Berlin: German Chancellor Angela Merkel scraped through a parliamentary vote endorsing a second bailout for Greece on Monday but faced a growing backbench revolt against pouring in more money in support of the euro zone. The comfortable 496-90 victory, with five abstentions, was inflated by centre-left opposition support, but only 304 of Merkel's 330 centre-right coalition lawmakers backed the motion. Seventeen coalition rebels voted "No" this time, compared to 13...
12:20 AM, Feb 28, 2012
Berlin: Germany's president resigned on Friday in a scandal over favors he allegedly received before becoming head of state, and Chancellor Angela Merkel moved quickly to try and head off a domestic political crisis as she grapples with Europe's debt troubles. Christian Wulff, who was Merkel's candidate for the presidency when elected less than two years ago, quit after two months of allegations he received favors such as a favorable...
08:13 AM, Feb 18, 2012
New Delhi: Labour unions in Greece have called for a strike after the Government said it would cut 15,000 public sector jobs by the end of the year. Greece is under pressure from its eurozone partners to accept another round of strict austerity measures in exchange for the $171 billion bailout loan that was promised in October. German Chancellor Angela Merkel told Greece on Monday to make up its mind...
10:20 AM, Feb 07, 2012
New York: Countering allegations that he is 'aloof', US President Barack Obama counted Prime Minister Manmohan Singh and German Chancellor Angela Merkel among leaders with whom he has forged 'friendships and bonds of trust'. "I wasn't in other administrations, so I didn't see the interactions between US Presidents and various world leaders. But the friendships and the bonds of trust that I've been able to forge with a whole range...
10:48 AM, Jan 20, 2012
Brussels: Working almost to exhaustion and persuading countries one by one, European leaders agreed Friday to redefine their continent - hoping that by joining their fiscal fortunes they might stop a crippling debt crisis, save the euro currency and prevent worldwide economic chaos. Only one country said no - Britain. It will risk isolation while the rest of the continent plots its future. The coalition came together in a marathon...
07:52 AM, Dec 10, 2011
Brussels: European Union leaders sealed a new fiscal pact ensuring tougher budget discipline but failed to agree on a treaty change to enshrine the rules, meaning a deal may now involve the 17 euro zone nations plus any others that want to join, diplomats said. An agreement involving all 27 EU members fell through - raising the prospect of a two-speed Europe - after British Prime Minister David Cameron demanded...
11:34 AM, Dec 09, 2011
At the two day summit in Brussels, French President Nicolas Sarkozy and German Chancellor Angela Merkel have called for treaty changes including tighter budgetary rules and deficit caps. ...
07:56 AM, Dec 09, 2011
Brussels: European leaders are wrestling over how much of their sovereignty they are willing to give up in a desperate attempt to save the ambitious project of continental unity that grew from the ashes of World War II. At stake at the summit in Brussels, which began on Thursday evening, is not only the future of the euro, but also the stability of the global financial system and the balance...
07:46 AM, Dec 09, 2011
Washington: US President Barack Obama had a telephonic talk with the German Chancellor Angela Merkel as European leaders prepared to meet again to hammer out an agreement to resolve the Eurozone crisis that threatens to engulf other parts of the globe. Obama and Merkel spoke this afternoon, continuing their ongoing consultations on the financial situation in the Eurozone, the White House said in a statement. "As before, the President expressed...
09:53 AM, Dec 08, 2011
New York: Standard & Poor's has warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to deliver a convincing agreement on how to solve the region's debt crisis in a summit on Friday. The ratings agency's threat to downgrade 15 countries all the way up to AAA-rated Germany and France came hard on the heels of a Franco-German initiative, to be discussed...
11:28 AM, Dec 06, 2011
Cannes: The threat of a Greek exit from the euro zone hung over a meeting of G20 leaders on Thursday after France and Germany made it clear that Athens must decide urgently whether it wants to stay in the 12-year-old currency bloc. The summit on the French Riviera had been meant to focus on reforms of the global monetary system and steps to rein in speculative capital flows, but a...
09:27 AM, Nov 03, 2011
Paris: French President Nicolas Sarkozy and German Chancellor Angela Merkel will hold an emergency meeting with Greece on Wednesday to push for a quick implementation of Athens' bailout deal, the 'only solution' to its debt crisis, Sarkozy said on Tuesday. Markets tumbled across Europe in response to the announcement by the Greek government to hold a referendum on the agreement which is expected to take place in a few weeks....
10:03 AM, Nov 02, 2011
Brussels: EU finance ministers outlined a deal on Saturday for recapitalising European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the euro zone debt crisis at a summit on Wednesday. After nearly 10 hours of talks, finance ministers overcame strong opposition from Spain, Italy and Portugal and agreed on the need to inject around 100 billion euros into European banks to protect...
10:02 AM, Oct 23, 2011
Washington: Congress party president Sonia Gandhi figures as the seventh most powerful woman of the world in the Forbes list which is topped by German Chancellor Angela Merkel and US Secretary of State Hillary Clinton. Sonia Gandhi, 64, who is recouping from unspecified surgery in a US hospital, is ranked seventh just ahead of US First Lady Michelle Obama in a list of 100 most powerful women of the world...
09:47 AM, Aug 25, 2011
New York: German Chancellor Angela Merkel topped the Forbes list of the world's most powerful women, which is dominated by politicians, businesswomen and leaders in media and entertainment. US Secretary of State Hillary Clinton, who came close to defeating President Obama when he sought the Democratic nomination in 2008, was second, followed by Brazilian President Dilma Rousseff. "Our list reflects the diverse and dynamic paths to power for women today,...
08:32 AM, Aug 25, 2011
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