Parts of the German CDU party are highly critical of the joint reform plans proposed by their own Chancellor Angela Merkel and French President Emmanuel Macron. Her projects for the eurozone are the “wrong signal”, they say. EURACTIV Germany’s media partner “WirtschaftsWoche” reports. A few days before the EU summit in Brussels, a strong headwind is blowing into German Chancellor Angela Merkel’s face from her own party’s business wing. The Merkel-Macron line agreed in their meeting last week on the matter of euro reforms is “the wrong signal to the states in crisis”, a statement by the “Economic Council of the CDU” suggests. “Even if the implementation of many proposals remains unclear and the projects and their solution are pushed towards long timelines: It is clear that the direction is not right.” Merkel and Macron in their “Meseberg Declaration” demanded measures to create a “genuine … [Read more...] about Eurozone reform: CDU split over Merkel’s plans
Greece debt crisis timeline
Thursday, 21 June, is the longest day of the year - and it probably will be for Greece and eurozone ministers, as they try to reach an agreement on the end of the Greek bailout, and lay out a path for the years ahead. "Serious talks" were going on until the last hours ahead of the Eurogroup meeting in Luxembourg, a senior EU source said. The official said that creditor institutions - the European Commission, European Central Bank, European Stability Mechanism (ESM) and International Monetary Fund (IMF) - and the eurozone countries were "converging rapidly" and that there was a "70 to 80 percent chance" for an agreement. "The spirit is clearly a spirit of common will to achieve a good deal," EU finance commissioner Pierre Moscovici told reporters on Wednesday. The deal to end the bailout programme that started in 2015 will include four elements: closing the programme's fourth review, which will trigger a last disbursement to Greece; deciding debt relief measures; setting up a cash … [Read more...] about [Analysis] Greece facing post-bailout challenges
In this installment of the POLITICO Global Policy Lab, we explore the challenges facing the EU’s monetary union, and what can be done to address them. The POLITICO Global Policy Lab is a collaborative journalism project seeking solutions to challenges faced by modern economies in an age of political disruption and technological transformation. By Pierre Briançon | @pierrebri | Send tips to [email protected] We need to talk about Italy (again) The latest Italian euro scare isn’t a full-blown euro crisis yet, but it’s worth watching carefully. Events are developing on three different stages and on three different timeframes: in the financial markets over the next few days; within the triangle of Brussels, Berlin and Paris over the next few weeks; and in Rome over the next few months. How and when these conflate and commingle will determine whether the panic escalates into a life-threatening event for the eurozone. On financial markets, the … [Read more...] about POLITICO Global Policy Lab: We need to talk about Italy (again) — Not your grandfather’s eurozone — The Michigan of Europe?
To report corrections & clarifications, contact: Please indicate whether you're responding to content online or in the newspaper. The following corrections & clarifications have been published on stories produced by USA TODAY's newsroom: April 2018 News: A previous version of this story misstated Elliot Rodger's weapons. He used both a knife and a gun. https://www.usatoday.com/story/news/2017/03/31/masculinity-traditional-toxic-trump-mens-rights/99830694/ Video: A previous version of this video misstated the number of Americans living with unhealthful levels of pollution. https://www.usatoday.com/media/cinematic/video/33952141/8-of-americas-10-most-ozone-polluted-cities-are-in-this-state/ Opinion: Because of an editing error, a headline in an earlier version of this column incorrectly described Amy Wax's job status. https://www.usatoday.com/story/opinion/2018/04/20/black-students-law-school-amy-wax-column/510510002/ … [Read more...] about Corrections & Clarifications