Schaeuble
Economy
Papademos Says He Will Remove Dissenters Because Default Would Bring Misery
ATHENS – Facing a growing mutiny in his shaky coalition government against austerity measures demanded by international lenders in return for a second bailout to keep Greece from going bankrupt, interim Prime Minister Lucas Papademos has told any dissenters...
Economy
Greece Debt Reduction Deal Nears, but Second Needed
ATHENS – Just as Greece is seeking a second bailout to keep its economy from failing and defaulting on its loans under the weight of a staggering $460 billion debt - $41,818 for every man, woman and child in...
Economy
Greeks Including Venizelos Reject Idea of EU Budget Czar for Greece
ATHENS – Starting with Finance Minister Evangelos Venizelos, whose position effectively would become moot, Greek officials said they will not go along with a proposal by Germany for the European Union to appoint a budget commissioner to oversee Greece’s...
Economy
Schaeuble: Greece Must Ultimately Solve Its Problems
Euro-zone nations can stall for time but ultimately Greece must solve its own issues, German Finance Minister Wolfgang Schaeuble said Monday.
"Euro-zone solidarity has its limits," said Schaeuble at a seminar on the Future of Europe held at the University...
Economy
Second Greek Bailout May Be In Jeopardy
As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing the biggest part of a failed $152 billion bailout for Greece, said it will take...
Economy
In Washington, Venizelos Tries to Convince Skeptical World
Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning in debt and misery over deep pay cuts, tax hikes and slashed pensions while tax...