“There must not be a bail-in,” Jens Spahn told German broadcaster Deutschlandfunk.Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, Germany’s deputy finance minister said in an interview broadcast on Sunday, reiterating the German government’s opposition to debt relief for Athens. “We think it is very,…
Tag: Germany
Brexit 'divorce' bill premature
German and Italian officials back Brexit chief negociator Michel Barnier over ‘divorce’ costs of 60 billion euros ($63 billion), first articulated by the Austrian Chancellor Christian Kern, becoming the first EU leader to put a value on the size of th, U.K.’s Brexit bill. The expert see the amount as a ‘punishment’ of the EU27…
Greek debt dilemma
In Germany a half of citizens are against offering debt relief to Greece and around three in 10 prefer Greeks to leave the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for…
Europol: Pakistani traffickers face justice
Law enforcement authorities of Germany, Hungary, Italy and Slovenia, in strong cooperation with Europol’s European Migrant Smuggling Centre, have dismantled an organised crime group that arranged smuggling of migrants from Hungary to Italy. Coordinated investigations revealed that members of the smuggling network were Pakistani citizens who formed their criminal enterprise in Italy. More than…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
Steinmeier: from diplomat to president
On the February 12, the former Minister of Foreign affaris, Frank-Walter Steinmeier will be elected president of the Federal Republlic of Germany as the agreed-upon candidate of the CDU, CSU and SPD parties that form the German government. Judging by the overwhelming majority of votes he has received from the grand coalition in parliament, no-one…
'Fifth' freedom or data protectionism?
Serge Turbin OPINION The most recent economic and political crises in the European Union have demonstrated serious weaknesses in the four freedoms. Do we need a new freedom in the digital age – the free movement of data within the EU? The question may seem rhetorical, considering the global nature of the Internet. Every single…
Overheat in Kosovo
Aleksandar Mitic, OPINION A new graffiti banner appeared on the stands of the football stadium of Sparta Prague in the Czech capital, media reported on January 24. It reads “Kosovo is Serbia”, and is a reference to the long-held views by the Sparta fans, but also fans at dozens of stadiums around Europe – from…
Steinmeier predicts 'turbulence'
Germany must prepare itself for turbulent times under U.S. President Donald Trump said Foreign Minister Frank-Walter Steinmeier on Sunday, underlining that the free trade and trans-Atlantic co-operation to fight extremism and terrorism remain key issues for his government. Previously Steinmeier made critical remarks about Donald Trump calling him “Hassprediger” or “hate preacher”, however he also…
Merkel's 'catastrophic mistake'
As a “catastrophic mistake” assessed US President-elect Donald Trump German Chancellor Angela Merkel’s open doors migration policy, letting to her country more than a million asylum-seekers from Middle East and Africa. The evaluation was made during a joint interview, published on Sunday, 15/01/2017. In the same interview given to the Times of London and German…
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