| SPIEGEL ONLINE | INTERNATIONAL NEWSLETTER |
| Compiled on July 10, 2012, 06:35 PM CET |
| Bigger Delay to ESM Court May Take Longer to Rule on Euro Measures The German Constitutional Court may take several months, rather than the expected three weeks, to decide on a request that it issue a temporary injunction blocking measures to rescue the euro. Finance Minister Wolfgang Schäuble urged the court to hurry up Tuesday, warning that a delay could lead to a further market turbulence. |
| German To Lead Permanent Bailout Fund A Success and a Setback for Berlin in Brussels Klaus Regling has mostly acted behind the scenes in the euro crisis, but on Tuesday EU finance minister elevated him to one of the most powerful positions in the fight to save the euro. He will now lead the permanent euro bailout fund. German Finance Minister Wolfgang Schäuble, however, failed to secure support to become Euro Group president. |
| Green Light for Bailout Euro Group Agrees to Lend Spain 30 Billion Euros At their meeting in Brussels on Monday evening, the Euro Group of euro-zone finance ministers agreed to lend 30 billion euros to Spain to help its troubled banks. They could not, however, agree on who should succeed Jean-Claude Juncker as head of the group. He will now stay in his position until the end of the year. |
| German Labor Minister on Euro Rescue 'The Constitution Still Provides Us with Leeway' Germany's highest court on Tuesday is considering legal challenges to the ratification of the EU's long-term euro bailout fund and fiscal pact. In an interview, German Labor Minister Ursula von der Leyen discusses her government's euro rescue policies and why she believes the German constitution still provides plenty of leeway for further European integration. |
| A Brutal Assault Democracy Loses as Romania Spins out of Control No longer is the government in Romania characterized merely by mistakes, excesses and professional incompetence. Prime Minister Victor Ponta has launched a brutal attack on the country's institutions, democratic principles and the rule of law. |
| The World from Berlin Uncertainty 'Hindering a New Beginning for Egypt' Newly elected Egyptian President Mohammed Morsi, who met with German Foreign Minister Guido Westerwelle on Tuesday, seems intent on challenging the ruling military council. German commentators question what the power struggle will achieve. |
| Incontinence at the Vatican Pope Takes German Satire Magazine to Court German satire magazine Titanic believes it has found the source of the Vatican leaks, and the pope is not amused. Benedict XVI has taken the publication to court after it published an image of him soiling himself. |
| Waves of Lawsuits Pending Barclays Affair Rocks European Banking Industry The LIBOR rate-fixing scandal has sent a shock wave through the whole European financial industry. A number of other banks are suspected of having manipulated interest rates, and Deutsche Bank has already suspended two employees. Experts warn of a wave of lawsuits that could ruin some institutions. |
| Calling All Swimmers There's a Crocodile on the Loose in Bavaria Police in Germany have closed off a lake after a swimmer had an encounter with a crocodile, luckily escaping with a scratch. The reptile is still on the loose and officials are searching for both the creature and its owner. |
| A Very Heavy Legacy Strong Head Winds for Air Berlin Thanks to a contract negotiated by its founder, the ailing German airline Air Berlin is being forced to lease expensive aircraft from tourism giant and shareholder TUI. The company supplies its own pilots and flight crew, and employees at Germany's second-largest airline are upset to see them earning as much as one-third more. |
| Reutlingen's Mini-Record World's Narrowest Street Endangered by Entropy The small, German town of Reutlingen boasts the narrowest street in the world, with a width of just 31 centimeters, and tourists come from far and wide to scrape through it. But the record is at risk because a side wall is bulging out into the passageway. Soon, it may cease to be a street. Locals are concerned. |
| Picture This Fish out of Water |
