Tag Archives: Germany

Merkel-Hollande Meeting Yields Greece Growth Signal

May 16, 2012

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German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro. Requests for measures to bolster growth will be “considered” and the European Union may also “approach Greece with proposals,” Merkel [...]

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Greece Euro-Exit Debate Goes Public

May 10, 2012

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From the monetary fortress of the European Central Bank to the pro-European duchy of Luxembourg, policy makers are beginning to air their doubts that Greece can stay in the euro. “If Greece decides not to stay in the euro zone, we cannot force Greece,” German Finance Minister Wolfgang Schaeuble said at a conference sponsored by [...]

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European Stocks Fall Before Election Weekend, Jobs Data

May 4, 2012

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European stocks dropped as investors awaited the American payrolls report today and elections in France, Greece, Italy and Germany this weekend. U.S. index futures were little changed, while Asian shares fell. Royal DSM NA, the world’s largest maker of vitamins, declined 2.1 percent after Bank of America Corp. downgraded its recommendation for the stock. Rio [...]

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Global Growth Seen Subdued, Still Very Reliant on Asia

April 20, 2012

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The global economy is set to expand by a modest 3.3 percent this year as a still-smoldering euro zone debt crisis and a relatively slow U.S. recovery continue to leave Asia as the main driver of growth, Reuters polls showed on Thursday. Asian economies, as well as Latin America, are expected to pick up the [...]

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German Exports Unexpectedly Rose for Second Month in February

April 10, 2012

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German exports unexpectedly increased for a second month in February, led by demand from outside Europe. Exports, adjusted for work days and seasonal changes, rose 1.6 percent from January when they gained 3.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a drop of 1.2 percent, according to the median of 10 [...]

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Germany’s Crisis Role Under Pressure as G-20 Rebuffs Call to Help Europe

February 27, 2012

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Germany was left to dig deeper to combat the euro-area debt crisis after the Group of 20 nations told Europe to come up with more financial firepower before they consider lending outside support. The decision by G-20 officials to rebuff European calls for assistance in their crisis-fighting effort pending an increase in its own financial [...]

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Europe Seals New Greek Bailout to Avert Default

February 21, 2012

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Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts. After 13 hours of talks, ministers finalised measures to cut Greece’s debt to 120.5 percent of gross domestic product [...]

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Euro Zone Seeks Central Banks’ Help in Greek Bailout

February 20, 2012

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Euro zone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to 170 billion euros ($224.2 billion). Figures seen by the Financial Times reveal Greece needs 136 billion euros in fresh bail-out funding from the [...]

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Europe Demands More Greek Budget Controls

February 16, 2012

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Europe’s creditor countries struggled to bridge divisions over a rescue of Greece, seeking more control over how future aid is spent as the clock ticked toward a possible default next month. Stocks and the euro fell. In a replay of the brinkmanship that marked the early stages of the Greek crisis two years ago, euro-area [...]

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