Showing posts with label Germany. Show all posts
Showing posts with label Germany. Show all posts

Tuesday, August 13, 2013

German Finance Ministry Rules Out New Debt Writedown for Greece

August 12, 2013, 6:48 a.m. ET
By Harriet Torry

BERLIN--Germany's finance ministry on Monday stuck with its steadfast rejection of further debt relief for Greece, despite a weekend news report suggesting even the country's central bank expects a new Greek aid package will be necessary by the beginning of next year at the latest.

Wednesday, August 7, 2013

German Orders Gain Most in Eight Months in Recovery Sign

By Jeff Black - Aug 6, 2013
German factory orders increased by the most in eight months and U.K. industrial production beat forecasts in June, adding to evidence of a nascent recovery in Europe. Italy’s economic contraction slowed.

Friday, April 26, 2013

Greece is right to expose German loans hypocrisy

The Guardian
As the Athens-Berlin spat intensifies, both sides must approach the eurozone crisis with humility or face dire consequences

Adolf Hitler's military chief, Walther von Brauchitsch, centre, and colleagues at the Acropolis in Athens, Greece, in 1941. Photograph: Roger Viollet/Getty Images
Greece forgets much of its history when it demands Germany repays loans made during the second world war.

Wednesday, March 27, 2013

The Euro Zone’s Slinky Economy


March 27, 2013, 11:32 AM EST
ByAlen Mattich
The Wall Street Journal
Remember the Slinky, the toy spring that compresses and extends to walk down stairs, bounce off tables and generally amuse children for minutes at a time?

Well, the Slinky is a fair mechanical approximation of the euro zone economy.

Except it’s not so entertaining.

Thursday, December 27, 2012

German economy to grow "decently" in 2013 - Finance Minister


BERLIN | Thu Dec 27, 2012 12:37pm GMT
 (Reuters) - Germany's economy will expand at a decent rate next year, underpinned by exports to countries outside the euro zone, Finance Minister Wolfgang Schaeuble said.

Tuesday, December 4, 2012

History Shows Why Germany Should Help Greece


By John Sfakianakis Dec 4, 2012 1:37 AM GMT+0200
Bloomberg
Germany’s Chancellor Angela Merkel has at last opened the door to the possibility of writing off Greek debts, but only several years from now. As they decide on the right thing to do, Germans should take a close look at their own history.

Saturday, December 1, 2012

Merkel says understands Germans' frustration over Greece: paper



                     
              FILE - In this Nov. 30, 3012 file picture German Chancellor Angela Merkel casts her vote at the German federal parliament, Bundestag, in Berlin, Germany, Friday, Nov. 30, 2012. The German Parliament has given its overwhelming backing to a deal aimed at trimming Greece's debt load and keeping the country financially afloat. Lawmakers voted 473-100 on Friday to back the complex deal reached by European finance ministers earlier this week. Germany's chancellor says in an interview published saturday Dec. 1, 2012  she understands the frustration felt by many Germans over the repeated bailout programs for Greece.  But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps stabilize the 17-nation eurozone on which Germany's prosperity depends.  (AP Photo/Michael Sohn, File)
 (AP Photo/Michael Sohn, File)
BERLIN| Fri Nov 30, 2012 6:01pm EST
(Reuters) - German Chancellor Angela Merkel said she understood her compatriots' doubts about a bailout deal for Greece, but insisted in an interview that aid for Athens was in the interests of Berlin and all euro zone members.

Wednesday, November 28, 2012

Europe’s Plan C for Greece Is No Better Than Plans A or B


Bloomberg
Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and B: adequate debt relief.

Sunday, November 18, 2012

Euro zone, IMF make progress on Greece: Juncker


By Matthias Inverardi
BIELEFELD, Germany | Sat Nov 17, 2012 9:12am EST
(Reuters) - Euro zone governments and the International Monetary Fund (IMF) are making headway in settling a row over how to make Greece's debt manageable, Eurogroup President Jean-Claude Juncker said on Saturday.

Tuesday, October 30, 2012

Germany, France Say November Key to Keeping Greece in Euro


By Tony Czuczka and Brian Parkin on October 30, 2012
France and Germany will strive over the next four weeks to stop Greece from unsettling markets as officials work to put the country’s faltering bailout plan back on the rails, French Finance Minister Pierre Moscovici said.

Monday, October 22, 2012

Greek savings are a 'sensational achievement'


EUROZONE CRISIS

DW.DE
European parliament member Jorgo Chatzimarkakis explains why the Greek government has done a good job in handling the state debt crisis so far - but why it also needs more time.

Sunday, October 21, 2012

DER SPIEGEL: Germany Is Considering A Buy-Back Plan To Slash Greece's Huge Pile Of Debt


Alexandra Hudson, Reuters   | Oct. 21, 2012, 8:11 AM
BERLIN (Reuters) - Germany's Finance Ministry is considering a debt buy-back as a possible way of reducing Greece's huge debt pile which threatens to rise well above a target level of 120 percent of GDP by 2020, according to German news magazine Spiegel.

Friday, October 19, 2012

EU leaders clash on fiscal powers as Greeks protest



Nikolia Apostolou and Sumi Somaskanda Special for USA TODAY
European leaders meet to discuss fiscal unity amid disagreement over how to achieve it and protests over budget cuts in Greece.

Tuesday, October 16, 2012

Softening stance on Greece, Merkel rules out default


(Reuters) - Chancellor Angela Merkel has ruled out letting Greece default on its debt, in the latest sign Berlin is softening its stance towards Athens ahead of an eagerly awaited report on its reform progress from the "troika" of international lenders.

Friday, October 12, 2012

Germany holds firm on Greece as IMF pressure mounts


By Antoni Slodkowski and Julien Toyer
TOKYO | Fri Oct 12, 2012 4:34am EDT
(Reuters) - Germany held firm on Friday in insisting it was too soon to say Greece deserved more time to meet its budget-cutting goals even as the head of the IMF laid out the case for leniency.

Wednesday, October 10, 2012

Greece’s biggest cheerleader: Angela Merkel


Posted by Anthee Carassava on October 9, 2012 at 3:53 pm
 The Washington Post
ATHENS, Greece – Last summer, as a team of top European leaders huddled in a Brussels ballroom to discuss the continent’s deepening debt crisis, Antonis Samaras walked into a hostile reception.

Tuesday, October 9, 2012

Athens Braces for Visit by Merkel


Security Is Boosted as Authorities Fear Protests Could Grow and Overshadow Mission to Show Unity
By PHILIP PANGALOS and JAMES ANGELOS
ATHENS—The Greek capital was bracing for a security clampdown as Prime Minister Antonis Samaras welcomed German Chancellor Angela Merkel on Tuesday on her first visit to Athens since the debt crisis began.

Monday, October 8, 2012

Greece: Merkel's euro headache returns

http://www.bbc.co.uk/news/world-europe-19868571
The moment will be watched closely. On Tuesday the German Chancellor, Angela Merkel, will visit Athens. It will be her first visit to Greece since the crisis erupted nearly three years ago.

Tuesday, September 25, 2012

A Fragile Euro System Still Needs a Genuine Banking Union


By the Editors Sep 24, 2012 1:30 AM GMT+0300
Bloomberg

As recently as a couple of weeks ago, it seemed that Europe’s governments had reached agreement on the need for a banking union. This consensus, if it ever existed, is unraveling, and that’s dangerous.

Berlin Seeks to Push Back New Euro-Crisis Aid Requests


The Wall Street Journal
By MARCUS WALKER
BERLIN—Progress on two of the euro zone's most pressing concerns—containing the crises in Greece and Spain—faces holdups up in Germany, where Chancellor Angela Merkel is reluctant to ask parliament to vote on measures that are likely to raise fierce opposition from within her own coalition.