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Economy

'Alliance between banks and governments at the heart of eurozone crisis'

The 'monstrous irresponsibility' of European banks contributed to the current euro crisis, says Edmund Phelps. But at its core lies a fatal collusion between governments and banks, argues the Nobel Winner in Economics.

Edmund Phelps

Banks can't be allowed to calculate their own risks, says Phelps

DW.DE

'Germans have to realize that a central bank has to provide liquidity'

Last year's Nobel laureate for economics tells Deutsche Welle that Germany must accept that the ECB has to act as a lender of last resort. But Dale Mortensen also supports Berlin's quest for fiscal unity. (09.12.2011) 

IMF chief warns of 1930s-style depression

IMF head Christine Lagarde, speaking in Washington, said the world economic outlook is "quite gloomy" and warned that failure to act collectively could lead to a 1930s-style slump. (16.12.2011) 

Merkel calls for a sustainable solution to Europe's problems

German Chancellor Angela Merkel has given a speech to the German parliament explaining the decisions taken at last weekend's EU summit. She sees Germany taking a leadership role in resolving the bloc's debt crisis. (15.12.2011) 

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Transatlantic voices

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More on this topic

Senator George McGovern

'I feel a kinship with the people patrolling in front of Wall Street' 24.10.2011

In an interview with Deutsche Welle, former Democratic presidential candidate George McGovern explains why he wants to visit the Wall Street protestors and why Barack Obama will do better in a second term.
Mark Blyth

Greece, Lehman, and the politics of Too Big To Fail 17.10.2011

The looming second banking crisis raises the question whether banks have learned anything from the Lehman debacle only three years ago. They have indeed learned a lesson, writes Mark Blyth, but you may not like it.

Alvaro de Vasconcelos

BRIC countries must prove their mettle on Syria 19.09.2011

It's high time the so-called BRIC states - Brazil, Russia, India and China - confront the Syrian regime, if they want to be seen as global players with a growing influence, writes Alvaro de Vasconcelos.

Extremism

Students stand behind a candle altar during a memorial ceremony for victims of far-right violence in Germany at the Concert Hall at the Gendarmen Markt in Berlin, Thursday, Feb. 23, 2012. (Foto:Markus Schreiber/AP/dapd)

Silence for neo-Nazi victims

Three months after investigators uncovered a neo-Nazi cell that murdered 10 people, Germany is commemorating the victims of far-right extremists with a memorial service in Berlin and a nationwide moment of silence.

Memorial honors victims of neo-Nazi terrorism

Climate

The rain forest in Brazil

Brazil's climate fund

Brazil fights climate change with a fund flush with cash from the country's oil industry.

EU touts benefits of energy roadmap