The Local Germany

Merkel, Sarkozy vow to solve eurozone crisis

Mon, 09 Jan 2012 16:30:00 +0100

The leaders of Germany and France put aside their differences on a controversial tax of financial market transactions and promised to speed up various measures to ease the eurozone crisis, as the euro flirted with new market lows Monday.

Berlin denies it's considering 'elite bonds'

Mon, 28 Nov 2011 12:06:00 +0100

Germany denied on Monday a report it was considering "elite bonds" to pool the debt only of eurozone countries with a top AAA credit rating as a response to its crippling debt crisis.

Irish irate as Bundestag sees budget first

Fri, 18 Nov 2011 11:39:00 +0100

The Irish and German governments became entangled in a spat on Thursday after details of the Irish budget were given to the German Bundestag, before being presented to the Irish parliament, the Dáil.

Germany welcomes changes in Rome

Sun, 13 Nov 2011 13:16:00 +0100

Chancellor Angela Merkel has said that she is expecting the formation of a new Italian government to have a stabilizing effect on the eurozone.

Eurozone crisis fund ready to help Italy

Fri, 11 Nov 2011 12:11:00 +0100

The eurozone's crisis fund is ready to help Italy if requested, but this week's market volatility is an obstacle to increasing its firepower, the German head of the European Financial Stability Facility (EFSF) said on Friday.

European leaders give Greece a final ultimatum

Thu, 03 Nov 2011 07:05:00 +0100

Germany and France have warned Greece it will not get “one more cent” from the European Union or International Monetary Fund unless Athens abides by the terms of a rescue deal agreed upon last week.

Court stops fast-track bailout fund committee

Fri, 28 Oct 2011 13:29:00 +0200

Germany's top court Friday stopped a new fast-track committee appointed to approve emergency measures to tackle the eurozone crisis, potentially slowing decisions by the eurozone paymaster.

Merkel pleased by euro debt solution

Thu, 27 Oct 2011 09:23:00 +0200

German Chancellor Merkel said she was happy that eurozone members agreed to leverage the bailout fund to €1 trillion and banks accepted a 50 percent loss on Greek debt in order to overcome the continent’s debt crisis.

Opposition vents fury over new EFSF extension

Wed, 19 Oct 2011 18:00:00 +0200

German opposition parties have demanded another parliamentary vote following reports that the French and German governments are planning to expand the eurozone financial safety net even further.

Merkel manager attacked euro fund sceptic

Sun, 02 Oct 2011 12:54:00 +0200

Extraordinary exchanges between senior members of Angela Merkel’s Christian Democratic Union in the run-up to last week’s crucial vote on the euro bail-out fund have come to light, prompting claims of anti-democratic bullying.

Eurozone to pour cash into stability fund

Mon, 26 Sep 2011 09:37:00 +0200

European countries may beef up their financial rescue fund beyond the amount agreed in July, the EU finance commissioner Olli Rehn said in comments to be published in a Germany newspaper Monday.

Berlin prepares for Greek insolvency

Sun, 11 Sep 2011 11:22:00 +0200

German Finance Minister Wolfgang Schäuble is making preparations for a Greek insolvency, according to newsweekly Der Spiegel.

Germany says eurozone can't save Italy

Sun, 07 Aug 2011 13:38:00 +0200

Advisors in the German government think the eurozone's bailout fund won't be enough to save Italy from its current crisis, according to a media report.