The European Stability Mechanism (ESM) – the eurozone's bailout fund – should ultimately be turned into a European version of the International Monetary Fund IMF, according to the head of eurozone finance ministers.
Jeroen Dijsselbloem could well lose his role as chair of the EU body coordinating eurozone policy after his party was routed in the Dutch election. But there is a chance he could retain his position even if he is no longer finance minister in a new coalition.
The German government still wants to set up a European monetary fund but the European Commission does not want to surrender any responsibility for assessing eurozone finances. EURACTIV’s partner Der Tagesspiegel reports.
German Finance Minister Wolfgang Schäuble said on Friday (17 February) the European Union must take on a bigger international role, saying the answer to crises from security to climate change was to stick together and stop relying on the United States.
Greece should leave the eurozone and then be given debt relief, the head of Germany's pro-business Free Democrats (FDP) told German radio today (9 February), as a dispute between the eurozone, the IMF and Greece itself continues unabated.
International Monetary Fund (IMF) head Christine Lagarde reassured German Finance Minister Wolfgang Schäuble this week that the IMF plans to remain constructively engaged in talks about aid for Greece, a spokesman for Schäuble said earlier today (20 January).
In an interview with Süddeutsche Zeitung, Social Democratic Party of Germany (SPD) deputy chairman Carsten Schneider insisted that the International Monetary Fund's (IMF) participation in the Greek bailout was not necessary. EURACTIV Greece reports.
The European Central Bank faced a multi-pronged assault today (13 January) as former Italian Prime Minister Silvio Berluscon was revealed to have filed a case against the bank and Germany’s finance minister told it how to do its job.
Berlin is weighing up the possibility of the EU taking over the Greek bailout in the event that the International Monetary Fund decides to end its role in it, German Minister of Finance Wolfgang Schäuble said on Friday (13 January). EURACTIV Greece reports.
Some eurozone members have expressed their willingness to invest more but did not take on board the executive’s proposal for a common positive fiscal stance to boost the bloc’s recovery, at a Eurogroup meeting held today (5 December).
German Finance Minister Wolfgang Schäuble has praised Spanish Prime Minister Mariano Rajoy for the "great progress" he has made in structural reforms and refuted EU claims that Germany should be spending more to stimulate growth. EURACTIV Spain reports.
Eurogroup head Jeroen Dijsselbloem and German Finance Minister Wolfgang Schäuble, in a move likely to anger Athens and the IMF, warned yesterday (7 November) it would be impossible to draw up fresh debt relief for Greece by year's end.
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