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By Marlene Y. Satter, AdvisorOne |
September 10, 2012
Billionaire financier George Soros said that Germany's insistence on austerity measures, if not checked and replaced by growth strategies, will push the region into a depression.
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By Marlene Y. Satter, AdvisorOne |
September 7, 2012
ECB President Mario Draghi’s plan to buy bonds and drive down the interest rates for eurozone countries in trouble has lessened the stigma of asking for help, according to Prime Minister Mario Monti of Italy.
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By Marlene Y. Satter, AdvisorOne |
August 31, 2012
Jens Weidmann, president of Germany’s Bundesbank, reportedly threatened to resign over the issue of bond purchases by the ECB, according to a German tabloid.
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By Marlene Y. Satter, AdvisorOne |
August 27, 2012
Chancellor Merkel of Germany took to the airwaves over the weekend to try to quell ever-louder exitmongering talks among her political colleagues at home as they declared that Greece should depart the eurozone.
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By Marlene Y. Satter, AdvisorOne |
August 27, 2012
After meeting with Prime Minister Samaras of Greece on Saturday, President Hollande of France reiterated that Greece must remain in the eurozone—echoing the words of the German chancellor, Angela Merkel, the day before.
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By Marlene Y. Satter, AdvisorOne |
August 24, 2012
German officials seem to be backing away from earlier hints that leniency would be possible toward Greece on complying with the budget constraints of its bailout package.
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By Marlene Y. Satter, AdvisorOne |
August 23, 2012
Despite Greece's attempt to win additional time to comply with bailout conditions, Chancellor Merkel of Germany and President Hollande of France were discussing ways to send a firm message that Athens must adhere to its original conditions.
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By Marlene Y. Satter, AdvisorOne |
August 17, 2012
Chancellor Angela Merkel of Germany voiced her approval for the need for conditions attached to any bond purchases by the ECB.
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By Marlene Y. Satter, AdvisorOne |
August 15, 2012
Prime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
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By Marlene Y. Satter, AdvisorOne |
August 13, 2012
Investors are pulling money out of Bunds and seeking what they see as safer investments.