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Sun, 20 May 2012
(Photo: Creative Commons / jvh33)G-8 leaders hope Greece remains in eurozone
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(Photo: AP / Berthold Stadler)Europen banks warned against raising Greek risk exposure
The Aug. 18, 2009 file photo shows the Angela Merkel's adviser Jens Weidmann in Berlin. According to German media reports on Wednesday, Feb. 16, 2011 Weidmann is becoming new head of the German Bundesbank....Full Story

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Rebalancing eurozone wages and productivity
| WASHINGTON — The eurozone crisis unfolded primarily as a sovereign-debt crisis mostly on its southern periphery, with interest rates on sovereign bonds at times reaching 6 to 7 percent for Italy and Spain, and even higher for other countries. And because eurozon...Full Story
Mighty Merkel may be the odd woman out
| CHICAGO May 20 (Reuters) - There are weeks in the political life of Angela Merkel that were surely more pleasant than the last one. | Last Sunday, the German chancellor's party suffered a big loss in the regional election of North Rhine-Westphalia. On Wednesday, she s...Full Story
What happens next if Greece leaves the eurozone?
Greek debt default Greek meltdown Bank runs Business bankruptcies Sovereign debt crisis Market turmoil Political backlash Recession Introduction There is more and more speculation that Greece is about to leave the euro. The country has been unable to form a government, ...Full Story
Euro zone row gets fat pay rise for German workers
By Erik Kirschbaum BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe ten...Full Story
Euro zone row gets fat pay rise for German workers
Tweet BERLIN: A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zo...Full Story
Euro zone row gets fat pay rise for German workers
| A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts...Full Story
Euro zone row gets fat pay rise for German workers
| BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the ...Full Story
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RELATED NEWS
Sun 20 May 2012
Euro zone row gets fat pay rise for German workers
Reuters | BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe ...
Report: Germany's central bank chief Weidmann warns against raising Greek risk exposure
Stockhouse | BERLIN - Bundesbank President Jens Weidmann has warned Europe's central banks not to increase their exposure to Greece because of the high level of political uncertainty there ahead of next month's elections. | In an interview with German Sunday ne...
G8 leaders urge Europe to focus on growth rather than austerity at G8 summit
Stockhouse | CAMP DAVID, Md. - The Group of Eight nations are advocating growth rather than austerity in Europe after spending two days of meetings at storied Camp David aimed at containing an escalating fiscal crisis overseas. | U.S. President Barack Obama, Pr...
G-8 leaders put their focus on European financial crisis, amid pressure for growth measures
Stockhouse | CAMP DAVID, Md. - Drawn together in this serene mountain outpost, leaders of the major industrialized nations are prodding Germany to balance its push for European fiscal austerity with doses of stimulus spending to avoid an economic calamity that ...
Wolfgang Schaeuble: 'It's Up To Greece To Abide By Its Obligations'
Huffington Post German Finance Minister Wolfgang Schaeuble addresses the audience during the 15th WDR Europa Forum, at the European Parliament in Brussels, Wednesday, May 9, 2012. | BERLIN, May 20 (Reuters) - German Finance Minister Wolfgang Schaeuble said Greece's ...
Greek exit could cost $1 trillion
Independent online As the spectre looms ever larger of a Greek exit from the eurozone, economists have been making highly complex calculations of how much that bombshell would cost - with estimates as high as $1 trillion. | The approximations vary widely with the one t...
Germany sticking to hardline against Greece
The Examiner | Despite the calls for growth by the new French leader Hollande. Germany is insisting that Greece stick to austerity which has so far seen the country lose 20% of GDP in 4 years. President Hollande of France is set to float the idea of eurobonds whi...
G-8 hopes Greece stays in euro
Independent online The United States and other members of the Group of Eight industrial nations agree that Europe's financial crisis must be addressed with a mix of growth and austerity measures, President Barack Obama said Saturday as leaders gathered for a discussion...
G-8 hopes Greece stays in eurozone
Independent online The United States and other members of the Group of Eight industrial nations agree that Europe's financial crisis must be addressed with a mix of growth and austerity measures, President Barack Obama said Saturday as leaders gathered for a discussion...
Labour rep says Opel prepares plant closure-magazine
Reuters | FRANKFURT May 20 (Reuters) - A German labour representative at General Motors' Opel unit told a magazine he would present evidence at an assembly on Monday that the company has been secretly preparing what would amount to the closure its Bochum pla...
G-8 leaders hope Greece remains in eurozone
Independent online The United States and other members of the Group of Eight industrial nations agree that Europe's financial crisis must be addressed with a mix of growth and austerity measures, President Barack Obama said Saturday as leaders gathered for a discussion...
The euro is ripe for creative destruction
The Observer British membership of the single currency would have meant an austerity programme imposed not by David Cameron but by Angela Merkel. Photograph: Getty Images | The spectre of Lehman Brothers looms large in the world's financial markets. Memories of t...
The euro is ripe for creative destruction
The Guardian | The realistic options for the euro are that it breaks up or staggers on in a zombie-like condition British membership of the single currency would have meant an austerity programme imposed not by David Cameron but by Angela Merkel. Photograph: Gett...
German Austerity Risks ‘Catastrophe’ for World Economy: British Official
Jakarta Globe The global economy faces a “catastrophe” unless Germany eases pressure on euro-region nations to cut spending, said Ed Balls, finance spokesman for Britain’s main opposition Labor Party.     | “Somebody’s got to persuade...
G8 backs Greece, papers over tensions
Khaleej Times G8 leaders said they want debt-stricken Greece to stay in the eurozone at a Camp David summit as the group papered over deep-seated divisions about how best to tackle the eurozone crisis. | With the future of Europe's currency union in doubt, leaders...
Europen banks warned against raising Greek risk exposure
The Times Of India Tweet BERLIN: Central banks in Europe should not increase their exposure to Greece due to the high level of political uncertainty there, Bundesbank president Jens Weidmann said in a newspaper interview published on Sunday. | "Indeed, I would not cons...
Cannes 2012: Atrix Closes on 'The Children From Mount Napf'
The Hollywood Reporter share Beatrix Wesle's sales outfit sold the Swiss documentary to Germany, Denmark and The Netherlands among other territories. | CANNES – German sales outfit Atrix Films has closed multiple deals on the Swiss documentary hit The Children From M...
Cannes 2012: Ben Kingsley, Stellan Skarsgard, Tom Payne Join 'The Physician'
The Hollywood Reporter share Stephen Lovekin/Getty ImagesBen Kingsley Philipp Stoelzl will direct the period drama based on Noah Gordon's best-seller. | CANNES – Ben Kingsley, Tom Payne and Stellan Skarsgard have joined the cast of the medieval period drama The Physi...
Chris Wood Explains Why Markets Have Probably Peaked, And Why Germany Could Still Blink
Business Insider | Christopher Wood of CLSA has a tidy sumup of the Greece situation in the latest version of his GREED & Fear note. | GREED & fear was asked this past week what were the possibilities that stock markets have seen their highs for the year? Fou...
Weidmann warns against raising Greek risk exposure
The Guardian BERLIN (Reuters) - Central banks in Europe should not increase their exposure to Greece due to the high level of political uncertainty there, Bundesbank president Jens Weidmann said in a newspaper interview published on Sunday. "Indeed, I would not c...
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Full StoryRebalancing eurozone wages and productivity
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Full StoryEuro zone row gets fat pay rise for German workers
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Full StoryDo not write off the West yet
Full StoryGreek election race tightens into dead heat
Full StoryRebalancing eurozone wages and productivity