Tag: Wolfgang Schaeuble

• Thursday, June 28th 2012 - 07:43 UTC

  German cabinet approves plan to balance federal budget three years earlier

  

  As was anticipated and ahead of a crucial European Union leaders summit Chancellor Angela Merkel’s Cabinet approved on Wednesday a spending plan that balances Germany’s federal budget three years earlier than required by its own rules.

• Monday, May 14th 2012 - 19:11 UTC

  Germany prepares to receive Hollande but insists on tight austerity measures

  

  The European Union cannot amend agreed rules on tighter fiscal discipline despite voters' rejection of austerity policies in several countries, and France's new leader must understand this, Germany's finance minister said.

• Sunday, April 1st 2012 - 08:24 UTC

  Euro-zone builds firewall but calls for bigger global financial emergency fund

  

  European governments called for a bigger global financial emergency fund after engineering a firewall to fight the region’s debt crisis that tops the symbolic 1 trillion dollars mark.

• Monday, February 27th 2012 - 04:47 UTC

  G-20 wants second 2 trillion dollars global Euro-zone rescue package by next April

  

  The world's leading economies worked to line up a deal in April on a second global rescue package worth nearly 2 trillion dollars to stop the Euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.

• Monday, February 13th 2012 - 07:11 UTC

  The Euro edges up as Greece votes austerity plan: Germany not convinced

  

  The Euro edged up on Monday after Greece's parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players worried about more hurdles before lenders seal a bailout deal.

• Monday, December 12th 2011 - 04:56 UTC

  German Finance minister confident EU agreement will solve Euro debt crisis

  

  German Finance Minister Wolfgang Schaeuble said agreements reached at an EU summit this week will solve the Euro zone's debt crisis and that Germany needs a strong Europe.

• Wednesday, December 7th 2011 - 01:57 UTC

  Obama sends Geithner in support of the ‘Merkozy” Euro rescue plan

  

  US Treasury Secretary Timothy Geithner threw his weight on Tuesday behind a Franco-German plan to tackle the Euro zone's sovereign debt crisis and said the European Central Bank had to play a major role in any solution.

• Wednesday, December 7th 2011 - 01:54 UTC

  S&P downgrade warning, “the best news” to find an EU solution, says Schaeuble

  

  German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.

• Tuesday, November 29th 2011 - 05:53 UTC

  Markets react positively to talks for speeding the EU decision making process

  

  Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

• Monday, October 17th 2011 - 17:28 UTC

  Germany warns Greek bondholders will have to accept steeper ‘hair-cut’

  

  Germany lowered expectations of a breakthrough in the Euro zone's sovereign debt crisis next weekend, saying Sunday's EU summit will not produce a final solution, and kept up pressure on banks to accept bigger write-downs on Greek debt.