On Wednesday, Germany's constitutional court backed a permanent bailout fund for the eurozone, one of several initiatives taken by European officials to bolster the embattled euro currency. Along with a recently announced plan for the European Central Bank to buy bonds directly from debt-saddled countries, the court's blessing is the latest step toward the type of comprehensive resolution of the euro crisis that has eluded the continent for more than two years. Markets in Europe jumped on the news, with investors hopeful that Europe is finally about to turn the corner. However, analysts warned that policy-makers still face formidable challenges, starting with a rescue program for Spain, the eurozone's fourth-largest economy.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- Ted Cruz is the new Sarah Palin
- How liberals are unwittingly paving the way for the legalization of adult incest
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Watch out, China — America is working on dogfighting drones
- Why you probably don't have Ebola — even if you shook hands with America's 'patient zero'
- You're reheating pizza wrong
- 6 things the happiest families all have in common
- Fall film guide: All the movies you should see in October
Subscribe to the Week