The eurozone can only be reformed "step by step," German Finance Minister Wolfgang Schäuble said Saturday, calling for European solidarity to achieve necessary reforms.
Chancellor Angela Merkel is to hold crisis talks with French President Nicolas Sarkozy next week in a bid to solve the eurozone debt crisis amid continuing turmoil in financial markets.
Germany and other world economic powers scrambled late on Sunday to shore up confidence in global financial markets with pledges to do whatever was necessary to protect the euro currency and stem the debt crisis.
Advisors in the German government think the eurozone's bailout fund won't be enough to save Italy from its current crisis, according to a media report.
A coalition of 100 family businesses has issued a “Berlin declaration” slamming the Merkel government’s handling of the debt crisis and demanding that serious debt sinners such as Greece be thrown out of the union.
Chancellor Angela Merkel called for "substantial" aid from private creditors to resolve Greek debt woes on Saturday, as the Eurogroup warned the crisis could spread like a firestorm through EU economies.
German Finance Minister Wolfgang Schäuble said Sunday evening Greece could be granted an extension to the repayment of its massive debt but only if private creditors are also involved.
The EU Commission, the IMF and Germany are calling for Greece to reschedule its massive debt burden, due to the deteriorating situation, the German press reported Saturday.
Portugal's request for EU aid is a "sensible and necessary step," given the economic and financial situation of the debt-stricken country, German finance minister Wolfgang Schäuble said Thursday.
Germany and France launched a radical drive Friday to unify the diverse, debt-ridden eurozone economy, but plans to stifle wage growth provoked an immediate backlash.
The German boss of the top US investment bank Goldman Sachs called on Friday for Greece’s debt to be partially forgiven in order to save the ailing Mediterranean nation from possible bankruptcy.
German Chancellor Angela Merkel on Thursday hailed reforms undertaken by Spain to revive its battered economy and fend off the need for an Irish-style bailout.
German Finance Minister Wolfgang Schäuble said Monday that European Commission President Jose Manuel Barroso was making the eurozone debt crisis more complicated with calls to boost a rescue fund.
What will be the big stories in Germany in 2011? The Local breaks down what could be a difficult year for the government but a triumphant one for the economy, music and women’s football.
Chancellor Angela Merkel used her New Year's address to stress the importance of the euro to Germany, after polls showed voters going cool on the single currency following the Greek and Irish debt crises.
Germany and France remain split over how swiftly the axe should fall on violators of Europe's budget rules despite an agreement Monday among finance ministers on the need to slap sanctions on errant European states.
