EU Pushes Ahead With Reforms Despite Opposition
Action is progressing on a number of fronts for the European Union even as opposition from countries such as Germany and the U.K. slows progress.
German Finance Minister Wants to Change EU Treaties
German Finance Minister Wolfgang Schaeuble is advocating changes that will allow the EU’s monetary affairs commissioner to reject national budgets and prevent non-eurozone countries, like Britain, from nixing eurozone-only measures.
IMF Says Greece Needs More Time, Possible Debt Reduction
Christine Lagarde and Wolfgang Schaeuble are locking horns over Greece.
Troika’s Internal Strife Stalls Greek Deal
As tensions in Greece over additional troika-decreed austerity measures mount, spurring demonstrations and protests, tensions are mounting within the troika itself.
Germany No Obstacle to Oversight: EC Official
The head of the EC's financial services arm said that the EC was confident it could win Germany over on the matter of the ECB overseeing all eurozone banks.
Merkel Defends ECB, Bundesbank
Chancellor Angela Merkel of Germany defended both sides of the bond-buying issue, saying that politicians should stay out of ECB limits in bond purchases but championing the right of the Bundesbank head to challenge them.
EC President Unveils Banking Union Plan
The plan laid out by President Jose Manuel Barroso would not only allow the ECB to supervise all eurozone banks, but would also give it jurisdiction over a broader, and at first voluntary, EU banking base.
German Bankers Argue Over ECB Supervision Plans
The EC has plans to give the ECB authority to supervise all eurozone banks, but the German government says that only the largest banks should be subject to ECB oversight.
ECB Rescue Plan Still Short on Details
ECB President Mario Draghi is set to unveil his bond purchase plan on Thursday.
Greece Must Stay in Eurozone: Hollande, Merkel
After meeting with Prime Minister Samaras of Greece on Saturday, President Hollande of France reiterated that Greece must remain in the eurozone—echoing the words of the German chancellor, Angela Merkel, the day before.