InfoAnda - Germany, France line up Greek-IMF aid deal

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Yahoo! shares surge on takeover reports | 10 November 2010
Karzai asks Obama for review of Afghanistan war | 15 August 2010
Pentagon: Don't lift gay ban yet | 1 May 2010

Pakistan airline staff on strike, many flights cancelled | 10 February 2011

Forum Views () Forum Replies ()

Read more with google mobile : Germany, France line up Greek-IMF aid deal

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Africa Europe Latin America Middle East North America Germany, France line up Greek-IMF aid deal AFP - Friday, March 26 Send IM Story Print German Chancellor Angela Merkel arrives at an European Union summit at the European Council headquarters in Brussels. Eurozone heavyweights Germany and France lined up a deal to involve the IMF in a Greece rescue package Thursday as the continent's leaders thrashed out a strategy to halt the single currency's slide. BRUSSELS (AFP) - – Eurozone heavyweights Germany and France lined up a deal to involve the IMF in a Greece rescue package Thursday as the continent's leaders thrashed out a strategy to halt the single currency's slide. After bloated Athens debts dragged the euro to a 10-month low, French President Nicolas Sarkozy and German Chancellor Angela Merkel agreed in the hour before a European Union summit opened, to involve the International Monetary Fund in an unprecedented move for the decade-old currency. According to the German government, the deal, if approved by the other eurozone and EU partners, will mean a "substantial" component of IMF money being pumped in to fix Athens' finances. In another departure, the agreement also envisages new sanctions being brought against all future wayward eurozone spenders. Other EU leaders were seen smiling as they received details of the plans from Merkel, Sarkozy and EU president Herman Van Rompuy on their arrival in the Brussels summit chamber, after the Belgian EU figurehead was given first sight of stringent conditions hammered out for eventual loans. According to the French presidency, head-to-head talks between Sarkozy and Merkel, the main protagonists in weeks of hard bargaining over how to help Athens, produced a "one-and-a-half-page" paper agreement laying out "very precise conditions" under which eurozone countries "could be led to intervene." It placed a different emphasis on the weight of the IMF's involvement, outlining "a European framework constituted of coordinated bilateral loans which member states would be drawn to contribute," with a complement of "International Monetary Fund loans." The deal was reached after Merkel warned that she would never abuse the "trust" of the German people, a majority of whom opposed granting direct aid according to opinion polls. EU budget rule fight is a re-run of 14-year-old row Greece's 300-billion-euro (407-billion-dollar) debt black hole largely lies behind the euro currency slumping to a 10-month low against the dollar, although a credit-rating downgrade for Portugal has increased the urgency to act. The aim of assistance, according to Greek Prime Minister George Papandreou, should be to ensure "we strengthen the eurozone, we strengthen the euro and we stabilise the euro currency." The European Central Bank and others had consistently argued that going to the IMF would be a sign of weakness. ECB chief Jean-Claude Trichet said that an IMF bail-out was a "very, very bad" thing. "All sign of a lack of responsibility on behalf of the members of the eurozone is bad in my eyes," he told a French television network. Merkel has been compared in her country to former British prime minister Margaret Thatcher for her unwavering stance in the face of rising Greek anger over what it perceived as a lack of European solidarity. Athens had accused German banks of profiteering from inflated interest rates on Greek government bonds, and German industry -- the world's second-biggest export economy -- of cashing in on Greece's woes by selling goods more cheaply abroad. French Finance Minister Christine Lagarde had also taken aim at Germany over competitive disparities within Europe, alluding to the German export boost that is not shared by euro peers. Traders hedge for profit, dodge blame The IMF has never been involved in planning a financial rescue for a eurozone member state although it has helped EU countries such as Hungary, in joint efforts with Brussels and other institutions. Tens of billions of euros are required to repay maturing Greek debt over the next couple of months. Athens has been paying interest rates above six percent, more than double what Germany pays, and had asked for an EU deal to be able to borrow on less onerous terms. Although the possible new sanctions were not spelled out, in extreme circumstances, Merkel has said that she wants the eurozone to be able to expel members who fail to balance the books. In another boost for Athens, European Central Bank president Jean-Claude Trichet made it easier for struggling Greek banks to get funding by keeping loan collateral levels unchanged into 2011. Following downgraded credit ratings, loan standards at the ECB would have meant Greek government bonds would no longer have been acceptable as collateral, which one economist suggested was "changing the rules." Additionally, Switzerland, which is not in the EU but does most of its trade with the bloc and its core continental eurozone, said it would be prepared to help. Recommend Send IM Story Print Related Articles UK-World Summary Reuters - 2 hours 21 minutes ago U.S. Senate backs healthcare fix, sends to House Reuters - 2 hours 35 minutes ago Vatican defends pope accused of inaction in US child abuse case AFP - 2 hours 48 minutes ago Air strikes kill 30 Taliban in NW Pakistan: security forces AFP - 2 hours 53 minutes ago Germany, France line up Greek-IMF aid deal AFP - Friday, March 26 News Search Top Stories Fed not yet ready to wind-down crisis aid EU, US see breakthrough in 'open skies' talks UN body rejects trade protection for marine species Pentagon eases rules on gay ban in US military Dubai World gets $9.5 bln injection for debt plan More Top Stories » Related Full Coverage Financial falloutLatest news on global credit crunch. All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Dubai World gets $9.5 bln injection for debt plan Sharks, elephants to reappear on CITES agenda 'Rare' fossil of new dinosaur species found in US Africa's gorillas face bleak future: report Climate catastrophe ushered in the dinosaurs:study More Most Viewed » 'Rare' fossil of new dinosaur species found in US 'Britain's Fritzl' raped daughters for over 25yrs Researchers back cancer-fighting properties of papaya Hollywood stars help prevent suicide after Twitter alert Prince Philip in strip club gaffe More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 26 March 2010
Israel mulls gestures to Palestinians after U.S. trip
Iraq election very close, results due Friday
Germany, France line up Greek-IMF aid deal
YouTube suffers outage
Sarkozy's bitterest enemy launches rival party
Pakistani jets kill nearly 50 in tribal region |
France, Germany strike deal to aid Greece
S.Korea lawmaker challenges election limits on Twitter use
U.N. peacekeeping boss orders probe of Darfur ambush |
UN rights body narrowly passes Islamophobia resolution
Fed not yet ready to wind-down crisis aid
U.N.'s Ban frustrated and disappointed over Myanmar |
EU's Ashton lays out plans for new diplomatic service
EU, US see breakthrough in 'open skies' talks
Parliament groups reject EU diplomatic corps plan |
Merkel insists on IMF rescue ahead of EU summit
Taiwan Semiconductor invests in energy-saving technology
Carla prefers Sarkozy not to run again
UN body rejects trade protection for marine species
Bruni not keen on second term for France's Sarkozy |
Pentagon eases rules on gay ban in US military
Pakistan arrests suspects in British boy kidnapping
IBM develops anti-spam software for Chinese mobile operator
Dubai World gets $9.5 bln injection for debt plan
Key U.S. lawmaker backs FCC's spectrum plan
I'm no hacker, says man who cracked Obama's Twitter
Global pace of deforestation slows: FAO
British parties imitate Obama in e-election
Sweden ranked world's most networked economy
LG aims at 25 percent of global 3D TV market
Netanyahu back home with US-Israeli spat unresolved
Obama launches sales blitz for health reform
Bin Laden warns US not to kill 9/11 mastermind
Economy trumps ecology at UN wildlife meet
LG aims at 25 percent of global 3D TV market |
Fidel says he has nothing against Obama
Myanmar rulers urged to free political prisoners
Key lawmaker backs FCC's spectrum plan |
China bans poet from traveling to US conference
Prince Charles visits Afghanistan
Japan to propose moving half key US base off Okinawa: report
U.S. lead in nanotech eroding, report finds |
China, Afghanistan vow to fight terrorism, drugs
Hacker gets 20 years for U.S. payment card theft |
UN council deplores 'systematic' rights abuses in NKorea
U.N. slams rights abuses in North Korea
Indonesian court upholds anti-pornography law
Pakistan: Airstrikes kill 61 suspected militants
Three weeks to save iconic Hollywood sign: trust
Toyota accelerator lawsuits go to US court
India's Bharti nears deal with Zain on Africa assets
Indonesia seeks $90 bln for infrastructure
It's all over for "The Hills"
Denmark's 'Little Mermaid' heads to China
Lost Booker Prize shortlist announced
Former China magazine editor launches new media business
Indonesian zoo welcomes birth of 25 Komodo dragons
Westerners follow Thai brides to live in hard-up northeast
Pakistan's forex reserves ease to $14.81 bln
S.Lanka minister regrets Akon's cancelled concert
Indonesia closes private radio station
TIMELINE-Taiwan's interest rate changes since 2001
Taiwan govt blasted for backing mainland director's opera
Japan to end cargo-only flights in October
Cubans forget their worries in baseball rapture
PetroChina profit slides 9.7% in 2009
Taiwan cbank says loose policy over, H2 rate rise seen
Indonesian court protects culture from porn law
China's ICBC says 4Q profits jumps 58 percent
Bolivia eradicates coca crops amid local grumblings
Progress, frustration as Liberia rebuilds from scratch
Sarah Palin to star in television series on Alaska |
A Minute With: Holly Hunter on angels and Saving Grace |
Miley, less smiley, grows up and into film career |
Simon Cowell to get international Emmy award |
It's all over for The Hills |
American Idol narrows to top 10, Paige Miles out |
Harry Potter park to open in June in Orlando |
Netanyahu aide sees accord with U.S. on Jerusalem |
EU's economic 'government' lost in translation
Myanmar junta prepares for final salute |
Pakistan troops kill 24 militants after attack |
Key lawmaker backs FCC's spectrum plan
Hacker gets 20 years for U.S. payment card theft
China VP due in Sweden as Volvo takeover nears
Bag With $100,000 Falls Off Armored Truck, Only $13,000 Returned
Hacker Sentenced To 20 Years For Data Theft
US Congress passes 'fixes' to landmark health law
Wall Street Journal to charge 17.99 dollars a month on iPad
Chatham County (N.C.) Courthouse Engulfed In Flames
U.S. Congress approves final healthcare changes
U.S. firms' security concerns grow in Mexico: poll |
Loan Modifications Up From Last Year, But Re-Defaults Are Too
US newspaper ad revenue down 27% in 2009: NAA
Pentagon makes it harder to expel gays in military
Malaysia's Anwar sodomy trial postponed until May |
Fed not yet ready to wind-down crisis aid
U.S. lead in nanotech eroding, report finds
Mexico arrests 'King of Heroin'
EU, U.S. aid groups to pledge about $2.7 billion for Haiti |
Replica of U.S. slave ship sails into Havana |
U.S. Students Only Average In Reading, Nation's Fourth Graders Show No Improvement Over 2007
Aussies on 4th track gold, Hoy saves Brits' blushes
Defense Department Modifies Don't Ask, Don't Tell Policy on Discharging Gays
Global Weather-Celsius
U.S. Markets Finish Mixed As Early Rally Loses Steam
Weather forecast for the Asia-Pacific region
N.Korea vows nuclear attacks to defend its regime
Chaotic Philippine election season in full swing
Endangered French cheeses cry out for help
S. Korean anti-Pyongyang leaflets go digital
'Missing' portrait of Aussie outlaw posts record price
Fox Affiliate Sources Say Conan O’Brien Deal Not Definite
Harry Potter park adds new characters
Rihanna's Rude Boy remains atop Hot 100 |
Bikini-clad wife puts Roddick in the shade |
Pakistan: 5 soldiers, 21 alleged militants killed
5 Pakistani soldiers, 21 militants killed in NW
The Times of London to charge for website
Russia bans Hitler's 'Mein Kampf'
Israel could use tactical nukes on Iran-think-tank
Britain's Times, Sunday Times to charge for websites
News Corp to charge for UK Times online from June
VW to raise 4.2 bln euros at 65 euros per share
U.N. tells Iran to end Eutelsat satellite jamming
North Chile hit by 6.2 quake, no damage reported |
Beware online knights in shining armor, US Army warns
Japan PM admits mistakes, asks voters for patience |
South Korean ship sinking, North attack suspected: report |
Iraq vote results near, Maliki backers urge recount |
Iraq awaits full election results amid tight race
Hamas says it attacked Israeli troops entering Gaza |
Scandal-plagued Catholic order apologizes to victims |
U.N. rights forum condemns Myanmar, extends probe |
Pirates attack Turkish ship off Nigeria, 3 injured |
Rio China trial defendant says treated fairly
New Zealand reaffirms Fiji sanctions
US-TECH Summary
Sentence upheld in China liquor bribery case
Japan PM admits mistakes, asks voters for patience
Fire at Indian army arsenal triggers explosions
Japan finalizing US base relocation proposal
Indonesian provinces plan to ignore anti-porn law
No change in policy on Jerusalem: Israel PM
News Corp to charge for UK Times online from June |
Hamilton quickest in Australian GP practice
Angry Cambodian mob kills motorcycle thieves
NKorea threatens 'nuclear strikes' on SKorea, US
Pakistani rupee eases vs dollar; stocks edge higher
Toyota stopping output in UK, France for 9 days
HK bank workers held in Lehman investments case
Toyota to halt UK, France production for 12 days
S.Korea refiners likely to raise ESPO imports -trade
Nissan, Renault, Daimler eye cross-shareholding: reports
Seoul shares end up on shipping firms, Korea Life
Electric car design to err on conservative side
Ridley Scott's 'Robin Hood' to open Cannes festival
FACTBOX-South Korea's five biggest IPOs
Noel Gallagher rolls back the years at solo gig
Abba may reform for one-off show
China could resume flexible exchange rate: adviser
Museum exposes Elvis, "the threat" to American morals
Indian wine lovers offer tasty target to vineyards
'Heroes' actress visits Japan dolphin hunt town
Could Abba be ready for a one-off reunion? |
Film composer Paul Dunlap dies at 90
Dragon poised to slay box-office competition |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01