Angela Merkel
Greece
Avramopoulos Wants German WWII Reparations
Greece, after shying away from testing Germany, the biggest contributor to international bailouts propping up the Greek economy, said it will press for payments of reparations from damages caused by the Nazis in World War II.
The Finance Ministry has...
Economy
Germans Say Greeks, Cypriots Hide Riches
Der Spiegel’s front-page of April 15 had the provocative title, The poverty lie. How the countries in crisis cover up their riches, showing on its cover a man on a donkey carrying big sacks of money under an EU...
Diaspora
President Papoulias Meets AHEPA Delegation
President of the Greek Republic, Karolos Papoulias, received a delegation of the Hellenic American Educational and Progressive Association (AHEPA) at the Presidential Mansion.
“We have made great progress. Many things can be done until the end of this year and...
Greece
Greece and Cyprus Leave Eurozone, Adopt Dralira
Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...
Cyprus
Schaeuble Says Critics Envy Germany
Beaming over Germany's success in imposing its will and forcing Cyprus to confiscate up to 80 percent of uninsured bank deposits to get releae of a 10 billion euros ($13 billion) international loan, much of it coming from his...
Business
Cyprus Runs Up The White Flag To Bankers
On Feb. 25, conservative lawyer Nicos Anastasiades, promising Cypriots he would never allow foreign entities to steal money out of their bank accounts to pay for mistakes the banks made, was easily elected the island’s new President.
On March 25...
Business
Cyprus-EU Talks Resume, Zero Hour Looms
Eurozone officials met in Brussels on March 24 with Cypriot officials as negotiations resumed on whether the island country's government could satisfy lender demands, including for a bank confiscation tax, to trigger release of a 10 billion euros ($13...
Business
Cyprus OK's Partial Bailout Plan
With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) bailout from international lenders, Cyprus'...
Cyprus
Madame Merkel's Rule Goes Viral
The Moscow Times depicted the crisis in Cyprus and the Eurozone with the image of a faux Renaissance painting with all the major protagonists, with the focus on German Chancellor Angela Merkel dressed as a tavern woman. The picture...
Business
Merkel Warns Cypriots To Give In
German Chancellor Angela Merkel, whose country is insisting that Cypriot bank depositors help pay the cost of a crisis they didn't create, said that the Eurozone will not relent on that demand and warned Cypriots: "Don't try our patience."...