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Politics Angela Merkel

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  • BERLIN, Aug 15- The president of the German lower house of parliament has invited lawmakers to a special session on Wednesday morning to vote on a new 86 billion euro bailout package for Greece. Norbert Lammert sent out the invitation, a copy of which was seen by Reuters, on Saturday morning after euro zone finance ministers approved the rescue at a meeting in...

  • BERLIN, Aug 13- While Chancellor Angela Merkel's focus on careful spending as a cure for the euro zone's debt problems has made her popular at home, German consumers are borrowing more to finance everything from furniture to cars. Germans, traditionally a nation of debt-averse savers, took out an average of 8,700 euros in loans last year- a rise of around 10 percent...

  • German FinMin paper says Greek MoU lacks clarity on policy Wednesday, 12 Aug 2015 | 11:11 AM ET

    BERLIN, Aug 12- Germany's Finance Ministry has criticised a memorandum of understanding agreed between Greece and its international lenders as showing "no full clarity on the direction of policies". In a two-page paper entitled "preliminary check of MoU" that was sent to officials in Brussels on Wednesday, the ministry describes Greek reform plans on debt...

  • ATHENS/ BRUSSELS, Aug 12- The European Union moved to keep Greece on a tight rein after its latest bailout, with sources saying the 85 billion euro deal will be reviewed by lenders in October and any discussion of debt relief will only come at a later stage. Greece was forced to accept tougher terms than were initially on offer and its creditors want to be sure that...

  • Germany says Greek MOU goes in "right direction" Wednesday, 12 Aug 2015 | 7:46 AM ET

    BERLIN, Aug 12- The German government welcomed an agreement on reforms between Greece and its international lenders as a "substantial result" but said it must study the deal further before deciding whether it was ripe for approval by the German parliament. "If you consider where we've come over the past months in this discussion this is a substantial result," said...

  • *Greece reaches deal in time to meet Aug. 20 debt payment. ATHENS, Aug 11- Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin. The agreement gives Greece some respite after a turbulent year marked by acrimonious talks with lenders, the...

  • *Greece reaches deal in time to meet Aug. 20 debt payment. ATHENS, Aug 11- Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin. The agreement gives Greece some respite after a turbulent year marked by acrimonious talks with lenders, the...

  • BERLIN, Aug 10- Germany pressed on Monday for strict conditions to be attached to a new bailout accord for Greece, arguing for aid payments to be tied to Athens' reform progress and holding out the possibility of a delayed final deal. The hard line from Berlin reflected popular misgivings in Germany about funnelling yet more aid to Athens and policymakers' loss of...

  • *Greece, France seek quick deal, Germany warning against haste. BRUSSELS/ ATHENS, Aug 7- Senior EU officials will confer by telephone late on Friday on progress in negotiations between Greece and its international creditors on a third bailout for the near-bankrupt euro zone country with Germany reported to be warning against haste. Athens is negotiating with...

  • *Greece, France seek quick deal, Germany warning against haste. BRUSSELS, Aug 7- Senior EU officials will confer by telephone late on Friday on progress in negotiations between Greece and its international creditors on a third bailout for the near-bankrupt euro zone country with Germany reported to be warning against haste. Athens is negotiating with European...

  • BRUSSELS, Aug 3- The battle for Europe will be won or lost in Germany. The aftermath of the euro zone's ugly all-night summit on the Greek debt crisis that ended on July 13 with a deal on stringent, intrusive terms for negotiating a third bailout has sent shockwaves across Europe, especially in Germany. "When you tour European countries, there aren't many that are...

  • ATHENS, July 29- Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. At the same time, Tsipras is under pressure from Greece's creditors to go beyond the two packages of...

  • BERLIN, July 25- Germany is willing to discuss the creation of a euro zone finance minister who would have his own budget and raise extra taxes, the German magazine Der Spiegel reported on Saturday. European Commission President Jean-Claude Juncker last month laid out a vision for tighter joint control over the currency zone's economies, including a common...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 23- Greek Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win parliamentary approval on Thursday for a second package of reforms required to start talks on a financial rescue deal. The bill that lawmakers voted on early Thursday...

  • PARIS/ BERLIN, July 22- Greece's new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters. "Francois Hollande is very good at telling others how to do their reforms," opposition French conservative Xavier Bertrand said in a dig at France's...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government tried on Wednesday to contain a rebellion in Prime Minister Alexis Tsipras' Syriza party ahead of a vote in the evening on reforms required to start talks on a rescue deal. "We are making an effort to have fewer dissenters," Health Minister...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government urged disgruntled lawmakers on Wednesday to back reforms required for talks on a rescue deal to start, as Prime Minister Alexis Tsipras faced his second major test in parliament in a week. "We are making an effort to have fewer dissenters,"...

  • ANALYSIS-In Greek crisis, one big unhappy EU family Monday, 20 Jul 2015 | 2:50 PM ET

    *Senior EU official sees 20-30 pct chance of success on Greece. The most worrying sign for European leaders is that public opinion and domestic politics are pulling them increasingly in opposing directions- not just between Greece and Germany, the biggest debtor and the biggest creditor, but almost everywhere. With central and east European states growing...

  • ATHENS, July 20- Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms. The bank closures were the most visible sign of the crisis that took Greece to the brink of leaving the euro earlier this month,...

  • Germany needs a strong Europe: Robert Hormats Monday, 20 Jul 2015 | 7:04 AM ET
    Germany needs a strong Europe: Robert Hormats

    Germany is trying to play both ends against the middle, says Robert Hormats, Kissinger Associates, sharing his thoughts on Greece and Germany's relationship with the rest of Europe.