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Merkel says she is wary of Greece’s over dependence on China

German Chancellor Angela Merkel is wary of business over-dependence on China. She is especially concerned about the Chinese investments in Greece where Cosco has been winning the cream of the cream in public privatization tenders. In an interview with German weekly magazine WirtschaftsWoche, Merkel said Europe needed to be wary about …

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Tsipras says additional measures won’t be implemented if no debt relief deal

Greek Prime Minister Alexis Tsipras said that the additional austerity measures 2019-2020 will not be implemented if there is no measures for debt relief. In an interview to private ANT1 TV on Tuesday evening, the Prime Minister clarified that the government will legislate for the additional pension cuts and higher …

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Tsipras tells Merkel “Game Over!” Background Eurogroup Malta

“Angela, once you called me about my finance minister. Now, I call you about yours.” This is what Prime Minister Alexis Tsipras told German Chancellor Angela Merkel on Wednesday, two days before the Eurogroup meeting in Malta on April 7,2017.  It was Tsipras’ phone call to Merkel that unblocked the …

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From Kohl’s Two-Speed to Merkel’s Multi-Speed Europe

A few Europeans leaders have called for a “multi-speed Europe” at a mini-summit at the Palace of Versailles on Monday. present at the summit were host Francois Hollande, the French president, Angela Merkel, Germany’s Chancellor,  Italian Prime Minister Paolo Gentiloni and Spanish Prime Minister Mariano Rajoy. The four came together …

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Lagarde: Greece doesn’t need Debt Haircut but Restructuring

Managing Director of International Monetary Fund, Christine Lagarde, said that “Greece doesn’t need debt haircut for the time being,” right after the meeting with German Chancellor Angela Merkel in Berlin on Wednesday. What needed is “debt restructuring and interest rate cuts on bailout loans.” Stressing the need of reforms, Lagarde …

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Merkel: The Euro is too low for Germany

German Chancellor Angela Merkel suggested on Saturday that the euro was too low for Germany but made clear that Berlin had no power to address this “problem” because monetary policy was set by the independent European Central Bank. Merkel made her remarks at the Munich Security Conference as U.S. Vice …

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Der Spiegel: IMF will participate with €5bn in Greece’s program

The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. It said European lenders were now expecting a sum of this size after originally having hoped for 16 …

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German elections go Greece: Gabriel slams Merkel/Schaeuble on austerity

The elections campaign has officially started in Germany. The Social-Democrats (SPD) with top candidate Martin Schulz challenge the conservative Christian-Democrats (CDU) of Angela Merkel and Wolfgang Schaeuble. While it seemed that the former President of the European Parliament Schulz would have it hard to challenge the Chancellor, the results of …

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