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Eurozone debt crisis

January 30, 2012

Europe has little time left to implement critical fiscal reforms aimed at keeping the eurozone intact, avoiding a default by Greece and preventing a possible collapse of the common European currency.

https://p.dw.com/p/S8bu
A Greek protester shouting anti-government slogans
Turbulent times for the eurozone debt crisisImage: dapd

Months and months of public admonitions and warnings, coupled with feverish backroom squabbling on how to deal with the Greek debt crisis and its effects on eurozone economies, are now coming to a head as European Union leaders meet in Brussels for an EU summit. Negotiations are set for an EU budget pact, and hopes for a breakthrough are high.

DW-WORLD.DE provides an in-depth look at recent, key events.

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Reports & Analysis

A finger, a euro coin and a map of Europe

Summit fever

Germany rejects more financial aid for struggling Greece ahead of the EU summit in Brussels.
January 30, 2012
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EU will zur Fiskalunion werden # 30.01.2012 09 Uhr # Journal (englisch)

Die Schuldenkrise steht erneut im Mittelpunkt eines Sondergipfels der EU-Staats- und Regierungschefs in Brüssel. Auch Griechenland soll ein Thema sein. Überschattet wird der Gipfel von einem Streik.
January 30, 201201:31 min
Piggy bank with 50 euro notes

Fiscal union

Germany and France have pushed through a budget pact to discipline the EU's profligate spenders.
January 29, 2012
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Battling on Both Fronts - The Chancellor and the Euro Crisis

Chancellor Angela Merkel is under increasing pressure. Foreign governments want Germany to do more to counter the financial crisis. At the same time, however, she faces a challenge from her pro-business coalition partner; the FDP rejects the financial transaction tax proposed by Merkel. The levy would serve to restrict speculation against the euro.
PoliticsJanuary 27, 201203:57 min
A euro

Power struggle

Greek officials reject a German plan for it to relinquish budget control as debt talks continue.
January 28, 2012
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IMF wants eurozone growth

The head of the International Monetary Fund Christine Lagarde has called on leading eurozone countries to stimulate growth across the zone as a way out of the crisis.
January 28, 201201:39 min
Nicolas Sarkozy and Angela Merkel

The odd couple

Merkel and Sarkozy have put their differences aside - in part by establishing who's the boss.
January 27, 2012
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Tschechen lieben ihre Krone # 30.01.2012 09 Uhr # Journal (englisch)

Die Krise des Euro lässt den Glanz der Währung verblassen. So ist die Entwicklung in den neuen EU Ländern bei der Euro-einführung sehr unterschiedlich. Besonders zögerlich zeigt sich Tschechien.
January 30, 201202:28 min
Merkel speaking at the 42nd annual meeting of the World Economic Forum in Davos

Merkel in Davos

German Chancellor Angela Merkel, in Davos, has called on Europe to be 'more European.'
January 26, 2012
A traffic cone on a street

Euro crisis

The new year poses the same challenges for finance ministers: eurozone countries have much to do.
January 22, 2012
Angela Merkel and Christine Lagarde

Back to business

Eurozone talks are revving up again in Berlin, with IMF boss Lagarde the latest in line.
January 11, 2012