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World Newspapers |
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SPIEGEL ONLINE - International
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News and POV from Europe's largest newsmagazine.
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The World from Berlin: 'There Will Be No Lasting Peace without the Taliban'
Chancellor Merkel's cabinet voted Tuesday morning to send 1,000 more troops to Afghanistan and to extend German participation in ISAF by 14 more months. Commentators, though, say the strategy in Afghanistan needs to be completely overhauled.
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Interview with Anthony Kennedy Shriver: 'Obama Clearly Has Ability to Inspire'
In an interview with SPIEGEL ONLINE, John F. Kennedy's nephew discusses Barack Obama's leadership potential, why it's difficult to compare the candidate with the former president and his gripe with Republican vice presidential candidate Sarah Palin.
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Robert Shiller on the US Bailout: 'Plugging Holes in a Sinking Ship'
In a SPIEGEL interview, Yale economist Robert Shiller discusses the causes and consequences of the global economic crisis. He argues there is a substantial risk of recession and that the next few years will be lean ones.
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Facing the Crisis: EU Finance Ministers Increase Savings Guarantee
Finance ministers from the 27 European Union member states met on Tuesday and agreed to increase the EU private savings guarantee to €50,000. But the bloc still has no strategic vision for how to confront the crisis. And none is likely to be forthcoming.
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Bailout Beat Goes On: Europe Faces Banking Crisis of Its Own
A series of government interventions are in the works as investors and politicians realize Europe is facing a banking crisis of its own.
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Knee-Jerk Reactions : EU Too Slow to Provide Answers in Financial Crisis
The current banking crisis has triggered hectic responses from European governments. First Ireland guaranteed every deposit and now other countries, including Germany, are following suit. And don't expect an EU-wide solution, either: In times of tumbling markets, the EU's institutions move too slowly.
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Three Superpowers: Why the US, Europe and China Need a 'G-3'
The current multipolar world resembles a three-legged stool with the United States, the European Union, and China being the dominant "imperial" powers. But only when there exists a viable balance of power can the stool be stable -- and a new global order emerge.
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End-of-Oktoberfest Statistics: 6.6 Million Liters of Beer, 104 Oxen and No False Teeth
It's that sad time of year again -- the Munich Oktoberfest is over. But the annual post-Oktoberfest statistics on beer and oxen consumption make for entertaining reading, as does the list of lost items which for the first time since records began does not include a set of false teeth.
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Pirates versus Weapons Dealers: Looking for the Good Guys off the Somali Coast
The pirates that captured the freighter Faina didn't know the ship was full of tanks. They also were unaware that by hijacking the vessel, they had ruined an international weapons deal that may have been illegally sending arms to Sudan.
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Credit Crisis Woes: Iceland's Financial Woes Could Push It Closer to EU
Iceland is in trouble. With credit markets frozen, the country is looking for a way to prop up its debt-laden banking system. The currency is already tanking as are stocks in some of its leading banks. Could EU membership be on the horizon?
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Narrow Escape: Python Tries to Swallow German Zookeeper
A 13-foot python called Antonia tried to eat a zookeeper in Germany by launching itself at her face and commencing the long, slow process of swallowing her up. Unfortunately for Antonia, it didn't quite work out.
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Financial Crisis in Europe: Berlin Preparing 'Umbrella' For Entire Banking Sector
Germany is working on a plan to safeguard the entire country's banking sector in the wake of Sunday's second bailout of Hypo Real Estate and its move to guarantee private bank deposits. Meanwhile, a Finance Ministry spokesperson says the value of that guarantee could surpass €1 trillion.
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Taking its Kosovo Challenge to The Hague: Serbia only Wants 'Legal Advice'
In a SPIEGEL interview, Serbian Foreign Minister Vuk Jeremic discusses his country's application for the United Nations to review the legality of Kosovo's unilateral declaration of independence. A decision is expected this week on whether the International Court in The Hague will consider the issue.
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The World From Berlin: Leaders 'Don't Grasp Scale of the Abyss Facing EU'
The EU's failure to agree a unified strategy to tackle the financial crisis shows that its leaders don't grasp how serious it is, write German commentators. It's time for politicians to stop blaming the bankers and to realize that at this point, only the state can avert a very dangerous crisis of confidence.
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Free Market Distortion: Germany Fears US Bailout Unfairly Helps Carmakers
The $700 billion bailout passed by US lawmakers on Friday may amount to indirect aid to America's ailing automobile industry, Berlin fears. Even worse, Germans are furious over a $25 billion handout to carmakers made earlier last week.
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Afghanistan Deployment: German Foreign Minister Wants to End 'Enduring Freedom' Participation
German Foreign Minister Frank-Walter Steinmeier says he wants to withdraw his country's elite KSK force from Afghanistan. The troops are participating in the US-led "Enduring Freedom," but they haven't been used in three years.
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Internet To Go: Nokia Aims to Be Number One on the Mobile Web
With its series of new Internet phones, the global leader in handset sales aims to outrace rivals.
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Response to Financial Crisis: Germany Agrees on New Rescue Package for HRE
The German government and financial sector agreed a second rescue package for mortgage lender Hypo Real Estate in Sunday night talks. The government also took the surprise step of guaranteeing private deposits, a move which could up pressure on other European nations.
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A Chapter of Dutch Art History Ends: A Tobacco Factory Closes, Sheds its Collection
Cigarette-maker BAT has built up an impressive collection of modern art at its factory in the Dutch town of Zevenaar over the last 50 years. The art was used to keep workers from getting bored. But now the factory is closing, the art is up for auction and many are unhappy.
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Crimean Power Struggle: Russia and Ukraine Jockey in the Black Sea
The naval fleets of Russia and Ukraine share the port at Sevastopol on the Crimean Peninsula. Some in Russia would like the Ukrainian city to return to the Russian fold. Many fear that a spark here could quickly lead to a larger conflagration.
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