Arab Today, arab today new eu measures raise pressure on merkel
Last Updated : GMT 20:39:03
Arab Today, arab today
Arab Today, arab today

New EU measures raise pressure on Merkel

Arab Today, arab today

Arab Today, arab today New EU measures raise pressure on Merkel

Brussels - UPI

European leaders are drawing up eurozone debt-crisis plans already rejected by German Chancellor Angela Merkel, to discuss at a European Union summit. The proposals follow an agreement by Merkel and other European leaders at the Group of Eight summit in Camp David, Md., to support a policy of economic growth over austerity -- a turnaround for Merkel, who previously staunchly insisted on fiscal discipline, including slashing government spending. The proposals to be presented at the informal summit Wednesday could include empowering the eurozone\'s new permanent $640 billion rescue fund to directly recapitalize faltering European banks, the Financial Times reported. EU rescue funds intended for banks, at present, may only be lent to national governments, which then recapitalize weak banks in their countries. But such lending adds to a nation\'s sovereign debt. The new permanent rescue fund, the European Stability Mechanism, is widely expected to replace the eurozone\'s current, temporary European Financial Stability Facility and European Financial Stabilization Mechanism in July. The idea -- championed by French President Francois Hollande, Italian Prime Minister Mario Monti and European Commission President Jose Manuel Barroso -- was previously backed by some European leaders but continually forced off the agenda by Merkel, the Times said. Hollande said after the weekend\'s G8 summit he had backing from other European leaders to raise an additional idea of issuing eurozone bonds that would be backed by governments of the entire 17-country region. The G8 members included the leaders of Britain, Germany, France, Italy, Japan, Canada, Russia, as well as the United States. The informal summit is officially to focus on proposals to spur growth, rather than crisis-response measures, officials said. The stimulus and job-creation proposals would be agreed to at their next formal summit June 28-29. French Finance Minister Pierre Moscovici was to meet with German Finance Minister Wolfgang Schaeuble in Berlin Monday to map out a revised plan for the euro, officials said. Moscovici has said France will no longer ratify European fiscal agreements unless they include measures to boost European growth. \"We\'re all very pleased that France wants to offer new initiatives with its newly elected president,\" Schaeuble told the Bild am Sonntag newspaper Saturday. \"The German government is ready to talk about anything,\" he said, ruling out measures that would raise debt. British Prime Minister David Cameron -- a conservative and Merkel supporter -- told Greek voters casting their votes for a new government June 17 that if they do not meet their financial commitments, they must \"give up on the eurozone.\" Most Greek voters voted for candidates who campaigned against the Greek bailout\'s austerity measures, although most surveyed after the election said they wanted Greece to stay in the eurozone. Monti told CNN Sunday he believed Greece and Europe would find a solution that will protect the eurozone and most likely keep Greece in the monetary union. \"I think as we approach the 17th of June election day, the feeling in Greece that it\'s crucial for their country ... to stay in the euro will focus minds and political programs on putting together a collective willingness to do so,\" he said. \"I think an equilibrium will be found,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new eu measures raise pressure on merkel Arab Today, arab today new eu measures raise pressure on merkel

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday