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Will Merkel Change Her Tune on Stability Bonds?

Stability bonds. That is the new moniker given by the European Commission to euro bonds as it moves toward presenting its most definitive proposal yet for the debt pooling measure on Wednesday.

Indeed, European Economic and Monetary Affairs Commission Olli Rehn was in Berlin on Tuesday to tout Brussels' three-option studyon how bonds issued jointly by the 17 euro-zone member states could help stem the debt crisis.

German Parliament Approves Expansion of EFSF

German Chancellor Angela Merkel's ruling coalition closed ranks Thursday in passing a bill to reform the euro-zone bailout fund without having to rely on votes from opposition parties, according to parliament voting results.

A total of 315 lawmakers from Ms. Merkel's coalition of Christian Democrats, Bavarian Christian Social Union and the pro-business Free Democrats voted in favor of the bill to expand and reform the European Financial Stability Facility. Thirteen coalition lawmakers voted against the bill and two abstained.

Why Europe has only a month to solve debt crisis

If Europe's leaders do not restructure the euro and European debt within a month, the markets will force it on them.

The highly publicised three-way phone conversation between German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou may have calmed the markets but it provides no solution for Europe's economic and banking woes. If anything, by delaying decisions, it makes the crisis worse.

Merkel at odds with coalition partner (Philipp Rösler) over Greek 'plan B'

GERMAN CHANCELLOR Angela Merkel has dismissed a suggestion by her coalition partner that the time has come to prepare for a Greek insolvency.

Philipp Rösler, economics minister and leader of the Free Democrats (FDP), said stabilising the euro in the short-term called for a discussion “with no taboos”. “That, ultimately, includes Greece’s orderly insolvency, if the necessary instruments are available,” he wrote in Die Welt.

20 Quotes From European Leaders That Prove That They Know That The Financial System In Europe Is Doomed

#1 Polish finance minister Jacek Rostowski: "European elites, including German elites, must decide if they want the euro to survive - even at a high price - or not. If not, we should prepare for a controlled dismantling of the currency zone."

When will EU's debt crisis end? When Greece defaults?

The politicians seem unable to agree a sustainable path out of the euro mess that we are in. Tuesday's Zarky-Merkel summit did not reflect Euro Area unity, less EU unity. The proposals were half measures and deflections that the market saw through with evil eyes.

Statement by President Barroso and Commissioner Rehn on Tuesday's proposals by President Sarkozy and Chancelor Merkel

After a working meeting in Brussels, European Commission President, José Manuel Barroso, and Commissioner for economic and monetary affairs, Olli Rehn, issued the following statement.

The proposals made today (Tuesday 16 August) by President Sarkozy and Chancellor Merkel are a welcome step forward in our common efforts to strengthen the governance of the euro area. They represent an important political contribution by the leaders of the two largest euro area economies to this debate and the on-going work.

Pre vacances End of Semester CRISIS in Brussels


Kohl a marqué l'histoire en sacrifiant le mark sur l'autel de l'Europe.


Merkel va-t-elle laisser son nom com fossoyeur de l'€ ?




Merkel blasts Portugal work ethic

German Chancellor Angela Merkel has this week sparked a wave of outrage across Europe by calling on Portugal, Spain and Greece to raise their retirement ages and reduce their leave. She warned that German aid to these countries could be cast into doubt should southern European countries fail to adopt the work ethic of her countrymen.


"It's not just about getting any further into debt in countries such as Greece, Spain and Portugal, people should not be allowed to receive pension before their German counterparts", Angela Merkel told supporters at a political rally in Germany.


"We all have to put in some effort. This is important, we cannot have the same currency, yet some have an abundance of holiday leave and others have very little", reasoned the German Chancellor.

Irish handbags: Irish Prime Minister Kenny Rejects Merkel’s Bailout Terms

Irish Prime Minister Enda Kenny rebuffed German Chancellor Angela Merkel’s conditions on easing bailout terms, setting up a clash as European Union leaders struggle to break a deadlock on tackling the debt crisis.

Kenny, arriving for his first summit as Ireland’s leader, rejected Merkel’s position to harmonize the corporate tax base in the euro region. Greece has already dismissed selling state- owned land to cut debt, her other prerequisite for reducing the cost of rescue loans.

“I’ve come here in two days in government with a very strong mandate from the Irish people,” Kenny told reporters in Brussels today. Late yesterday, he said, “I would not support any adoption of a common corporation tax rate.”

EU leaders are entering the final round of bargaining as they attempt to hammer out a package to snuff out the euro-area crisis by a March 25 deadline. Bond yields in Greece and Portugal touched euro-era records this week and debt ratings of Greece and Spain were cut.

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