Tag Archives: german chancellor angela merkel

Europe hit by downgrade speculation

Italian Premier Mario Monti attends a debate at the lower chamber in Rome, Thursday, Jan. 12, 2012. Monti says he would support a new tax on financial transactions so long as it applies to the European Union as a whole. Speaking after meeting Wednesday with German Chancellor Angela Merkel, Monti indicated his preference for such [...]

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Referendum could come sooner as EU debt deal nears completion

euro crisis Europe’s top officials aim to complete their political work on a new European debt deal by the end of this month, meaning the Government here will have to face a decision on a possible referendum much earlier than politicians had hoped. Meanwhile, France and Germany are pressing ahead with a financial transaction tax, [...]

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France, Germany clash over ECB role to stem crisis (Reuters)

PARIS/ROME (Reuters) ? France and Germany, Europe’s two central powers, clashed on Wednesday over whether the European Central Bank should intervene more forcefully to halt the euro zone’s accelerating debt crisis after modest bond purchases failed to stop the rout. Facing rising borrowing costs as its ‘AAA’ credit rating comes under threat, France appeared to [...]

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Euro zone rescue plans shrouded in doubt (Reuters)

BRUSSELS (Reuters) ? A split between the International Monetary Fund and the European Union is threatening to delay Greece’s next aid payment in another blow to European efforts to stem the debt crisis. An admission by French President Nicolas Sarkozy on Wednesday that Berlin and Paris were divided over how to make the euro zone [...]

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