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Critics argue that, at best, the way this new fund will work is ambiguous, and that it signals a disturbing move away from transparent bail-outs.
ECONOMIST: Fiddling while Marunouchi burns | The
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Germans still fret about moral hazard: a bail-out would mean that Greece gets away with years of irresponsible fiscal policy and could set a bad precedent for other euro delinquents.
ECONOMIST: Greece's fiscal crisis
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Ways out: Murdoch may walk away and take a big writeoff or German banks could bail out Kirch.
FORBES: Battling Billionaires
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During the three-day bail hearing, held in a dark, stuffy Pretoria courtroom, defense attorney Barry Roux hammered away at the credibility of Botha and the entire police investigation.
CNN: Botha, former Pistorius detective, off police force
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The conservative tabloid has never shied away from accusing southern Europeans of being lazy, nor has it stopped deploring the cost Germany shoulders to bail out other nations, but turning against the euro itself remains unthinkable.
NPR: Anti-Euro Party A Wildcard In German Elections