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MERKEL TO GREECE: Painful Austerity First, Economic Growth Second

BERLIN (AP) — German Chancellor Angela Merkel is insisting that structural reforms can help Greece return to economic growth following a painful austerity drive. Merkel acknowledged in an interview with Deutschlandfunk radio broadcast Sunday that spending cuts "indeed generally lead to the economy not being able to grow so much." However, she said there are plenty of examples of countries where International Monetary Fund programs have been implemented and "very strong phases of growth come after a certain phase of recession.
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See more about: Angela Merkel

Cyprus bailout: No aid without privatisations, says German chancellor Merkel

News : The Coming Crisis (2 years ago)

Angela Merkel has just given a clear signal that Cyprus will not get its bailout until it drops its opposition to wide-ranging economic reforms.During a press conference in Berlin, the German chancellor insisted the aid deal would n... Read Post

Merkel's conservatives set to hold Saxony, euroskeptics make breakthrough

News : The Newsroom (12 hours ago)

By Stephen Brown and Annika Breidthardt BERLIN (Reuters) - Chancellor Angela Merkel's conservatives were poised to cling to power in Sunday's election in the east German state of Saxony but new right-leaning rival Alternative for Ge... Read Post

Merkel Unhappy With Draghi's Apparent New Fiscal Focus: Spiegel

Business & Finance : Business Insider: Money Game (19 hours ago)

BERLIN (Reuters) - A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in ord... Read Post

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