UK Chancellor George Osborne warns the eurozone crisis is still “dangerous” as a new Greek leader takes office and Italy comes closer to passing austerity measures.

Link:
Eurozone crisis ‘hitting UK jobs’

UK Chancellor George Osborne declares “real progress” among Europe’s finance ministers to beat the eurozone debt crisis.

Link:
‘Progress’ at eurozone debt talks

BERLIN – Germany has begun to throw its weight behind more drastic measures to guard against the spread of a European debt meltdown, as Chancellor Angela Merkel said Wednesday that she would support a continent-wide plan to recapitalize banks should they appear to need aid. The region’s banking system appears to be teetering toward a crisis, largely because of concerns over loans that banks have made to governments that are struggling financially. European leaders have in recent days suggested that lenders may have to write off a larger portion of Greek debt than had been part of a plan inked in July. But that could hurt banks’ balance sheets and undermine confidence in the broader system – hence the developing plans to help shore up the banks. Read full article > >

See the rest here:
Germany urges plan to aid banks in crisis

The vote was also a narrow but significant political victory for Chancellor Angela Merkel, as fewer lawmakers from her own coalition joined the no vote than had been expected.

See the original post here:
Germany Votes to Expand Euro Bailout Fund

German Chancellor Angela Merkel tries to calm nerves over possible Greek default, saying the eurozone bloc must stay together.

Read the original:
Merkel bids to allay Greece fears

LONDON — A highly anticipated ruling by Germany’s Constitutional Court on Wednesday both helped and hurt Chancellor Angela Merkel’s battle to shore up the euro. The powerful panel of judges declared that bailouts to troubled nations were legal but also ordered that future rescues involving Germany must first be approved by a parliamentary panel. Analysts and markets appeared to breathe an immediate sigh of relief. The German DAX was up 4 percent in afternoon trading there; London’s FTSE index rose 3 percent, and France’s CAC was up 3.6 percent. Read full article > >

Go here to read the rest:
German court rules euro bailouts are legal, places limits on approval of rescue plans

UK Chancellor George Osborne defends the government austerity plans and warns that the economy faces a hard recovery.

Excerpt from:
Osborne warns of ‘hard recovery’

The UK’s biggest banks must be forced to ring-fence their retail operations from investment banking, Chancellor George Osborne is to say.

More here:
UK retail banks to be ring-fenced

German Chancellor Angela Merkel may be the guest of honor in Washington right now, but President Obama met quietly on Tuesday with another world leader, the crown prince of Bahrain. Things have been calm in the small Middle Eastern country since Saudi…

Go here to read the rest:
Obama Meets With Bahrain Prince

German Chancellor Angela Merkel arrives at the White House. Read full article > >

Here is the original post:
Obama and visiting Chancellor Merkel trade pledges of partnership

Labour’s Ed Balls dismisses the International Monetary Fund’s backing for Chancellor George Osborne’s deficit reduction strategy as “hoping for the best”.

See the original post here:
Balls: Osborne plan ‘not working’

German Chancellor Angela Merkel says phasing out nuclear power by 2022 can allow her country to become a trailblazer in renewable energy.

Here is the original post:
Germany ‘to set energy example’

BERLIN — Germany’s governing coalition said Monday it will shut down all the country’s nuclear power plants by 2022. The decision, prompted by Japan’s nuclear disaster, will make Germany the first major industrialized nation to go nuclear-free in years. It also completes a remarkable about-face for Chancellor Angela Merkel’s center-right government, which only late last year had pushed through a plan to extend the life span of the country’s 17 reactors — with the last scheduled to go offline in 2036. Read full article > >

See more here:
Germany decides to shut down all nuclear power plants by 2022 in the wake of Fukushima

UK Chancellor George Osborne is to formally nominate Christine Lagarde for the post of managing director of the International Monetary Fund.

Continue reading here:
Osborne backs Lagarde to head IMF

Former Liberal Democrat leader Lord Ashdown accuses Chancellor George Osborne of trying to “frighten” voters off changing the voting system.

Visit link:
Ashdown attacks Osborne over AV