Greece Should Sell Islands to Keep Bankruptcy at Bay, Say German MPs
Greece must consider a fire sale of land, historic buildings and art works to cut its debts, two rightwing German politicians said today in a newspaper interview that is bound to exacerbate tensions...
View ArticleGreece Urged to Sell Islands
Greece should consider selling some of its uninhabited islands to raise cash for the debt-ridden nation, two German politicians have suggested. Josef Schlarmann, a senior member of the Christian...
View ArticleGerman MPs Suggest Greece Sell Its Islands (and the Acropolis) to Pay Off Its...
Selling an island would help Greece pay off its huge national debt, say German MPs. The suggestion by Marco Wanderwitz and Frank Schaeffler added fuel to the feuding between the countries over how...
View ArticleGreece Seeks Activation of Rescue Package
Greek Prime Minister George Papandreou called for the activation of a joint euro-zone International Monetary Fund financial rescue to pull his country out of a major debt crisis. Saying financial...
View ArticleGerman MP Says Berlin Should Help Greece Leave Euro
Germany should constructively support any efforts by Greece to abandon the euro and return to the drachma, a leading MP in Germany’s junior coalition Free Democrats (FDP) said on Saturday. “If Greece...
View ArticleTen Influential People Who Believe the Euro Must Split
The writers differ in whether this is only Greece or a host of other countries. Some have UK cabinet experience, some Nobel prizes in economics and hail from the left, the right and the centre of the...
View ArticleAnti-Bailout Dissident Frank Schäffler Attacks Breach of German Constitution
In his passionate speech in the Bundestag session on the EFSF issue this morning, Free Democrat Frank Schaeffler said that the bailout evil began with the decision of the heads of state/government of...
View ArticleGerman Lawmakers Pass Expanded Euro Bailout Fund
Germany’s parliament approved a plan Thursday to expand the power of a European bailout fund for troubled countries that use the euro. The Bundestag, or lower house, passed the bill 523-85 in a vote...
View ArticleOne Nation Could Leave Euro, Says BoE’s David Miles
There is a risk that one eurozone states could leave the single currency bloc, Bank of England policymaker David Miles said in an interview broadcast on ITV late on Wednesday. “I don’t think any of us...
View ArticleEurozone Crisis Hits Germany
“The debt crisis is burrowing ever deeper, like a worm, and is now reaching Germany,” says Free Democrat Party backbencher Frank Schaeffler, a member of Angela Merkel’s governing coalition. Indeed, the...
View ArticleEU Summit: Last-chance Saloon for Eurozone Project
This week’s EU summit is being seen as the last chance for the eurozone. But as European leaders make a final bid to save the single currency, critics say the two-day talking shop is about as useful as...
View ArticleGermany Resists Calls to Give More to $657B Eurozone Bailout
As European leaders meet today in Brussels to forge a closer fiscal union as a way to ease the European debt crisis, doubts are growing over the measure pushed by Europe’s largest economy, Germany,...
View ArticleGermans Want More Influence Than Malta
A German MP has said it is “a serious mistake” that Malta and Cyprus have the same voting power as Germany on the council of the Europ-ean Central Bank. Frank Schaeffler, a Free Democrat dissenter in...
View ArticleMerkel Mulls Easing Greece Bailout Terms, Lawmakers Say
Chancellor Angela Merkel is considering easing Greece’s bailout terms, fanning tensions with members of her coalition who oppose giving the Greek government any more concessions, two German lawmakers...
View ArticleAnti-Bailout Dissident Frank Schäffler Talks of Resistance to Cyprus Bailout
A bailout package for Cyprus could be on the cusp of unravelling as it faces considerable resistance in the German parliament, according to an official of the junior coalition Free Democrats party....
View ArticleMerkel’s FDP Partner Says ‘Hands Off ECB’ in Election Vow
German Economy Minister Philipp Roesler said he’ll fight attempts across Europe to weaken the euro, pledging that his Free Democratic Party will stand up for central-bank independence before federal...
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In Defense of Cyprus
Greece is said not to have one. Cyprus does, but needs to change it. Luxembourg’s is similar to Cyprus’s, but apparently it is just fine. Malta’s, however, requires more thought. I am, of course,...
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Das Tohuwabohu der Euro-„Retter“
Die Eurokrise wird einige etablierte Parteien bis zur Bundestagswahl am 22. September 2013 mehr in Atem halten als ihnen lieb ist. Das gilt vor allem für die Union. Sie wird sich laut des...
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Schäuble-Plan für Spanien schreckt Haushälter auf
Der Finanzexperte der FDP-Bundestagsfraktion, Frank Schäffler, lehnt das KfW-Kreditprogramm ab. „Ich schließe nicht aus, dass über diesen Weg, den maroden spanischen Banken geholfen werden soll“,...
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FDP-Finanzpolitiker fordert Auflösung der Griechen-Troika
Der Finanzexperte der FDP-Bundestagsfraktion, Frank Schäffler, hat sich nach dem Eingeständnis des Internationalen Währungsfonds (IWF), es habe Versäumnisse bei der Unterstützung Griechenlands...
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