Germany

German Corporations in Alleged Financial Scandals in Greece

Several big German corporations are allegedly involved in corruption in Greece as former executives are to appear in Greek courts, according to an AFP report. Siemens, Daimler, Rheinmetall have allegedly bribed Greek politicians in order to get contracts in the...

Greece's Refugee Burden Lightens Some After Germany Suspends Dublin Treaty

Germany has suspended the EU's Dublin Regulation regarding asylum-seeking Syrian refugees and has stopped deporting them to the country of entry to Europe. This means that Greece will not have to register thousands of refugees who have crossed to...

German Bundestag Approves Greece's Bailout Agreement

The German Bundestag approved on Wednesday Greece's third bailout agreement after Chancellor Angela Merkel lobbied her party's lawmakers stressing that the deal is in Europe's interest. After a three-hour session, the majority of the German lower House voted in favor...

Bundesbank Optimistic About the Future of Greece's Economy

Germany's Central Bank, the Bundesbank, expressed an optimistic outlook on the Greek economy on Monday, Reuters reported. The Eurogroup agreed to a three-year 86-billion-euro bailout deal on Friday. The German parliament will vote to approve the bailout program on Wednesday, with the result of...

Finnish Foreign Minister: 'Greece to Trouble Eurozone for Decades'

Finland's eurosceptic Foreign Minister Timo Soini stated that he expects Greece to cause trouble to the Eurozone for many decades to come. He called on the International Monetary Fund (IMF) to participate in Greece's third bailout program. "Unfortunately, this problem will be...

German Company Set to Take Over Operations of 14 Greek Airports

Following the finalization of the third Greek bailout, privatizations and operation takeovers of Greek pubic assets are expected to recommence. Greek newspaper "Kathimerini" reported that German Fraport AG and Slentel Ltd will soon complete the takeover of the operation of 14 Greek airports. The...

Survey Shows Germans Do Not Believe in Greek Bailout Deal

German financial newspaper Handelsblatt conducted a survey on the Greek bailout deal that yielded results demonstrating negative perceptions from German citizens toward the deal. The Greek Parliament ratified the third bailout deal with international creditors on Friday morning. The Eurogroup will convene later...

Germany Poses Threat to Greece's Bailout Agreement

Germany poses a potential threat to Greece's bailout agreement as the cash-strapped country rushes to complete it in order to get disbursement of funds before August 20. German Chancellor Angela Merkel faces resistance from within her party to hold a...

Study: Greek Crisis Benefited Germany More than 100 Billion Euros

A new study by a German think tank revealed that Germany has gained more than 100 billion euros since 2010 due to the Greek crisis. "The debt crisis resulted in a reduction in German bund rates of about 300 basis points...

Germany Sceptical Over Greek Bailout Deal

Germans are sceptical over the fast paced negotiations between Greece and creditors and say that a bridge loan would be better than a comprehensive agreement. Ralph Brinkhaus, deputy parliamentary floor leader of Chancellor Angela Merkel's CDU party, said Greece's bailout...