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Angela Merkel

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  • BERLIN, July 5- Bundesbank chief Jens Weidmann has warned Angela Merkel's cabinet that a Greek exit from the euro zone would rip billions of euros out of the German budget, German business daily Handelsblatt reported on Sunday, citing government sources. The paper said that Weidmann had warned that the costs of a Grexit would hit Bundesbank profits, which flow...

  • BERLIN, July 5- Bundesbank chief Jens Weidmann has warned Angela Merkel's cabinet that a Greek exit from the euro zone would rip a hole worth billions of euros in the German budget, German business daily Handelsblatt reported on Sunday citing government sources. The paper said Weidmann had warned that the costs of a Grexit would hit Bundesbank profits, which...

  • INSIGHT-A Greek challenge for "Mr Europe" Juncker Saturday, 4 Jul 2015 | 5:21 AM ET

    *European Commission president sees vote as danger to EU. BRUSSELS, July 4- It's sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a' Yes' vote in a referendum on which he says hangs the future of Europe- and his own career. "A' Yes'... would have a significance... well beyond Europe," he tells voters.

  • FACTBOX- What looms for Greece after referendum Friday, 3 Jul 2015 | 3:29 AM ET

    ATHENS, July 3- Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt. Greece's left-wing government has openly urged Greeks to vote' no'. But given Athens faces major debt payments later this...

  • BERLIN, July 2- German Finance Minister Wolfgang Schaeuble, whose tough stance in bailout talks with Greece has turned him into a hate-figure there, has surged to a new high in popularity at home, with 70 percent of Germans saying they approve of the job he is doing. A survey for public broadcaster ARD showed the 72- year-old Schaeuble is more popular than his boss,...

  • BERLIN, July 2- Germany has abandoned plans for a levy on coal-fired power plants but will reduce brown-coal power generation to safeguard its 2020 carbon-reduction targets, coalition leaders agreed on Thursday. The plans, which follow months of wrangling within Angela Merkel's government, were welcomed by industry but condemned by environmental groups...

  • Plight of Greek pensioners heaps pressure on Tsipras Thursday, 2 Jul 2015 | 3:18 AM ET

    *Lines of pensioners create powerful symbol of crisis. ATHENS, July 2- Long lines of pensioners jostling to get into a limited number of banks opened specially to pay out retirement benefits have become a powerful symbol of the misery facing Greece and the problems mounting for Prime Minister Alexis Tsipras. Mindful of the fact that many older Greeks do not use...

  • BERLIN, July 2- The German government decided on Thursday to order the shutdown of several coal-fired plants in order to reach its ambitious climate goals by 2020, government sources told Reuters. Chancellor Angela Merkel and the leaders of her two junior coalition parties also settled a dispute over high-voltage power lines which are planned to carry green...

  • *Schaeuble says situation in Greece much worse since Tsipras. A day after Greece became the first advanced country to default to the International Monetary Fund, frustration in Berlin bubbled over, with politicians openly questioning whether they could negotiate in good faith with Tsipras if he survives a Greek referendum he has called for Sunday.

  • FACTBOX-Timeline to negotiations on new Greek bailout Wednesday, 1 Jul 2015 | 9:48 AM ET

    Two letters from Prime Minister Alexis Tsipras to creditors on Tuesday came too late to secure an extension to the previous bailout which expired at midnight, just as Greece defaulted on a 1.6 billion-euro debt repayment to the IMF. -Eurogroup, which next meets by conference call at 1530, could agree that Greece is in need of financial assistance- not a major...

  • REFILE-SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 9:14 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 8:37 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Prime Minister Alexis Tsipras has told international creditors Greece could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal. With queues forming at many cash...

  • BERLIN, July 1- There are no differences of opinion on Greece between German Chancellor Angela Merkel and her finance minister, Wolfgang Schaeuble, a government spokesman said on Wednesday. "Between the chancellor and the finance minister there is no difference in views on Greece," spokesman Steffen Seibert told reporters. He was responding to a question about a...

  • Greece accounts for less than half a percent of German exports. FRANKFURT, July 1- German industry is beginning to call for Greece to quit the euro zone, having already pared back what business it had there, and now fearing that a continuation of the crisis could spoil a nascent recovery in the rest of Europe. The glimmer of a divergent view by a group that generally...

  • *Scepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept their last bailout offer if some conditions were changed, but Germany expressed scepticism while saying the door was still open for negotiations. German Chancellor Angela...

  • UPDATE 2-France to keep pushing for Greek deal - Sapin Wednesday, 1 Jul 2015 | 5:57 AM ET

    *Berlin plays down suggestion of policy rift with Paris. PARIS, July 1- France will keep pushing for a deal between Athens and its creditors ahead of Sunday's referendum, Finance Minister Michel Sapin said on Wednesday, hours before euro zone finance ministers were due to hold a new crisis conference call. Last-minute overtures by Greece to international...

  • FOREX-Euro dips after Greek IMF default, data eyed Wednesday, 1 Jul 2015 | 4:21 AM ET

    LONDON, July 1- The euro dipped again on Wednesday after Greece became the first advanced economy to default on an IMF loan and a raft of economic data may distract investors only briefly from last-ditch efforts to keep the country in the single currency. Strategists at a number of international banks have said the euro will fall sharply if it finally becomes...

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...