The leaders of Germany and France put aside their differences on a controversial tax of financial market transactions and promised to speed up various measures to ease the eurozone crisis, as the euro flirted with new market lows Monday.
Germany denied on Monday a report it was considering "elite bonds" to pool the debt only of eurozone countries with a top AAA credit rating as a response to its crippling debt crisis.
The Irish and German governments became entangled in a spat on Thursday after details of the Irish budget were given to the German Bundestag, before being presented to the Irish parliament, the Dáil.
The eurozone's crisis fund is ready to help Italy if requested, but this week's market volatility is an obstacle to increasing its firepower, the German head of the European Financial Stability Facility (EFSF) said on Friday.
Germany and France have warned Greece it will not get “one more cent” from the European Union or International Monetary Fund unless Athens abides by the terms of a rescue deal agreed upon last week.
Germany's top court Friday stopped a new fast-track committee appointed to approve emergency measures to tackle the eurozone crisis, potentially slowing decisions by the eurozone paymaster.
German Chancellor Merkel said she was happy that eurozone members agreed to leverage the bailout fund to €1 trillion and banks accepted a 50 percent loss on Greek debt in order to overcome the continent’s debt crisis.
German opposition parties have demanded another parliamentary vote following reports that the French and German governments are planning to expand the eurozone financial safety net even further.
Extraordinary exchanges between senior members of Angela Merkel’s Christian Democratic Union in the run-up to last week’s crucial vote on the euro bail-out fund have come to light, prompting claims of anti-democratic bullying.
European countries may beef up their financial rescue fund beyond the amount agreed in July, the EU finance commissioner Olli Rehn said in comments to be published in a Germany newspaper Monday.
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.
