Angela Merkel
Economy
Coalition Partners Talks Postponed For a Day
German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
Failure to...
Economy
Angela Merkel: Can’t Finalize Greek Aid Today
European leaders won’t finalize Greece’s second aid program today because talks with banks over debt reduction aren’t completed, German Chancellor Angela Merkel said.
Leaders are also awaiting a European-International Monetary Fund assessment of Greece’s current needs and the status of...
Economy
Merkel Now Doubts That Greece Can Be Saved
ATHENS – After backing Greece to the hilt for nearly two years, and additionally ensuring the support of her country, which contributes the most to an ongoing attempt by international lenders to save Greece, German Chancellor Angela Merkel now...
Economy
Bloomberg: ECB Says "No" to Haircut on its Own Greek Debt
The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings, as the debt was acquired for monetary policy purposes, according to Bloomberg, citing two people familiar with the Governing Council’s stance.
While the ECB faces...
Economy
PASOK Loses Support as Papandreou Clings to Power
ATHENS – As former Prime Minister George Papandreou’s PASOK Socialists have fallen to new lows in surveys that show the party is in danger of being overtaken by the Democratic Left and even the Communists, he said he will...
Economy
Germans Remain Optimistic and Continue to Give Economic Advice to Greece
ATHENS – As German Foreign Minister Guido Westerwelle arrived in Greece on Jan. 15 for talks with political leaders of the debt-crushed and cash-starved country, with a message of support from European officials, German Chancellor Angela Merkel said Greece...
Economy
Merkel: Greece Can Rebuild its Economy
Greece can rebuild its economy by itself with structural reforms, despite the austerity measures that have been imposed on the country, German Chancellor Angela Merkel said in a radio interview on Sunday.
Merkel told Deutschlandfunk public radio that spending cuts...
Economy
Papandreou Changes His Mind, Refuses to Step Down as PASOK Leader
ATHENS – PASOK Socialist leader George Papandreou, who had promised to step down so that his party could have a new leader and candidate for Prime Minister in elections scheduled for April, said he won’t give up just yet...
Economy
Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures
ATHENS – Some 21 months after Greece began to impose harsh pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs of public workers in a desperate attempt to keep from defaulting on loans, although it is...
Economy
Merkel Says Greek Deal Needed Before Other Reforms
German Chancellor Angela says the euro zone’s top priority for the beginning of this year is to secure a second aid package for Greece.
After meeting with the Italian Prime Minister Mario Monti in Berlin Merkel said the Greek...