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Oct 9, 2011

Merkel, Sarkozy promise new crisis package, offer no details

BERLIN, Oct 9 (Reuters) – The leaders of Germany and France
promised on Sunday to unveil a new comprehensive package for
solving the euro zone’s debt crisis by the end of the month, but
offered no details and papered over differences on how to shore
up European banks.

German Chancellor Angela Merkel and French President Nicolas
Sarkozy said after talks in Berlin their goal was to come up
with a sustainable answer for Greece’s woes, agree how to
recapitalise banks and present a plan for accelerating economic
coordination in the euro zone by a G20 summit in Cannes on Nov.
3-4.

Oct 9, 2011

Support for Merkel’s fractious coalition slumps: survey

BERLIN (Reuters) – Germans believe a “grand coalition” of Chancellor Angela Merkel’s conservatives and the opposition Social Democrats (SPD) would rule the country better than her current fractious cabinet, a survey showed on Sunday.

Some 41 percent of Germans believe such a coalition would be best placed to solve Germany’s problems, according to the Emnid poll published by mass-selling Bild am Sonntag. Just 12 percent were in favor of the current coalition of conservatives and pro-business Free Democrats (FDP).

Oct 9, 2011

IMF mission chief says Greece is at crossroads

BERLIN (Reuters) – Greece is at a crossroads and will need to implement “much stricter structural reforms” than seen so far, IMF mission chief to Greece Poul Thomsen was quoted as saying by a German paper on Saturday.

The gloomy comments suggested the IMF was still unsure whether current talks on a vital aid tranche for Athens would conclude positively, given doubts over Greece’s willingness to reform and the impact of Greek strikes and riots.

Oct 9, 2011

Merkel, Sarkozy tackle differences over euro crisis

BERLIN, Oct 9 (Reuters) – German Chancellor Angela Merkel
will thrash out differences with French President Nicolas
Sarkozy on Sunday over how to use the euro zone’s financial
firepower to counter a sovereign debt crisis threatening the
global economy.

With the turmoil threatening to spiral into financial
meltdown as the value of banks’ sovereign bond holdings slide,
Merkel and Sarkozy are likely to discuss in Berlin both how to
manage Greece, prevent contagion and strengthen lenders.

Oct 8, 2011

Merkel, Sarkozy meet to tackle differences over euro crisis

BERLIN (Reuters) – German Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy Sunday over how to use the euro zone’s financial firepower to counter a sovereign debt crisis threatening the global economy.

With the turmoil threatening to spiral into financial meltdown as the value of banks’ sovereign bond holdings slide, Merkel and Sarkozy are likely to discuss in Berlin both how to manage Greece, prevent contagion and strengthen lenders.

Oct 8, 2011

IMF mission chief says Greece is at crossroads: paper

BERLIN (Reuters) – Greece is at a crossroads and will need to implement “much stricter structural reforms” to avoid default, IMF mission chief to Greece Poul Thomsen was cited as saying by a German paper on Saturday.

The gloomy comments suggested it was still unsure whether current talks on a vital aid tranche for Athens would conclude positively, given doubts over its willingness to reform and Greek strikes and riots.

Oct 8, 2011

German minister urges support for Merkel’s Europe

BERLIN (Reuters) – Germany’s justice minister on Saturday warned her Free Democrat party (FDP), the troubled junior partner in Chancellor Angela Merkel’s coalition, to support its European policy or risk becoming unfit to govern.

Support for the FDP has shrivelled since the last general election, with the latest poll showing them lagging even the upstart Pirate party at just 3 percent, and this has provoked internal soul-searching and infighting over strategy.

Oct 8, 2011

German minister urges support for Merkel’s Europe policy

BERLIN, Oct 8 (Reuters) – Germany’s justice minister on
Saturday warned her Free Democrat party (FDP), the troubled
junior partner in Chancellor Angela Merkel’s coalition, to
support its European policy or risk becoming unfit to govern.

Support for the FDP has shrivelled since the last general
election, with the latest poll showing them lagging even the
upstart Pirate party at just 3 percent, and this has provoked
internal soul-searching and infighting over strategy.

Oct 8, 2011

German minister urges FDP to support Merkel’s government

BERLIN, Oct 8 (Reuters) – Germany’s justice minister on
Saturday warned her Free Democrat party (FDP), the troubled
junior partner in Chancellor Angela Merkel’s coalition, to
support the government’s European policy or risk becoming unfit
to govern.

Support for the FDP has plummeted since the last general
election, with the latest poll showing them lagging even the
upstart Pirate party at just 3 percent, provoking internal
soul-searching and infighting over strategy.

Oct 6, 2011

Merkel says Europe won’t shrink from funding banks

BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday Europe should not hesitate to recapitalise its banks if this prevents greater economic damage, and leaders would take very seriously expert advice that the time was ripe for such a step.

She added banks should first tap markets to boost liquidity and then turn to national governments and use the European Financial Stability Facility (EFSF) as a last resort.

    • About Sarah

      "Sarah Marsh is a Reuters correspondent based in Berlin, where she covers the economy, political and general news. She joined Reuters as a graduate trainee in 2007 and worked in London, Frankfurt and Vienna before moving to Berlin in May 2009."
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