eurozone crisis

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By Gideon Rachman

A rare beast has reappeared in Europe. In recent years, there were no confirmed sightings. But in the past few weeks, this shy animal – known as “good news” – has been spotted in various European locations.

Gideon Rachman

Gideon Rachman blogs on how damaging the trial of Costas Vaxevanis will be for Greece.  Read more

Gideon Rachman

President François Hollande at the Elysee palace on October 15 (BERTRAND LANGLOIS/AFP/GettyImages)

François Hollande’s interview with a group of European newspapers this week makes for interesting reading – particularly if you are in Berlin, as I am. It really serves to emphasise how large the gap between the French and the Germans currently is.

I tried out Hollande’s statement that – “We are near, very near to an end to the eurozone crisis” on a variety of German officials yesterday. This was met with a mixture of wry smiles and incredulity. The most positive reaction I got was from one official who said – “Well, it’s nice there are still some optimists in Europe.” Read more

Esther Bintliff

German chancellor Angela Merkel with Greek prime minister Antonis Samaras on October 9 in Athens (Thanassis Stavrakis/AFP/GettyImages)

The last time Angela Merkel visited Greece was in 2007 – which, incidentally, was also the last year the country recorded positive economic growth. Greece has seen its annual output shrink ever since; its economy rocked by a debt crisis, its political leaders repeatedly forced to go cap in hand to its richer eurozone cousins. Of these, Germany is the most important, but opinion polls suggest its public has long grown impatient with Athens’ failure to keep its promises. Locked in an embrace that neither would have chosen – Germany attempting to pull Greece out of its fiscal crisis; Greece, ever more dependent on Berlin’s support, but resenting its interference – the question is whether the two countries will hug tighter, or finally break apart. Could Merkel’s meeting with Antonis Samaras on Tuesday herald a friendlier era? Read more