Tag: Angela Merkel

German Finance Minister Wolfgang Schaeuble said he believes the embattled eurozone is already past the peak of its three-year-long debt crisis, citing positive developments in Greece and France. In an interview with mass-circulation Bild to appear in Friday’s edition, Schaeuble

Germany’s Chancellor Angela Merkel (left) speaks with Greece’s Prime Minister Antonis Samaras in October 2012 in Athens. Germany said Monday it will balance its budget two years earlier than expected as its relative resilience to the debt crisis has enabled

Archbishop Desmond Tutu and two other Nobel Peace laureates have written to the foundation in protest at the decision to award the 2012 prize to the European Union. The “EU is clearly not ‘the champion of peace’ that Alfred Nobel

(AP) BERLINGerman Chancellor Angela Merkel says Europe’s sovereign debt crisis will last at least five more years. Merkel says the continent is on the right path to overcome the crisis but “whoever thinks this can be fixed in one or two

This morning’s key headlines from GenerationalDynamics.com: Turkey asks Germany for help with PKK terrorists Erdogan’s visit to Germany highlights some major differences Eurozone unemployment reaches new historic high Still no progress on Greece’s next bailout payment Turkey asks Germany for

This morning’s key headlines from GenerationalDynamics.com Tens of thousands protest against austerity in Greece Neo-Nazi Golden Dawn party gains support in Greece Greeks shocked at Golden Dawn attack on Corpus Christi play performance Hungary’s neo-Nazi Jobbik party demonstrates against Roma

By HAROLD HECKLE and JORGE SAINZAssociated PressMADRIDThe Spanish government will inject another (EURO)6 billion ($7.5 billion) into its bank rescue fund to cope with growing problems in its financial sector as it awaits a loan from its 16 partner countries

By BARRY HATTON and HAROLD HECKLEAssociated PressMADRIDSpain’s ailing banks won’t likely need to tap all the €100 billion ($125.7 billion) that’s been made available by the country’s euro partners, Economy Minister Luis de Guindos said Monday. In a further indication

This morning’s key headlines from GenerationalDynamics.com Angela Merkel praises Canada for not ‘living on borrowed money’ Greece postpones request for extension of austerity requirements Spain’s debt spiral accelerates at high speed In ironic twist, Assad’s planes kill ally’s kidnap victims

The new French Socialist government launched tax rises and spending cuts on Wednesday to meet budget targets as growth flags, with the eurozone debt crisis burning on and Italy falling behind. The French cabinet approved action to adjust the budget

(AP) Slovakia: no more patience for European bailoutsBERLINSlovakia’s prime minister says people in his country have run out of patience with European rescue measures and more aid can only be offered if troubled eurozone nations get their finances in order.

By NICHOLAS PAPHITIS and ELENA BECATOROSAssociated PressATHENS, GreeceGreek conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted

HAROLD HECKLE and ALAN CLENDENNINGAssociated PressMADRIDSpain’s borrowing costs broke through another record Thursday after a credit ratings agency downgraded the country’s ability to pay down its debt amid rising fears a bank bailout may not be enough to save the

By JUERGEN BAETZAssociated PressBERLINGerman Chancellor Angela Merkel and the country’s opposition leaders failed to reach an agreement on a European growth initiative in a new round of talks Wednesday, according to participants. Merkel and top opposition lawmakers held talks at

Germany is facing the growing problem of an aging population with a birth rate estimated at 1.6 children per woman. To remedy this issue, the government has decided to bribe parents into having more children. It recently proposed a monthly

(AP) Court official to be appointed Greek interim PMBy ELENA BECATOROSAssociated PressATHENS, GreeceGreece appointed a senior judge Wednesday as prime minister of a caretaker government that will lead the country to repeat elections next month. The move comes as Greece

The head of the European Commission said Wednesday there was “no way” of changing the terms of a 130-billion-euro bailout agreed with Greece, as Athens prepares to return to the polls. As official news in Athens pegged June 17 as

(AP) Lightning hits French president’s plane, none hurt  PARIS – French officials say that new President Francois Hollande’s plane was hit by lightning en route to Berlin. They say no one was hurt but that the plane returned to Paris as

European stock markets fell in opening trade on Monday, rattled by ongoing political uncertainty in Greece. London’s benchmark FTSE 100 index slid 0.80 percent to 5,531.21 points, Frankfurt’s DAX 30 shed 1.31 percent to 6,494.25 points and in Paris the

Outgoing French leader Nicolas Sarkozy’s cabinet met for its last session on Wednesday as president-elect Francois Hollande held talks with top Socialists to gear up for next month’s parliamentary vote. Hollande also held consultations on forming a government and preparing

Chancellor Angela Merkel faced a knife-edge state election on Sunday that could provide vital clues to Germany’s political landscape 16 months before a national vote likely to hand her a third term. With most eyes fixed on critical national elections

By GEIR MOULSONAssociated PressBERLINGermany defended its pro-austerity stance on Tuesday, with Chancellor Angela Merkel and two ministers pressing for Europe to stick with a policy of fiscal discipline in spite of the latest bout of political uncertainty. Financial markets in

With recession looming in debt-struck Europe, governments face growing pleas to move away from all-out austerity and inject growth policies as leaders struggle to revive their economies. European Union leaders used two summits this year to begin discussions on how