German Finance Minister Wolfgang Schäuble wants holders of Greek debt to extend their credits by seven years, according to a letter he sent to eurozone partners seen by the media on Wednesday.
With Germany angry at the prospect of providing more aid to debt-ridden Greece, it might come as a surprise to hear German deputies agreeing, upon returning from Athens, that people there are hurting.
The European Union can help Greece but a restructuring of its debt would pose grave risks, German Finance Minister Wolfgang Schäuble said on Thursday, narrowing differences with the European Central Bank (ECB).
Despite being Europe's top economy, Germany looks set to show, yet again, that it has no viable candidate for a top job at an important global institution – including the International Monetary Fund (IMF).
German Finance Minister Wolfgang Schäuble has promised members of parliament that strict conditions will be attached to any future bailout of eurozone members.
Germany is ready to back Italy's central bank chief Mario Draghi to take over as European Central Bank president, Chancellor Angela Merkel said on Wednesday.
Portugal, the third eurozone country to ask for a financial bailout, should first sell its gold reserves, a German member of parliament suggested on Thursday.
German Chancellor Angela Merkel has thrown her crucial support behind Italy's Mario Draghi as the next head of the European Central Bank, the daily <i>Bild</i> reported on Friday.
Ahead of an EU summit to bolster the euro, German Chancellor Angela Merkel urged Portugal's political parties on Thursday to stick to deficit reduction targets after the country's prime minister resigned over parliament's rejection of his austerity plan.
Chancellor Angela Merkel will argue at a key European summit Thursday for Germany's payments into a euro bailout fund to be rescheduled, a government source said, amid domestic criticism over Berlin's contribution.
The German central bank said Tuesday that growth should be around 2.5 percent this year as domestic demand picks up alongside exports, the traditional driver of Europe's largest economy.
Almost 200 German economics professors have signed a declaration rejecting current proposals to resolve the eurozone debt crisis, instead calling for a way for distressed countries to declare bankruptcy.
Jens Weidmann, a close aide to Chancellor Angela Merkel, was named Wednesday the next head of Germany's central bank following Axel Weber's surprise resignation last week.
Jens Weidmann, chosen Wednesday to head the German central bank, has been one of Chancellor Angela Merkel's closest aides for almost five years but remains almost unknown to the wider public.
Germany said Monday it may still present a new German candidate for the European Central Bank presidency after front-runner Axel Weber's dramatic resignation last week undid its well-laid plans.
Former Finance Minister Peer Steinbrück has rejected his Social Democratic colleague Frank-Walter Steinmeier’s suggestion that he stand for the position of head of the European Central Bank (ECB).
Bundesbank president Axel Weber says he decided not to run for leadership of the European Central Bank (ECB) because he did not enjoy the support of enough European governments.
Germany said Friday that Bundesbank boss Axel Weber, thought to have been a front-runner to become European Central Bank president, was leaving "for personal reasons" on April 30.
Germany's central bank chief Axel Weber is out of the running to be the next head of the European Central Bank as he is leaving to join Deutsche Bank, according to media reports on Wednesday.
Consumers face a wave of rising prices with leading economists predicting on Wednesday that the inflation rate in Germany could hit 4 percent in coming years.
EU heavyweight Germany on Wednesday shot down proposals to boost Europe's war chest for financially stricken eurozone countries, saying such as a debate was not needed at the present time.
Germany successfully placed its first bond issue of 2011, the Bundesbank said on Wednesday, reaffirming its safe haven status after several operations fell short late last year.
Germany, along with several European neighbours, is working on a permanent euro rescue mechanism that would include the creation of a new and independent funding institution, media reported Thursday.
Chancellor Angela Merkel hailed an agreement at an EU summit on Thursday night after pushing through key German demands for a permanent rescue fund for financially troubled members of the eurozone.
