Germany’s finance minister: No more Greek-style eurozone bailouts

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August 27, 2013 by apicomely

German FM: Eurozone in a better place Greek unemployment hits record 27.6% “If Chancellor Merkel (is) reelected I am confident that we will continue to work for a stronger Europe — that’s our general position. We don’t want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness,” Schaeuble said. His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe’s largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greece, along with three other eurozone countries — Portugal, Ireland and Cyprus — remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction.

China’s vice finance minister says no need for economic stimulus

News China’s vice finance minister says no need for economic stimulus Like . View gallery China’s Vice Finance Minister Zhu Guangyao addresses the media during a news conference at a hotel in BEIJING (Reuters) – China’s Vice Finance Minister Zhu Guangyao said there was no need for the government to stimulate the world’s No. 2 economy, saying on Tuesday that growth can instead be supported through structural adjustments. Zhu said while China faced a severe economic environment at home and abroad, it would keep economic policies stable.

Zurich Insurance Finance Chief Pierre Wauthier Found Dead

recovery is a double-edged sword. The changes in U.S. monetary policy have led to turbulence in global foreign exchange markets.” The U.S. Federal Reserve Board has hinted that it will gradually reduce its policy of monetary easing through bond purchases from the market.

Brazil to Surmount ‘Mini’ Crisis With Help of Investors-Finance Minister

He was 53. Police are investigating the circumstances of his death, the Zurich-based company said in an e-mailed statement late yesterday, declining to disclose further details. Officials found no indications of third-party involvement in the death, Marcel Schlatter, a police spokesman for the canton of Zug, Switzerland, where Wauthier lived, said by telephone today. Wauthier was appointed CFO in September 2011 after previous roles as group treasurer and head of centrally managed businesses.

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