Downward Spiral: Southern Europe Remains Stuck in Crisis

For years, EU leaders have been trying to put a stop to the debt crisis that has been tearing apart Southern Europe. They have made little progress. Is it time for a change in strategy? By SPIEGEL Staff.

• Primary Source

ESO: Background Information: Portugal finance minister quits / / Political crisis in Portugal http://www.europeansources.info/record/portugal-finance-minister-quits-political-crisis-in-portugal/

ESO: Background Information: EU leaders flock to Berlin for jobs summit http://www.europeansources.info/record/eu-leaders-flock-to-berlin-for-jobs-summit/

EurActiv, 05.07.13: Brussels proposes loosening budget rules for struggling EU economies http://www.euractiv.com/euro-finance/brussels-proposes-loosening-budg-news-529100

Spiegel Online International, 09.07.13: 'A Toxic System': Why Austerity Still Isn't Working in Greece http://www.spiegel.de/international/europe/greek-austerity-reforms-failing-despite-billions-in-bailout-funds-a-910078.html

Open Europe: Flash Analysis, 03.07.13: The forgotten man of the eurozone returns to the headlines as Portuguese government struggles to stay afloat http://www.openeurope.org.uk/Article/Page/en/LIVE?id=12591&page=FlashAnalysis

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