• Germany's historic dilemma and its global consequences

    Germany has a choice: Abandon the eurozone and face stalled growth, or prop up its ailing eurozone partners. Neither is good for Germany.

    FORTUNE -- Germany is facing a maddeningly difficult choice that could shape the future not just of the European community, but the world economy. Now that the European debt crisis is spreading to nations far too big for temporary bailouts, Germany must decide between two extremely unattractive options. MORE

    - Aug 23, 2011 5:00 AM ET
  • Europe's debt crisis: Expect more trouble

    If eurozone leaders can't get ahead of the current crisis, instead of just plugging holes, they'll never find a solution.

    By Shriti Vadera, contributor

    FORTUNE -- The bailout agreement reached this summer to stop Europe's downward spiral did not even buy time for its sacrosanct August holidays. Within two weeks of the pact, a reluctant European Central Bank was forced to step into the breach and buy Italian and Spanish bonds to MORE

    Aug 19, 2011 5:00 AM ET
  • Germany's bleating bankers

    As a thrifty export powerhouse, Germany often puts the United States to economic shame.

    But don't despair: its bankers are every bit as irresponsible and politically powerful as ours.

    That's why German banks and their supposed masters are lobbying the European Banking Authority to weaken the stress tests that are due out in coming months. Their sauerbraten is that the EBA is trying to make banks hold higher-quality capital to ensure that shareholders, rather than taxpayers, MORE

    - Jun 6, 2011 2:52 PM ET
  • Which hurts worse, to fire or furlough?

    Now that unemployment has stabilized, it's time to ask whether the U.S. handled the downturn properly by laying off millions of workers instead of reducing their hours.

    At a time when economies around the world still face high unemployment following a very deep global recession, policy makers are debating the best way to handle downsizing. A recent study by the Brookings Institution highlights the question, suggesting that the U.S. might have something MORE

    - Mar 22, 2011 1:28 PM ET
  • German talk on euro is cheap

    Germany is changing its tune, but you can barely hear it above all the creaking and wheezing in the euro zone.

    German finance minister Wolfgang Schauble this weekend ruled out ejecting a faltering country from the European common currency. He said the consequences would be "unforeseeable" and potentially as disruptive as the 2008 demise of Lehman Brothers.

    That's a welcome sign someone in Germany is coming to grips with reality. German leaders have spent recent months criticizing the MORE

    - Dec 13, 2010 6:36 AM ET
  • Will Germany's crackdown backfire?

    Will Germany's crackdown on speculators throw gasoline on the euro bonfire?

    In a bid to tamp down speculation in volatile bond markets, Germany's financial authorities moved Tuesday to ban naked short sales of eurozone debt and the use of credit default swaps by those who don't hold the underlying bonds. Germany also banned naked short sales of the stock of 10 major financial firms, including Deutsche Bank (DB) and insurer Allianz.

    Reports MORE

    - May 19, 2010 6:26 AM ET
  • The hypocrisy of the Germans

    Maybe Teutonic discipline isn't all it's cracked up to be.

    Fortune's Katie Benner notes today that the euro zone's crisis has given Germany a chance to throw its ample weight around. Default fears in Greece, and to a lesser degree Portugal, have sent investors rushing into both gold and its closest paper equivalent,  German government debt. In an echo of the flight to safety that has sent U.S. Treasury yields tumbling, MORE

    - May 12, 2010 11:01 AM ET
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