EUro Trouble

Unsolicited Advice

Obama’s Euro-Crisis Lecture Is ‘Pitiful and Sad’

US President Obama has given the Europeans a harsh lecture on the dangers of their ongoing debt crisis. Offended by the unsolicited advice, Europeans have suggested the US get its own house in order first. Obama’s remarks were “arrogant” and “absurd,” German commentators say on Wednesday. more…

Maoist Barroso: national governments can’t be trusted 

Barroso Calls for More Power for EU Institutions  (BANKERS should be afraid — very afraid. The new man gunning for them is a former Maoist revolutionary)

European Commission President Jose Manuel Barroso has said in an interview that the EU’s institutions need to be strengthened to stabilize the euro zone, arguing that national governments can’t be trusted to take determined action. Meanwhile, former German Finance Minister Peer Steinbrück says it’s time to openly admit that Greece is practically bankrupt. more…

Operation successful, patient dead:

Can Free Web Content Save The Guardian?

The Guardian has been losing money for years. But whereas the New York Times has begun charging for online content, the British daily has staked its future on giving away its journalism for free. The media world is watching with bated breath.”   Don’t laugh:  “Journalistic Success, Economic Failure”–  By Isabell Hülsen more…

Middle East: Return of the Islamists

For starters, they didn’t need to return, they were always there. Six  months late and cluelessly baffled, 2 SPIEGEL journo’s smell the coffee:

A Questionable Form of Freedom for North Africa

The autocrats are gone, but who will inherit power in Libya, Tunisia and Egypt? Islamist influence is significant across the region and conservative political groups are flexing their muscles. The coming months will determine just how much democracy North Africa can support. By Clemens Höges and Thilo Thielke more… [ Forum ]