Euro Crisis

Leaders Worry Euro Crisis Will Lead to North-South Divide

Northern nations doing better than southern nations, leading to fears of split.


European ministers warned Thursday that the debt crisis risks splitting Europe between north and south in an echo of the east-west division of the Cold War, as pressure mounted on Greece.

"Two decades after the fall of the Berlin Wall, a new split threatens to divide our continent, this time between north and south," the foreign ministers of Germany and the three Baltic states said in joint statement released in Lithuania.

That spectre was also raised Thursday by Finland's European Affairs Minister Alexander Stubb.