are Far Too Expensive' The German government said last year it wanted to see 1 million electric cars on the road by 2020. But this week it conceded that the goal is probably out of reach. Media commentators argue that battery-powered cars are too expensive and don't have a long enough range to make them attractive to consumers. |
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Picture This
Pretty in Pink |
