Topic: Wolfgang Schaeuble

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Photos of the Day: Photos of the day 03/08

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France says 'oui' to euro bonds, but Germany says 'nein'

German finance official says Berlin continues to oppose euro bonds, which would create debt backed jointly by European Union nations. EU members meet Wednesday in Brussels to discuss euro bonds and other growth-enhancing policies.
Greece has only one chance left to avoid another election

Socialist party leader Evangelos Venizelos today became the third politician this week to fail at forming a coalition government. If the president does too, Greece will head back to the polls.
Biggest debt restructuring in history buys Greece only 'a bit of time'

Private investors agreed to write off 85.8 percent of Greece's private debt, but analysts warn that if Greece doesn't address underlying problems, the deal will not fix things for long.
EU pushes bigger bailout fund and Germany pushes back

Many European leaders and financial institutions are pushing for a larger permanent EU bailout fund, saying it would send an important signal. Germany, its main funder, says such talk is premature.
German vote on Greek bailout hints at tough road ahead for Merkel

The German parliament endorsed a second bailout for Greece, but a drop in support among members of Chancellor Merkel's coalition is evidence that she'll have to work hard to get support for future assistance.
Forget about preventing default in Greece, control it, says Europe

Though Athens is still taking steps to contain the damage, most of Europe is skeptical that Greece will dodge a default.
IMF: $650 billion isn't enough for the European bailout fund

European finance ministers agreed to move up the launch of a permanent bailout fund by a year, but the fund is still too small, according to the IMF.
An end to cut, cut, cut? Merkel and Sarkozy agree to focus on growth.

In a Berlin meeting today, German Chancellor Merkel and French President Sarkozy signaled a major shift in eurozone economic strategy by making growth a priority in managing the economic crisis.
Germany's Merkel: Will she save the euro or seal its demise?

German Chancellor Angela Merkel has opposed many of the moves to stabilize the eurozone that her European colleagues favor. Is she the steady hand Europe needs now, or does she lack political courage?
Germany's Merkel takes hard line on fixes for eurozone debt crisis

German Chancellor Merkel is pushing guarantees of greater fiscal discipline in exchange for a more assertive European Central Bank role in addressing the eurozone debt crisis.
Euro debt crisis needs spotlight of truth in Greece

Greece ignited the euro debt crisis with a big lie about its deficit, and now the man hired to clean up its statistics faces charges of national betrayal. Keeping euro nations honest is a key to Europe's economic recovery.
Europe debt crisis: Germany denies 'elite' plan

Europe debt crisis solution would be joint-issued euro bonds. Germany denies reports that it has initial plans to solve Europe debt crisis with euro bonds issued by nations with triple A credit.
Is Sunday's European debt crisis summit sunk before it even starts?

With German Chancellor Angela Merkel and French President Nicolas Sarkozy at odds over how to leverage bailout funds, hopes for a solution from Sunday's debt crisis summit are wavering.
Moody's: France could lose AAA rating

Moody's France rating could be put on notice because of weak growth. After warning from Moody's, France Finance Minister Baroin said 2012 growth could be lower than estimated.
Stocks fall as Germany cools hopes for debt deal

Stocks had their worst drop in two weeks after German leaders cast doubt on how fast the debt deal process would be. The Dow dropped 247 points to close at 11397.
Stocks: European shares slip from highs

Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.
Greek government in desperate battle to avert default

Prime Minister Papandreou canceled his US trip and hinted at further austerity measures after Europe's 'troika' of experts expressed doubt about the Greek government's plans to avoid default.
At eurozone meeting, ministers find unity only in rejecting Geithner

At a meeting of European finance ministers in Poland, leaders largely rejected proposals from Treasury Secretary Timothy Geithner on how to rescue the ailing eurozone.
In Germany, considering a eurozone minus Greece

The coalition government in Germany, the biggest contributor to the eurozone rescue fund, appears split over over a possible sovereign default for Greece.
Europe moves to check influence of rating agencies [VIDEO]

European financial institutions lashed out at Moody's after the agency unexpectedly downgraded Portugal's government debt rating, adding new uncertainty about Europe's financial stability.
Greek aid package synonymous with default, says rating agency

Standard & Poor's called the proposal to roll over Greek debt tantamount to default. In Germany, some economists are challenging German part in eurozone bailouts.
Photos of the Day: Photos of the day 03/08
The Daily Reckoning
You can run from debt, but you can't hide

Like Greece, Ireland, and other troubled European nations, the US needs to cut debt.
The Fed's move to buy up US Treasury bonds sets China and US up for a duel at G20

China and other leading nations say they view the Fed’s move to buy up $600 billion in US Treasury bonds, on top of earlier purchases, as timed to put them on the defensive at the G20 summit in Seoul.
G20 summit: an economic clash of civilizations

This weekend's G20 summit pits President Obama's stimulus efforts against European calls for austerity budgets in what is shaping up as an economic clash of civilizations.