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Germany

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...

German Media Focuses on IMF Hesitation to Participate in Greece's Bailout Program

Following reports that the International Monetary Fund (IMF) will abstain from taking part in Greece's third bailout program, German media assessed the fragile situation on Friday. German financial newspaper Handelsblatt noted that Eurozone countries will generally tend to postpone problems for the future and questioned...

German-Greek Cultural Association to Host Film Festival in Berlin

With the ongoing developments of the Greek crisis in the past five years, Greek-German relations are not exactly the strongest at the moment. Amid the political tension between the two countries, the German-Greek Cultural Association, founded in Berlin in 2015 in...

German Economic Advisers Propose Bankruptcy Mechanism Within the Eurozone

On Tuesday, the German "wisemen," five independent economic advisers, argued in favor of creating a mechanism that would allow Eurozone countries to go bankrupt, Reuters reported. "To ensure the cohesion of the monetary union, we have to recognize that voters...

Greek Restaurant in Berlin Serves Dishes Inspired by the Crisis

A Greek restaurant owner in Berlin, Germany, launched a limited edition menu based on the Greek crisis. Georgios Chrissidi, owner of Restaurant Z, came up with the ingenious idea that will help lighten the spirit of people in the...

Two German Publications Report on Greek Public Asset Sales

Bild and Der Spiegel, two major German publications, examined the potential sales of Greek public assets. The Greek government agreed to establish a fund that will monetize 50 billion euros of Greek public assets through privatization and other means. Bild, one of...

Greek PM Tsipras Allegedly Asked Russia for $10 Bln to Print Drachmas

Greek Prime Minister Alexis Tsipras has asked Russian President Vladimir Putin for 10 billion dollars in order to print drachmas, according to newspaper "To Vima." The newspaper report cited Tsipras saying in his last major interview to Greek national broadcaster ERT that "in order for...