Europe

'Greece Should Leave' Patience with Athens Nearing an End in Germany

'Greece Should Leave'
Patience with Athens Nearing an End in Germany

Der Spiegel

6 August 2012

Even as Greece's leading creditors expressed satisfaction with a new agreement aimed at labor market reforms, patience in Germany is running out. The tone among politicians allied with Chancellor Merkel is growing sharper.
The good news is that Greece is not going to go bankrupt -- at least not this month. Despite Athens facing a €3.2 billion ($3.96 billion) bond repayment in August and rapidly running out of cash, the European Central Bank (ECB) last week rubber-stamped a request from the Bank of Greece, allowing it to boost the amount of money it can loan to the Greek government. The move should keep the country's head above water at least until September.

Interview with Italian Prime Minister Mario Monti 'A Front Line Between North and South'

Interview with Italian Prime Minister Mario Monti
'A Front Line Between North and South'

Der Spiegel

6 August 2012

In a SPIEGEL interview, Italian Prime Minister Mario Monti says Europe is showing traces of a "psychological dissolution" in the debt crisis and that leaders are doing too little to stop it. He also warns that governments cannot allow themselves to become "fully bound" to parliament in determining policies to save the euro.

Destertec can be much more than a “Eurotunnel” project for Europe’s energy

Destertec can be much more than a “Eurotunnel” project for Europe’s energy

06 August 2012.

“It is great once you have it but a nightmare getting there,” was the response from Paul van Son, CEO of the Desertec Industrial Initiative, to this opening question during his presentation of the “Desertec” project at the German Marshall Fund’s latest roundtable discussion on the potential for the development of renewable energy in North Africa and linking it into Europe through five interconnectors.

Draghi can't offer a quick solution

Draghi can't offer a quick solution

Deutsche Welle

2 August 2012

The expectations were enormous ahead of the European Central Bank's monthly meeting. People were talking about "unlimited firepower" and "whatever it takes." But the announcements at the end were disappointing.

NATO Review - Homegrown terrorism: how the EU sees it

NATO Review - Homegrown terrorism: how the EU sees it

http://www.youtube.com/watch?v=LUGPnXPAjfg&feature=youtu.be

Ghost town hostage to Cyprus stalemate

Ghost town hostage to Cyprus stalemate

By Ayla Jean Yackley

FAMAGUSTA, Cyprus

Thu Aug 2, 2012

(Reuters) - Barbed wire and concrete-filled oil drums surround Maria Riri Myles' family apartment in a snake- and rat-infested no-go zone of northern Cyprus occupied only by patrolling Turkish soldiers. But it still feels like home.

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