ATHENS/BERLIN (Reuters) – Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could sweep to victory in a June election and tip the euro zone deeper into crisis.
The turmoil in Athens sent shock waves around other troubled members of the 17-nation European single currency area. The euro slipped below $1.28, world stocks slid and Spanish and Italian bond yields rose above the danger level of 6 percent as investors scurried for shelter in safe haven German Bunds.
BERLIN, May 15 (Reuters) – Germany’s centre-left opposition
told Angela Merkel it would only support her fiscal pact if it
was accompanied by measures to boost growth and jobs, siding
with France’s new Socialist President Francois Hollande hours
ahead of his visit to Berlin.
Markets and policymakers are watching the dialogue between
Germany’s conservative chancellor and the new French leader for
signs that they can overcome their differences on Merkel’s drive
BERLIN, May 14 (Reuters) – Her rivals call her Germany’s
“debt queen”, but Hannelore Kraft’s victory in a state election
at the weekend has driven speculation she could challenge
Chancellor Angela Merkel as the mother of a nation famed for its
Kraft’s ready smile and common touch helped her turn around
the fortunes of her Social Democrats (SPD) in the May 13 vote in
North Rhine-Westphalia (NRW) and she was re-elected premier of
Germany’s most populous state.
BERLIN, May 14 (Reuters) – Angela Merkel is looking
increasingly isolated at home and in Europe after what she
called a “bitter, painful defeat” for her party in a weekend
election in Germany’s most populous state.
The German chancellor said the vote did not change her view
that fiscal rigour was the best path for Europe, although it
highlighted resistance among Germans to enduring the kind of
austerity she has forced on debt-laden southern nations.
DUESSELDORF, Germany (Reuters) – Chancellor Angela Merkel’s conservatives suffered a crushing defeat on Sunday in an election in Germany’s most populous state, a result which could embolden the left opposition to step up attacks on her European austerity policies.
The election in North Rhine-Westphalia (NRW), a western German state with a bigger population than the Netherlands and an economy the size of Turkey, was held 18 months before a national vote in which Merkel will be fighting for a third term.
DUESSELDORF, Germany (Reuters) – Chancellor Angela Merkel’s conservatives suffered a crushing defeat on Sunday in an election in Germany’s most populous state, a result which could embolden the left opposition to step up its criticism of her European austerity policies.
The election in North Rhine-Westphalia (NRW), a western German state with a bigger population than the Netherlands and an economy the size of Turkey, was held 18 months before a national election in which Merkel is expected to fight for a third term.
DUESSELDORF, Germany (Reuters) – Voting began on Sunday in Germany’s most populous state where Angela Merkel’s conservatives face a defeat that could give the left momentum before next year’s federal election and fuel criticism of the chancellor’s European austerity drive.
North Rhine-Westphalia (NRW), an industrial state in western Germany with an economy and population roughly the size of the Netherlands, has a history of influencing national politics.
BERLIN (Reuters) – Germany told Greece on Friday that staying in the euro zone was its own choice and that it must not stray from austerity if it expects to get international cash.
It also laid out its support for a European ‘growth pact’ in an attempt to deflect criticism that its insistence on austerity has exacerbated Athens’ debt woes.
BERLIN (Reuters) – European Union paymaster Germany warned Greece on Thursday that European partners could only go on aiding debt-ridden Athens if it sticks to an international bailout program rejected by voters in a general election.
Financial markets, spooked by the risk of a disorderly Greek default spreading turmoil, steadied as Spain’s move to clean up its banks and the release of a key payment to Athens eased immediate concerns about the euro zone.
BERLIN, May 10 (Reuters) – Chancellor Angela Merkel rejected
calls from her centre-left opponents in Germany and Europe for
economic stimulus policies that rely on new debt, warning
parliament on Thursday that “growth on credit” would just tip
Europe deeper into crisis.
Since the election of Socialist Francois Hollande as French
president on Sunday, Merkel has come under pressure to relax the
austerity measures that, as leader of Europe’s biggest economy,
she has prescribed as the remedy for the euro zone debt crisis.