At their White House meeting last week, U.S. President Barack Obama assured Greek Prime Minister Antonis Samaras of his support as Greece prepares for talks with creditors on additional debt relief amid record-high unemployment.
Chancellor Angela Merkel will meet with leaders of the opposition Social Democrats today in a bid to lay the ground for a new German government, 12 days after she won her party’s best election victory since 1990.
Nouriel Roubini , the economist who predicted the global financial crisis, said a new Marshall Plan- style fund should be set up for North Africa and the Middle East to stabilize regional economies, according to an article he wrote in Handelsblatt .
Europe needs a new Marshall Plan to help economic “reconstruction” in debt-crisis battered states just as the original plan helped rebuild the continent after World War II, German Social Democrat leader Sigmar Gabriel said.
Chancellor Angela Merkel wound up her campaign for a historic third term with an appeal to voters to back her defense of the euro as Social Democrat Peer Steinbrueck pledged to give Germany renewed direction.
Two years to the day since protesters toppled Tunisian dictator Zine El Abidine Ben Ali, triggering revolts across the Arab world, euphoria has clearly turned to disappointment. Building Arab democracies with open economies is proving much harder than was, perhaps naively, anticipated.
Germany’s Chancellor Angela Merkel has at last opened the door to the possibility of writing off Greek debts, but only several years from now. As they decide on the right thing to do, Germans should take a close look at their own history.
The euro, European stocks and U.S. index futures rallied, erasing earlier losses, amid reports that European Union officials have come up with a plan to recapitalize struggling banks and halt a surge in bond yields.