François Hollande steals the show at his first late-night EU summit but the ball remains firmly in Angela Merkel’s court. Her constituents remain torn between paying for pain they don’t (yet) feel and shouldering the blame for an eventual collapse of the euro.
François Hollande steals the show at his first late-night EU summit but the ball remains firmly in Angela Merkel’s court. Her constituents remain torn between paying for pain they don’t (yet) feel and shouldering the blame for an eventual collapse of the euro.
New French Finance Minister Pierre Moscovici (pictured) and his German counterpart at their first-ever meeting Monday pledged to do whatever was necessary to keep Greece in the eurozone, despite the nation's crippling debt.
Official figures show the eurozone was flat in the first quarter of the year, though it did manage to avoid dipping into a recession. France also stagnated, whereas Germany posted a surprising 0.5 % growth.
After his inauguration on Tuesday, Francois Hollande will head to Germany for his first official visit. The new French President is meeting Angela Merkel for the first time and they have much to discuss, especially on the issues of budgetary discipline growth and growth in Europe. Hollande and Merkel have distinctly different ideas on how to end the crisis. So is the new Franco-German couple doomed to fail?
As Greece’s political impasse pushes Athens closer to the brink of a euro exit, François Picard’s makes the distinction between tough talk on the part of Europe’s leaders and the shared fear of a domino effect.
As Greece’s political impasse pushes Athens closer to the brink of a euro exit, François Picard’s makes the distinction between tough talk on the part of Europe’s leaders and the shared fear of a domino effect.
German Chancellor Angela Merkel's conservative CDU party suffered a swingeing defeat Sunday in an election in the country's most populous state. Initial projections show the centre-left Social Democrats with 38.8% of the vote and the CDU with 25.8%.
German Chancellor Angela Merkel's centre-right coalition is expected to lose legislative elections in the country's most populous state on Sunday. The opposition says the vote will send a vital message ahead of national elections, due in late 2013.
