Topic: Wolfgang Schaeuble
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Photos of the Day Photos of the day 03/08
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Bank of Cyprus: Big depositors may lose 60 percent
Bank of Cyprus depositors with more than 100,000 euros will get hit with an initial 37.5 percent penalty. Another tax of up to 22.5 percent could be imposed, depending on what the Bank of Cyprus needs to build up its reserves.
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Would a bailout for Cyprus mean underwriting dirty money?
Potential creditors in Europe are hesitant to bail out debt-ridden Cyprus as they suspect the country's banking industry may be a haven for money-laundering by Russian oligarchs.
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Is this the year that the eurocrisis ends?
The European Central Bank has moved to shore up the euro, investors are more confident, and European leaders are surprisingly upbeat. But critics warn that Europe is not out of the woods.
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More time or tough love? Eurozone deadlocks over Greece debt deal.
Greece needs its next aid infusion by mid-December. But European finance ministers postponed a deal amid disagreement over how much time Greece should have to pay down debt.
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Eurozone, IMF clash over Greek debt as deadline looms
IMF chief Christine Lagarde and European financial ministers debated today over how to prevent Greece from collapsing, even as Athens faces mandatory debt payment on Friday.
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Greece pushes through more austerity, awaits next bailout payment
The Greek Parliament narrowly pushed through the new, unpopular austerity measures, a key step for the release of more bailout funds from Europe.
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Bond downgrade puts pressure on Spain for bailout request (+video)
Even though Standard & Poor's dropped Spain's bond rating to just above junk status, making a bailout request likely, Germany remains opposed to acceding to a bailout prematurely.
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Angela Merkel will face protests during Greek visit
German Chancellor Angela Merkel will visit Greece next week to discus keeping the country in the eurozone. Large displays against her are expected. Many Greeks blame Merkel's austerity measures for their nation's troubles.
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European debt crisis: a dangerous week ahead
European debt crisis enters a dangerous phase with a German court ruling, Dutch election, and EU finance ministers meeting this week. A reversal of support for the EU's beleaguered nations could intensify the European debt crisis.
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Merkel stands increasingly alone in opposing Greek eurozone exit
Germany's Chancellor Merkel is sticking to her position that Greece must stay – and that its exit could have unforeseen negative consequences. But the ranks of those who disagree are growing.
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Germany says 'time is money,' and additonal funds for Greece aren't an option
Germany's economic minister said Greece needed to stick to their time table for bailout reforms. Greece has asked for 'time to breathe' before making budget cuts and economic reforms.
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Geithner meets eurozone leaders: a step toward taming debt crisis?
In Europe, US Treasury Secretary Geithner backs the European Central Bank's pledge to do 'whatever it takes' to save the eurozone from a potential breakup and boost economic growth.
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Greeks shrug off Europe's warnings that turmoil could get worse (+video)
Europe's dire warnings to Greece about the consequences of a potential default engender little fear among Greeks, who say the worst has already arrived.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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?
12/09/2011 09:08 am -
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.
12/02/2011 09:12 am -
The Monitor's View 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.
11/28/2011 03:36 pm -
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.
11/28/2011 09:21 am
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