Search Results for: Angela Merkel
Germany’s Finance Minister Calls on Lawmakers to Back Greek Bailout Extension
February 27th, 2015
Wolfgang Schäuble spoke to German lawmakers ahead of a parliamentary vote Germany’s finance minister called on lawmakers to back a four-month extension of Greece’s bailout, arguing that voting against the bill would cause Germany’s future “great damage.” “Greece needs much ...
Greek goverment raises concern over payment to IMF in March
February 27th, 2015
The Euro Working Group discussed Greece’s imminent funding problems on Thursday amid mounting concern about how the country will meet its obligations next months. Earlier in the day, Minister of State for Coordinating Government Operations Alekos Flambouraris suggested that ...
Eurogroup: EU “Trojan Horses” and cracks in the wall
February 20th, 2015
Friday’s Eurogroup is expected to be a tough day of negotiation and a last chance for a “mutually beneficial” situation Finance Minister Yanis Varoufakis’ proposal for a six-month extension of its bailout facility was rejected by Germany that won’t ...
Greek PM Tsipras in Brussels as clock ticks on EU bailout (Video)
February 12th, 2015
Greece‘s radical new prime minister Alexis Tsipras was in Brussels on Thursday to lay out his case for more financial help to fellow EU leaders following finance ministers’ failure to narrow differences overnight. The summit chairman, conservative former Polish ...
Greece ‘may go elsewhere for new deal on debt’
February 10th, 2015
The Greek defence minister has said Greece could turn to the US, Russia or China if it fails to reach a new debt agreement with the eurozone. Panos Kammenos, who heads the junior coalition partner Independent Greeks, said Greece ...
Athens prepares a compromise before Eurogroup
February 10th, 2015
Plan entails ‘bridge program’ to September, possible use of loan tranche Government sources Monday gave a preview of the proposal planned for Wednesday’s crucial Eurogroup summit, foreseeing a bridge program linking to a “new deal” with creditors that would ...
Greece Asks ECB to Keep Banks Afloat, Tsipras Pitches Deal
February 2nd, 2015
Greek Prime Minister Alexis Tsipras began the hunt for allies against German demands for austerity as his week-old government appealed to the European Central Bank not to shut off the money tap. Tsipras traveled to Cyprus on Monday before ...
Germany Stands To Be Big Winner of Much-Opposed ECB Stimulus
February 2nd, 2015
Germany, the biggest opponent of the European Central Bank’s new stimulus program, is poised to reap immediate benefits from the effort—an irony that underscores the complexities of designing one monetary policy for the 19-member currency area. The ECB’s program, ...
Euro Extends Slide on ECB Outlook; Asian Stocks, Oil Slip
January 5th, 2015
The euro weakened to an almost nine-year low and Asian stocks fell amid concern Greece will exit the European currency union. Oil slumped to its lowest level since 2009, while silver and Chinese shares climbed. The euro depreciated 0.5 percent to ...
What now for Putin after EU tightens Russia sanctions?
December 22nd, 2014
The pressure on the rouble has eased a bit, so the Russian president will just keep on sticking two fingers up until something gives. There is no sign of a détente in the new Cold War between Russia and ...
