| SPIEGEL ONLINE | INTERNATIONAL NEWSLETTER |
| Compiled on November 23, 2012, 06:02 PM CET |
| INEVITABILITY OF DEBT The Faustian Bargain between States and Banks States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk. |
| THE END OF FINANCIAL TIMES DEUTSCHLAND Germany Hit by Wave of Newspaper Bankruptcies For years, Germany had seemed largely immune to the print-media woes washing over the US. In recent weeks, though, the country's newspaper industry has been hit by a pair of high-profile bankrupcies. On Friday, the respected Financial Times Deutschland became the latest victim. |
| DEADLOCK IN BRUSSELS EU Budget Summit Heading toward Failure Despite hours of talks in Brussels on Thursday night, European Union leaders made little progress toward agreement on the bloc's budget for the years 2014 to 2020. Britain and other countries have remained steadfast in their demands for cuts. A second summit looks to be the only likely outcome. |
| OPPOSITION OPPOSED German-Swiss Tax Evasion Deal Blocked in Berlin Germany's center-left opposition torpedoed a long-awaited tax treaty with Switzerland on Friday, saying it didn't go far enough in solving the problem of tax evasion. A compromise may still be found, but the vote leaves the deal teetering on the brink of failure. |
| FORGETTING FUKUSHIMA India Pursues Massive Nuclear Expansion The 2011 disaster at Japan's Fukushima plant led many countries to turn away from nuclear power. But a growing population and rising economy has prompted India to massively expand its nuclear program -- even in the face of technological worries and fervent opposition. |
| THE WORLD FROM BERLIN Siemens Problems 'Can Hardly Get Worse' Engineering giant Siemens is in the hot seat after it was revealed on Thursday that the company will be unable to deliver high-speed trains on time, spelling delays and cancellations this winter in Germany. Media commentators say that company management is to blame for this and other recent disasters. |
| OUT ON THE RIGHT On Being Gay, Conservative and Catholic Jens Spahn is a conservative parliamentarian. He is also gay. In a SPIEGEL interview, the 32-year-old describes how this has informed his political career and assesses how far Germany has come on civil rights for gays and lesbians. |
| THE AGE OF EXCESS Berlin in the Golden Twenties After the devastation of World War I, cultural life blossomed and reached its heyday in Berlin. The 1920s were a time in which all the arts, both old and new, were cold, raw, shocking and sharp-edged. But the "live fast, die young" ethos would be cut short by the rise of the Nazis. |
| PICTURE THIS Bow Hunting |
