Tag Archive for Angela Merkel

Merkel urges ‘political’ union to solve EU crisis – Full Story

Merkel urges ‘political’ union to solve EU crisis (via AFP) German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international calls for action as fears of a Spanish banking meltdown fuelled the eurozone crisis. In the United States, Federal Reserve Chairman Ben Bernanke became the latest to sound the alarm…

Merkel set for two-speed Europe, if necessary – Full story

Merkel set for two-speed Europe, if necessary (via AFP) German Chancellor Angela Merkel said Thursday that she would work towards a reinforced political union in Europe with willing partner countries even if that meant a two-speed approach. “We need more Europe… a budget union… and we need a political union first and foremost,” Merkel told…

Osborne urges recapitalisation of Spain’s banks – Full story

Osborne urges recapitalisation of Spain’s banks (via AFP) Chancellor of the Exchequer George Osborne called Thursday for a rapid recapitalisation of Spain’s troubled banking sector using the eurozone’s rescue fund. Osborne spoke ahead of Prime Minister David Cameron’s trip to Berlin, where the premier will meet German Chancellor Angela Merkel for key talks…

Germany working on face saving aid deal for Spain – European, Business – Independent.ie

A DEAL is in the works that would allow Spain to recapitalise its stricken banks with aid from its European partners but avoid the embarrassment of having to adopt new economic reforms imposed from the outside, German officials say. While Berlin remains firm in its rejection of Spain’s calls for Europe’s rescue funds to lend…

Leaders Bicker as Europe’s Crisis Gains New Urgency – NYTimes.com

BERLIN — With Greece’s membership in the euro zone teetering, fears of bank insolvency rising and Europe’s leaders bickering about what to do, the euro crisis is once again intensifying and threatening to undermine fragile growth globally. At a summit meeting in Brussels on Wednesday, regional leaders failed to signal any concrete new steps to…