The European Union has unveiled a banking crisis plan with a multibillion-euro fund to prevent future bank collapses. But Germany worries that a centralized authority in Brussels could cost it a lot of money.
Ukrainian guest workers help plug the gaps left by mass emigration from Lithuania. But Lithuanians don't really want more foreigners settling in their country. Konstantin Eggert in Vilnius investigates.
The central bank said it will "provide all the liquidity the banks need" as the Turkish lira continues to tumble. Prosecutors have meanwhile threatened to go after those who "threaten economic security."
The EU lent Greece the funds to keep it from bankruptcy. Austerity was a harsh process that was often unfair — but lenders saw no real alternative. Tuesday marks the start of a new experiment, DW's Bernd Riegert writes.
Turkey's central bank has shown it has teeth, hiking interest rates beyond expectations to quell inflation and calm investor nerves. But as recession looms and Erdogan growls, Turkey is not quite out of the woods.
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