Norbert Barthle News
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Lawmakers from German Chancellor Angela Merkel’s coalition tempered a call on the International Monetary Fund to shoulder one-third of the costs of a new Greek bailout, urging the fund to help “as far as possible,” as the Berlin parliament prepares to vote on the aid this evening.
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Lawmakers from Chancellor Angela Merkel’s coalition want to tie German support for Greece’s second bailout to conditions, including the completion of a debt swap by private investors, when they vote on the plan in parliament on Feb. 27.
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Germany floated the idea of combining Europe’s two rescue funds, in a concession to bolster the fight against the fiscal crisis as Greece bargained with bondholders over debt relief.
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Germany’s plan to speed up payments into Europe’s future permanent bailout fund with cash is aimed at securing the highest ratings for its bonds, said a senior lawmaker from Chancellor Angela Merkel’s party.
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Norbert Barthle, parliamentary budget spokesman for German Chancellor Angela Merkel’s Christian Democratic Union, said he is confident that the European Union’s rescue programs will be sufficient to stabilize the euro zone, Boersen-Zeitung newspaper reported today, citing an interview.
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German lawmakers reopened the Soffin bank-rescue fund to counter the threat of financial-institution failures during the debt crisis, after allaying lenders’ concerns that they would bear the brunt of the cost.
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Germany floated the idea of combining Europe’s two rescue funds, in a concession to bolster the fight against the fiscal crisis as Greece bargained with bondholders over debt relief.
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Germany floated the idea of combining Europe’s two rescue funds, in a concession to bolster the fight against the fiscal crisis as Greece bargained with bondholders over debt relief.
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European stocks climbed to a five- month high, led by a rally in banks, as Greece bargained with bondholders over debt relief and Germany floated the idea of combining Europe’s two rescue funds.
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German Finance Minister Wolfgang Schaeuble overcame resistance among key coalition lawmakers to paying into a permanent euro backstop, the ruling party’s budget spokesman said.
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