German Court Approves Rescue Fund

Wall Street Journal

German Court Approves Rescue Fund Wall Street Journal By HARRIET TORRY and GEOFFREY T. SMITH Germany's highest court cleared the way for the euro zone's permanent bailout mechanism to go ahead. Dow Jones's Jenny Paris and Martin Essex discuss what the court ruling means and how markets reacted to the ... Euro hits highest since Mid-May on German rulingMarketWatch Stocks, euro gain on German ruling; Fed in focusReuters Euro rises to 4-month high on German rulingThe Associated Press Economic Times all 4,079 news articles »

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Greek PM meets austerity inspectors over further cuts

Greece's prime minister started a new round of negotiations today with representatives of the country's bailout creditors, who are demanding a fresh set of controversial austerity cuts to release the next batch of rescue loans the country desperately needs to stay afloat.

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Germany Hopeful Court Will Bless Euro Rescue Fund

Telegraph.co.uk

Germany Hopeful Court Will Bless Euro Rescue Fund ABC News The German government anticipates the country's highest court will this week reject a complaint seeking an injunction against ratification of the eurozone's permanent rescue fund. The spokesman of Chancellor Angela Merkel says Monday the government is ... Euro zone may collapse if states reject reforms-German trade assnReuters Euro Crisis Confronts Tests in German Court, Greek InfightingBusinessweek Debt crisis: Break-up fears as France contracts - liveTelegraph.co.uk Economic Times all 395 news articles »

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Greece frozen out of EU summit debates

The nightmare of EU leaders gathered for Thursday’s crucial summit in Brussels is not the deadlock in a tug-of-war between North and South over a roadmap towards “genuine” fiscal and banking union backed by some form of Eurobonds, which Berlin vehemently rejects.

The real horror, according to Wednesday’s article by Reuters is a possible failure of the next Spanish bond auction that would prompt “solvency worries to Italy and (...)

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Greeks Face German Nemesis as Bailout Battle Moves to Soccer

Greeks Face German Nemesis as Bailout Battle Moves to Soccer San Francisco Chronicle Updates with comments from Merkel in 17th paragraph. See CHAMP for Euro 2012 coverage.) June 21 (Bloomberg) -- Chancellor Angela Merkel will be ...

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Greece swears in new prime minister

Greece moved to end its protracted political impasse Wednesday, swearing in a new prime minister to lead a largely pro-bailout coalition tasked with saving the country's place in the eurozone and easing a European financial crisis with global repercussions.

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Samaras to Name New Greek Government as Euro Area Ministers Meet

TIME

Samaras to Name New Greek Government as Euro Area Ministers Meet Businessweek By Maria Petrakis and Natalie Weeks on June 20, 2012 Greek Prime Minister Antonis Samaras is set to announce the members of his government today after securing agreement from the country's political leaders on a coalition that will seek relief from ... Antonis Samaras: The Aristocrat Who Now Leads Austerity-Ridden GreeceTIME Greece has new government, says Pasok party chiefSydney Morning Herald Greek coalition takes power, promises to revise bailoutReuters The Guardian -New York Times -Voice of America all 1,790 news articles »

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Samaras to Name New Greek Government as Euro Area Ministers ...

Globe and Mail

Samaras to Name New Greek Government as Euro Area Ministers ... Bloomberg Greek Prime Minister Antonis Samaras is set to announce the members of his government today after securing agreement from the country's political leaders on ... Greek coalition takes power, promises to revise bailoutReuters Greek conservative leader Samaras sworn in as prime minister of ...Washington Post Greek conservative head Samaras sworn in as prime minister amid ...Fox News San Jose Mercury News -Chicago Tribune all 11,477 news articles »

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Greek coalition takes power, promises to revise bailout

Greek coalition takes power, promises to revise bailout WAMC Samaras, a Harvard-educated economist from a prominent Greek family, will head an alliance of his New Democracy party and Socialist PASOK rivals - the ... and more »

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Starving Greeks for food in their thousands as politicians finally form a coalition government... but how long will it last?

Desperate Greeks have lined up for free food handouts as the country finally gets a government. The conservative-led alliance vowed to renegotiate Greece's crippling bailout terms in order to ease the devastating hardship faced by millions of citizens.

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Chancellor Merkel to attend Germany-Greece quarterfinal at Euro ...

Christian Science Monitor

Chancellor Merkel to attend Germany-Greece quarterfinal at Euro ... Washington Post BERLIN — The German government says Chancellor Angela Merkel will travel to Germany's European Championship quarterfinal match against Greece — a ... German Chancellor Merkel to Travel to Greece MatchABC News With elections behind them, Greece goes to bat with GermanyChristian Science Monitor all 670 news articles »

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Europe gets lengthy homework assignment from G-20

CBC.ca

Europe gets lengthy homework assignment from G-20 MarketWatch WASHINGTON (MarketWatch) — The Group of 20 leaders presented a lengthy homework assignment to their European colleagues and said it was critical that some of the work be completed at the European Union summit meeting later this month. Barack Obama 'confident' in eurozone crisis resolutionTelegraph.co.uk World Leaders Weigh Stimulus Vs. Austerity at G-20ABC News European Shares to Open Lower; Euro Zone Crisis Still WeighsCNBC.com Houston Chronicle -New York Times all 5,434 news articles »

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German press review: 'Greece still divided after vote'

German papers say the Greeks still have a long way to go even after this weekend's election which temporarily mollified worries that the country would elect a government that wants out of the eurozone.

Greece 'national coalition' urged

The leader of Greece's election winning party begins talks to form a national coalition, after receiving a formal mandate from the president.

More time for reforms in Greece?

The Greek elections were watched very closely in Berlin. With the results in, German politicians are sending signals to Athens to stay the course of austerity - but hinting that the process may be slower.

Germany Relieved Over Greece, Rejects Critics of Austerity

The Guardian

Germany Relieved Over Greece, Rejects Critics of Austerity Wall Street Journal (blog) German politicians expressed relief but continued to press Greece to ... In exchange, Germany suggested that Greece could be given more time to carry out ... Euro 2012: Greece to take on Germany in ultimate grudge matchThe Guardian John Kampfner: Greece may be the epicentre – but this is a ...The Independent Greece Goes to the PollsDaily Beast SmartCompany.com.au -PolicyMic all 1,751 news articles »

Greeks Are Going to Polls Again, Afraid No One Will Win

New York Times

Greeks Are Going to Polls Again, Afraid No One Will Win New York Times ATHENS — Greeks head to the polls on Sunday for the second time in two months with a pervasive sense of dread that any government that comes to power will fail to resolve the political and economic turmoil that threatens the country's future — and the ... Greek vote could unleash seismic shocks for euroReuters Greeks face crucial election dilemmaABC Online World braces for Greek election falloutSydney Morning Herald Times of India -Bloomberg -The Guardian all 2,889 news articles »

Osborne says Greece may have to quit euro

LONDON (Reuters) - Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Chancellor of the Exchequer George Osborne suggested in remarks certain to enrage euro zone leaders. As the EU's biggest economy and largest contributor, Germany holds the key to how the bloc can rescue its troubled, smaller economies and whether Europe is able to agree on a banking union to end 2-1/2 years of debt turmoil. ...

UK's Osborne says Greece may have to quit euro

CNBC.com

UK's Osborne says Greece may have to quit euro Reuters LONDON, June 13 (Reuters) - Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Britain's finance minister George Osborne suggested in remarks certain to ... We Will Keep Greece in the Euro Zone: LeftistsCNBC.com Greek Syriza Leader Says Europe Cannot Afford To Let Greece FailWall Street Journal Greece 'will exit' eurozone after electionABC Online Deutsche Welle -MarketWatch -BBC News all 648 news articles »

Merkel may sacrifice Greece to save euro, says Osborne in bid to get voters to back steps to save currency

The Chancellor indicated that Germany may need the inevitable crisis that would follow a Greek exit to persuade its own voters to step in.