BERLIN (Reuters) – Angela Merkel’s supporters hailed her success in getting France to drop demands to use the European Central Bank to leverage euro crisis funds this weekend, as she began work convincing Germany’s parliament to back her in Wednesday’s second summit.
“Merkel’s Battle for our Euro,” was Monday’s headline in the mass-circulation conservative paper Bild, praising her for teaching French President Nicolas Sarkozy “that the EFSF rescue fund cannot be used to print money” to resolve the debt crisis.
BERLIN (Reuters) – Angela Merkel’s new legal requirement to consult parliament on changes to euro zone bailout funds and the lack of detailed proposals to show lawmakers was behind a decision to split a European crisis summit in two, an aide said on Friday.
Against a backdrop of reports that Germany and France are at loggerheads on how to deliver on their promise of a solution to the crisis by month-end, European leaders will meet on Sunday to discuss a Greek debt write-down and bank recapitalization.
ATHENS/BERLIN (Reuters) – Greece said it concluded talks with international lenders over a vital aid payment on Monday after Germany and France gave investors hope by promising a plan to recapitalize Europe’s banks soon.
Chancellor Angela Merkel and President Nicolas Sarkozy gave no details of their proposals, to be delivered by the end of the month, but said they would also cover closer euro zone integration and steps to tackle Greece’s debt mountain and prevent financial market contagion.
BERLIN (Reuters) – German Chancellor Angela Merkel insisted on Friday the euro zone rescue fund should only be used to prop up banks as a last resort, ahead of a weekend meeting with French President Nicolas Sarkozy at which they are expected to thrash out how to strengthen the region’s banks.
The 440 billion euro European Financial Stability Facility (EFSF) has been redesigned to help banks and buy up government bonds in an effort to beef up Europe’s crisis fighting response.
BERLIN, Sept 29 (Reuters) – Following a now-familiar script,
Europe again averted disaster in its debt crisis when German
deputies rallied behind Chancellor Angela Merkel to approve a
stronger euro zone bailout fund on Thursday.
But bigger challenges lie ahead for the euro zone and
markets are already demanding more far-reaching measures to
prevent a crisis that began in Greece from spreading far beyond
Europe and its banks.
BERLIN, Sept 29 (Reuters) – Angela Merkel won her toughest
challenge yet as German chancellor by pushing through changes to
a rescue fund for the euro zone debt crisis on Thursday without
the humiliation of relying on opposition support.
Germany’s approval of the beefed-up bailout fund with much
stronger support than expected in the Bundestag (lower house of
parliament) provoked a sigh of relief in markets worried about
Berlin’s commitment to resolving the debt crisis.
BERLIN (Reuters) – Germany’s parliament approved new powers for the euro zone’s crisis fund on Thursday but it was not clear if Angela Merkel got enough votes from her coalition to silence rebels worried about funding a series of bailouts of countries like Greece.
Support from the opposition meant there had been no doubt Germany would okay new powers for the European Financial Stability Facility (EFSF), which some countries like Finland have ratified but others, including Slovakia, are disputing.
BERLIN, Sept 29 (Reuters) – German Chancellor Angela Merkel
faces a battle for her political survival on Thursday when some
of her coalition, worried about throwing good money after bad by
bailing out Greece, could humiliate her in a parliament vote on
euro-zone rescue schemes.
Support from the centre-left opposition will ensure Germany
passes the bill on new powers for the European Financial
Stability Facility (EFSF), which some countries like Finland
have ratified but others, including Slovakia, are disputing.
BERLIN (Reuters) – Angela Merkel worked to defuse revolt within her government on Wednesday, soothing fears Germany may be throwing good money after bad in Greece but acknowledging the concerns of those ready to humiliate her in a parliamentary vote.
“We are trying to avoid a Greek insolvency. But I cannot rule it out,” the famously cautious chancellor was quoted by Bild newspaper as telling her coalition — assuring them that voting a new EU bailout for Athens would not be wasted, but accepting too that German taxpayers’ money might be written off.
BERLIN, Sept 27 (Reuters) – Germany’s Angela Merkel has
convinced some rebels in her party to back new powers for the
euro zone’s rescue fund in a vote on Thursday, but may still
have to rely on the opposition to get the measure passed, in
what would be a humiliating setback.
The vote in the Bundestag lower house of parliament is the
biggest test of Merkel’s leadership since she came to power six