Discover a new way to find and share stories you'll love… Learn about Reading Desk

Post Profile

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.
read more

See more about: Angela Merkel

German Chancellor Merkel insists Greece stays in euro as rumour of 'temporary exit' spreads

News : The Coming Crisis (2 years ago)

Angela Merkel last night insisted she wanted Greece to stay in the euro amid rumours that Germany was planning a ‘temporary’ exit for the country. The German Chancellor sought to reassure Greek prime minister Antonis Samaras over th... Read Post

German Chancellor Angela Merkel defends austerity in face of open rebellion in Europe

News : The Coming Crisis (3 years ago)

Angela Merkel launched a staunch defence of Europe's fiscal pact as politicians from the Netherlands, Spain and Greece scrambled to keep their own austerity measures on track. In a rare concession, the German Chancellor admitted tha... Read Post

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

Copyright © 2011 Regator, LLC