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Merkel Rallies Wary Coalition Ahead of Vote on Greek Aid

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German chancellor Merkel appeals to Christian Democrats in the German parliament to support the European Financial Stability Fund. Other 17 members of the eurozone will have to approve their share of the rescue fund's guarantees.

The European Union agreement for the eurozone debt crisis in Greece and other countries in July 2011

06/30/2011

The first really workable agreement was finally reached in Brussels after a year of sharp differences between the ECB, EU leaders, Greece government and opposition parties, and leaders of France, Germany and other EU countries. Fears of contagion for Italy and Spain and a sense of the dangers to the EU and the Euro currency itself led to the agreement, with the EU governments coming up with the financial support which will be channelled through the European Financial Stability Facility. The debt ceiling crisis in the U.S. may have added to the urgency to reduce nervousness in the markets about a breakdown in EU governance along with that in the U.S.

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A Guide to the New Deal in Athens: How a 'Selective Default' Works

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Bad Brussels Buffet

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What does Germany want from the Euro and the European Union? The Euro issue facing Germany in 2011-2015

03/03/2010

German political leaders do not want a "transfer union." At the same time they want to keep the European Union, just as much as Chancellor Kohl and Chancellor Adenauer. Merkel, Schroeder, Schauble and other leaders agree on the need for the European Union. The question is how to bring fiscal discipline to the EU, even if this means redesigning the structure of the EU. The vision of a united Europe persists.

Grouped Articles

Europe's Original Sin

Wall Street Journal 03/03/2010

Germany's Surplus Isn't the Problem

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Crisis of the Eurocrats

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Greek Crisis Shows How Germany’s Power Polarizes Europe

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Strict order

Economist 08/08/2015

Charlemagne: Germany’s euro question

Economist 09/10/2011


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