Merkel, Hollande to meet as eurozone breakup stories gather steam
Tue, 05/15/2012 - 06:27 EDT - Financial Post
President Francois Hollande will spend his first hours as French president huddled in meetings Tuesday with German Chancellor Angela Merkel, underscoring rising concern that Greece is headed out of the euro
Berlin (AFP) - Chancellor Angela Merkel and French President Francois Hollande called Monday for a unified response to Europe's biggest migrant crisis since World War II, as the German leader condemned "vile" protests against refugees.
Greece is looking to German Chancellor Angela Merkel to bring round the country’s other creditors after its latest budget proposals snarled efforts to break the standoff over financial aid.
With Greece’s financial safety net expiring on June 30, Prime Minister Alexis Tsipras aims to meet Merkel and French President Francois Hollande on the sidelines of a summit in Brussels on Wednesday. Merkel is willing to sit down with the Greek leader if he requests a meeting, government spokeswoman Christiane Wirtz told reporters in Berlin.
The currency battleground in Europe remains on the same front line, but the infighting has strengthened. France wants QE and Germany doesn't. The idea that ECB can produce nirvana by devaluing the euro is ridiculous of course. Problem number one is the eurozone itself. The euro is fatally flawed. Moreover, France's problem is that it is not competitive with Germany and arguably even Spain, not that the Euro is too high.Nonetheless, cries call out for the ECB wizards to fix something that cannot be fixed by monetary policy.
Brussels (AFP) - Greece's new proposals offered to European leaders ahead of a crunch summit Monday offered a ray of hope that a deal to end the country's debt crisis can be struck after five months of deadlock.
The BBC reports France's Hollande to lower state pension age to 60
New French president Francois Hollande has unveiled details of a plan to lower the retirement age to 60 for some workers - a key election pledge.
His predecessor, Nicolas Sarkozy, had faced strong opposition when he raised the retirement age by two years to 62.
The move in 2010 sparked weeks of strikes across the country, mainly by public service workers.
Berlin (AFP) - German Chancellor Angela Merkel set strict terms Thursday for easing EU sanctions on Russia as the 28-nation bloc unlocked new aid to help Ukraine overcome its devastating Kremlin-backed revolt.
A huge rift between Europe and the US has opened up in regards to dealing with the situation in Ukraine. The US hawks led by Senator John McCain want to send arms to Ukraine, but German chancellor Angela Merkel sees things much differently. Chancellor Merkel says Ukraine Crisis Won't be Solved by Military Means.