Tag: Angela Merkel

• Monday, May 3rd 2010 - 02:24 UTC

  Euro Zone and IMF Agree to 110 Billion Euro Aid for Greece; Summit in Brussels

  

  Euro zone members and the IMF have agreed to a 110 billion Euro (146.2 billion US dollars) three-year bailout package to rescue Greece's embattled economy. In return for the loans, Greece will make major austerity cuts which Prime Minister George Papandreou said involved “great sacrifices”.

• Saturday, May 1st 2010 - 00:30 UTC

  German Court Says not Releasing Files on Nazi Criminal Eichmann “Unlawful”

  

  A German court said Friday the government had no legal basis to keep under wraps secret files on Adolf Eichmann, the Nazi architect of the Holocaust, potentially paving the way for their release.

• Wednesday, April 28th 2010 - 03:18 UTC

  Delayed Planned Bailout Forcing Greece Closer to Technical Default

  

  Shares across the globe fell sharply after German chancellor Angela Merkel said bond investors in Greece may have to take a hit even if a bail-out is agreed. With Merkel facing increased domestic opposition to the planned bailout and with elections imminent she has been talking tough, demanding Greece pay higher interest on any money it borrows than was originally agreed.

• Saturday, April 24th 2010 - 00:53 UTC

  First Tremors of Euro Seism: Greece Asks for Financial Rescue Package

  

  Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis. It had hoped that just the promise of EU support, agreed last month, would have been enough to reassure markets and help its recovery.