German Chancellor Angela Merkel praised Spain's efforts at austerity. It was her first visit to Madrid since conservatives won power there and implemented the most severe budget cuts in Spain's democratic history. But those cuts may not be enough to keep Spain afloat.
South African Oscar Pistorius failed in his attempt to win the 100-meter sprint and regain his title as the world's fastest amputee, losing to Great Britain's Jonnie Peacock. American Richard Browne, 21, of Jackson, Miss., won the silver medal.
As Syrians flee war in their homeland, many come to Lebanon, which has not built tent cities as other countries in the region have. Some Syrians are taking up residence in Palestinian refugee camps that have existed for more than six decades.
German beer drinkers are eagerly awaiting Sept. 22, when the first Oktoberfest beer barrel will be tapped in Munich. But when that happens, they might want to drink up — because the city's brewers are worried they won't be able to supply enough beer for the two-week party that will follow.
The European Central Bank announced Thursday that it will increase purchases of government bonds to bring down interest rates for heavily indebted countries in the eurozone. President Mario Draghi's plans were sharply criticized by some, who argue that the European Central Bank, unlike the U.S. Federal Reserve, has only one mandate — to keep prices stable and it isn't supposed to set interest rates.
Robert Siegel speaks with economist Ken Rogoff of Harvard University about the European Central Bank's announcement that it will buy some government bonds from eurozone countries to help resolve the ongoing debt crisis.
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