Otto Fricke

Otto Fricke News

• Merkel Lauds Cyprus Bailout as German Lawmakers Embrace Accord

  German Chancellor Angela Merkel lauded the bailout agreement for Cyprus as lawmakers in her coalition embraced the package that will go to a vote in parliament in the coming weeks.

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  Euro-Crisis Redux Seen as Greatest Threat to Germany

  A resurgence of the debt crisis that scarred the euro-area over the past 3 1/2 years is the biggest threat facing Germany in an election year, policy makers and leading economists said.

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  Cameron Demands Risk U.K. Becoming Hedge Fund Island for Merkel

  U.K. Prime Minister David Cameron and German Chancellor Angela Merkel are both talking up competitiveness -- in two incompatible languages.

• Fricke Says He Expects First-Loss Solution for EFSF Enhancement

  German Free Democratic Party budget spokesman Otto Fricke said “things point in the direction of a first-loss model” for the enhancement of the European Financial Stability Facilty that aims to boost the backstop’s firepower. Fricke made his comments to reporters today in Berlin, saying he won this impression after briefings by German Finance Minister Wolfgang Schaeuble today and yesterday in Berlin.

• Greece May Need Restructuring in ‘Summer,’ Merkel Ally Says

  Greece may not be able to avoid restructuring its debt before summer’s end, said Otto Fricke , the parliamentary budget spokesman for Chancellor Angela Merkel ’s Free Democratic Party coalition partner.

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  Merkel’s FDP Allies Bash Euro Bailouts

  German Chancellor Angela Merkel ’s Free Democratic allies are threatening to impose more conditions on future euro-area bailouts as they seek to tap voter anger over granting aid to reverse the party’s collapse in support.

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  Schaeuble Tightens Screws on Greece With Demand to Increase Cost Savings

  German Finance Minister Wolfgang Schaeuble said that Greece will have to carry out extra savings before more international aid is freed up, tightening the screws on the Greek government as it faces down budget-cut protests.

• Germany's Fricke Says Greek Bank Contagion Can Be Stopped

  German Free Democratic Party lawmaker Otto Fricke said it’s possible to stop financial- industry contagion from an eventual Greek euro exit, though he doesn’t want Greece to leave the single currency.

• Merkel Lawmakers Attach Conditions to Greek Aid Package, Reject Bigger ESM

  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.

• Greek, Portuguese Government Yields Surge to Records on Default Concerns

  Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the euro, amid concern the nation won’t be able to avoid defaulting on its debt.

Quote

• "The solution appears acceptable as it does not increase the contribution of the euro group and is a partial bail-in that treats small savers differently from bank owners and bond creditors."

  - Otto Fricke on Mar 25, 2013

Related Topics

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  Greece

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  Germany

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  Europe

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  Wolfgang Schaeuble

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