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Tag Archives: eurozone

Who ruined the EU? Blame Ancient Greece god Zeus…

Who is to blame for ruining the European Union? According to a list published day, twelve people and ‘things’ are to blame for having ruined the EU. No, Greece as such is not on the list. But Zeus, the top god of Ancient Greece tops the list. And another Greek. …

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Tsipras: Europe is not defending own accomplishments, has surrendered to the IMF

Europe is not defending its own accomplishments, its heritage and social model and has surrendered to the International Monetary Fund (IMF), which explains its existential crisis, Prime Minister Alexis Tsipras said on Thursday evening, addressing an event organized by the Transform! Europe network, in Rome’s “La Sapienza” University. “We are …

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The Week: America is turning Puerto Rico into Greece

I can’t help but remember German Finance Minister Wolfgang Schaeuble every time I read somewhere the word “Puerto Rico.” In 2015, Schaeuble offered  US-Treasury Secretary Jack Lew swap burdens of Puerto Rico with those of Greece. Would the swap have been a good deal for Germany and the Eurozone? Hardly. …

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Mnuchin: US wants IMF to stick to hard line on Greece

Treasury Secretary Steven Mnuchin made it clear that the Trump administration does not think much neither of the European Union, nor the Eurozone nor Greece. In an interview to the Wall Street Journal, Mnuchin suggested that the US wants the International Monetary Fund to stick to its hard line on …

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Stern: Majority of Germans would accept Grexit

What do Germans think of Grexit?  The financial situation of Greece has split the German public opinion. In a poll conducted for German weekly STERN, a narrow majority would accept Greece abandoning the eurozone. Whether the heavily indebted Greece will receive additional billion credits depends on the implementation of the …

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Schaeuble: “I have never made Grexit threats”

German Finance Minister Wolfgang Schaeuble denied on Sunday that he had said Greece would have to leave the eurozone if it failed to implement economic reforms. In an ARD television interview, Schaeuble that Greece would not have problems if it implemented agreed reforms, but would if it fails to carry …

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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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Why is Germany bringing Tons of Gold back home?

Germany’s central bank is bringing home gold reserves stored in places like New York and Paris faster than planned. The schedule was set for 2020. The move has the world puzzling as confidence in the euro ebbs even in the heart of the currency bloc after a decade of a …

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Schaeuble: Greece must leave the Euro to win a Debt Cut

 German Finance Minister Wolfgang Schaeuble warned Greece Wednesday night “to fulfill its reform commitments, otherwise it would have to leave the Eurozone.” Speaking at a talk show at the German state ARD TV, Schaueble said also that pressure on Greece must be maintained.” “They are not over the mountain, therefore …

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Greek Minister urges Schaeuble to leave the Euro zone

“If Schaeuble continue this policy then we will see bilateral agreements between countries of the [European] south, there is no other. Discussions between the French, Spanish, Portuguese and Greek diplomacy are already on the way. We do not cede the euro to anyone, if Germany wants this then Germany should …

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