Tag: Wolfgang Schaeuble

• Saturday, April 29th 2017 - 08:36 UTC

  EU-27 meet in Brussels to discuss joint strategy for UK Brexit negotiations

  

  European Union countries are meeting in Brussels to discuss a joint strategy for negotiations with the UK over Brexit. Twenty-seven countries will be present, but the UK will not take part. The EU will insist that progress must be made in talks on separating the UK from the EU, before any discussions can begin about future trade relations. Official talks between London and the EU will not begin until after the UK general election on 8 June.

• Saturday, June 11th 2016 - 05:53 UTC

  “Please don't go”, Der Spiegel's Saturday special German-English edition

  

  German Finance Minister Wolfgang Schaeuble warned Friday that if Britain voted to leave the European Union, it wouldn't have access to the single market like non-members Norway and Switzerland do.

• Friday, April 22nd 2016 - 08:16 UTC

  Draghi defends ECB easy money policy despite sharp criticism from Germany

  

  European Central Bank President Mario Draghi brushed off German criticism of his ultra-loose monetary policy on Thursday and vowed to use all the tools at his disposal for “as long as needed.” He said the ECB's policy was working, which helped boost the Euro.

• Saturday, September 12th 2015 - 09:51 UTC

  Germany warns global economy faces financial bubble: too much central banks stimuli

  

  The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. The comments come after the European Central Bank (ECB) said it would extend its stimulus program if needed.

• Wednesday, March 18th 2015 - 08:20 UTC

  EU main economies announce plans to join China-led development bank, despite US warning

  

  France, Germany and Italy on Tuesday announced plans to join the Chinese-led development bank AIIB, drawing concern in Washington which views the institution with skepticism. The three European countries want ”to become founding members of the Asian Infrastructure Investment Bank (AIIB)”, they said in a statement.

• Thursday, December 19th 2013 - 05:41 UTC

  Euro-zone agrees on banking reform, another step towards banking union

  

  Euro-zone finance ministers have agreed on a long-awaited pact on how to deal with failing banks in the region. It aims to create a 55bn euro fund - financed by the banking industry, over the next 10 years. The fund would be backed by a new agency, which will decide on how to deal with failing banks.

• Wednesday, March 20th 2013 - 08:00 UTC

  Germany warns Cyprus ‘banks might never reopen’ if terms of bailout are rejected

  

  Germany's finance minister has warned Cyprus that its crisis-stricken banks may never be able to reopen if it rejects the terms of a bailout. Wolfgang Schaeuble said major Cypriot banks were “insolvent if there are no emergency funds”.

• Thursday, October 11th 2012 - 23:28 UTC

  IMF asks for “a bit more time” for Greece and Spain but Germany says it will affect confidence

  

  The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

• Tuesday, September 4th 2012 - 01:25 UTC

  Germany stands firm: ECB is not prepared to supervise all Euro zone banks

  

  German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all Euro zone banks, saying it should instead focus only on systemically important institutions.

• Wednesday, July 25th 2012 - 07:04 UTC

  Germany and France express support for Spain but markets demand more than words

  

  German Finance Minister Wolfgang Schaeuble and his counterpart from Madrid said Spain’s borrowing costs don’t reflect the strength of its economy as they pledged to work toward deeper integration to fight the debt crisis.