Analysts are saying the new EU treaty will leave the UK isolated within Europe. But how much of a done deal is it? Ireland is one of the 26 countries that has said it will push ahead with the treaty. But already its European Affairs Minister has said Friday that country could require a referendum [...]
Tag: chancellor angela merkel
December 11, 2011
December 10, 2011
Most EU Countries Accept New Fiscal Deal
Most members of the European Union agreed to a new deal Friday that is intended to address debt problems that have threatened the common euro currency and driven Europe into an economic crisis. The agreement increases EU supervision of government budgets of member nations. France and Germany pushed hard for the deal. After tough negotiations [...]
December 9, 2011
EU Divided on New Deal to Save Eurozone
Stock markets and the value the euro currency rose after most members of the European Union agreed to a new deal Friday, increasing their economic ties to save the struggling eurozone. But reaction is mixed about the agreement, cobbled together after marathon talks among European leaders in Brussels. European Central Bank chief Mario Draghi reacted [...]
December 8, 2011
December 2, 2011
German Chancellor Sees European ‘Fiscal Union’
Stock markets rallied after German Chancellor Angela Merkel called Friday for stricter fiscal rules for the 17-nation eurozone. In a speech before the German parliament, Merkel warned it will take years before the struggling currency union gets back on its feet — echoing similar remarks aired the day before by her French counterpart, Nicolas Sarkozy. [...]
November 15, 2011
Germany’s Merkel Calls for United Europe
German Chancellor Angela Merkel is calling for a stronger political union in Europe to overcome the bloc’s debt crisis. She called the crisis the continent’s “toughest hour since World War II.” And, in Italy, Prime Minister-designate Mario Monti was hard at work choosing members of his Cabinet. Addressing thousands of delegates of her conservative party, [...]
November 3, 2011
France, Germany Ask Greece to Respect Euro Bailout Plan
French and German leaders demanded that Greece stick to the conditions for a bailout fund and said a Greek referendum on them should take place by early December. Their call comes following a crisis meeting ahead of the Group of 20 summit in Cannes. Following a meeting with Greek Prime Minister George Papandreou, Europe’s two [...]
October 27, 2011
Markets Rise But Questions Remain After Euro Debt Deal
Markets rose sharply on news of European leaders reaching an agreement vital to solve the region’s huge debt crisis. The deal is aimed at preventing the crisis spreading to larger eurozone economies like Italy, but analysts say more detail is needed if the crisis is to be contained. Two years of crisis in the [...]
October 27, 2011
European Leaders Take Strong Euro Action
After overnight negotiations in Brussels, European Union leaders agreed on a deal forcing banks to accept 50 percent losses on Greek debt. They also agreed to shore up European banks along with the European Union’s bailout fund. At a news conference early Thursday, EU President Herman Von Rompuy hailed the deal and spelled out some [...]
October 26, 2011
European Leaders Struggle to Resolve Debt Crisis at Summit
European Union leaders are meeting in a crunch summit Wednesday to find a lasting solution to the spreading eurozone debt crisis. European leaders got a boost earlier in the day when German lawmakers approved a proposal to strengthen the EU’s bailout fund. Analysts say that is one essential step in solving the crisis. Heading into [...]