Germany has said it will not be “blackmailed” into renegotiating Greece’s rescue program should a new hard left government take office after elections later this month. The Euro dropped to a nine-year low after a report in Der Spiegel magazine on Monday that Berlin was no longer opposed to Athens leaving the currency bloc.
German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%.
Germany's Angela Merkel said on Monday after meeting French premier Manuel Valls that she was impressed by the number of reforms Paris had launched, but deferred to Brussels on the halting French efforts to reduce its public deficit.
French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.
A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.
German Chancellor Angela Merkel assured Brazil on Sunday that she will do her utmost to bring to successful end negotiations for a cooperation and free trade deal between the European Union and Mercosur.
At least eleven heads of state and government have confirmed their attendance at the opening ceremony of the World Cup, next Thursday (12th), in São Paulo, and a total of 20 leaders will be watching World Cup matches.
German Chancellor Angela Merkel has said she wants former Luxembourg Prime Minister Jean-Claude Juncker to become the next EU Commission president. But some European leaders have voiced opposition to the move, including the British government who argue that Mr. Juncker is too much of an EU federalist and called for a lengthy process to find consensus.
Brazil, Argentina and Chile presidents figure among the list of the 25 most powerful women in the world according to the latest release from Forbes. Dilma Rousseff ranks in fourth place, Cristina Fernandez 19 and Michele Bachelet, 25. Only nine heads of state figure in the 100 names list.
Six out of 10 Europeans are “not that interested” in the European Parliament elections later this month, according to a poll released ahead of Friday's Europe Day events and despite huge efforts by campaign managers to make the ballot more relevant.