• Germany's news in English
 
app_header_v3

Obama praises Merkel’s euro crisis leadership

The Local · 22 Feb 2012, 12:27

Published: 22 Feb 2012 12:27 GMT+01:00

The White House said late Tuesday that "the president thanked the chancellor for her leadership and welcomed last night's agreement in Europe on a new rescue programme for Greece to help reduce its debt to sustainable levels."

"The president and chancellor agreed that the planned EU fiscal pact, recent actions by the European Central Bank and reforms by Spain and Italy have also been positive steps in addressing the eurozone crisis," White House spokesman Jay Carney added.

But back home the reaction to the new €130 billion Greek bailout deal, agreed by the eurozone’s finance ministers Tuesday morning, has been less friendly.

Prominent Merkel-ally Wolfgang Bosbach, deputy parliamentary leader in the chancellor’s Christian Democratic Union, has already announced that he would not vote for the new package.

“We’re marching with great strides towards a union of liability, and we’re burdening future generations with risks that I find unjustifiable,” he told the Passauer Neue Presse.

Bosbach has a history of defying his party on the euro crisis – he also opposed the expansion of the European Financial Stability Facility (EFSF) last year.

He has been joined this time by the German Taxpayers Federation (BdSt), which has called on the German parliament to vote against the bailout package. “Once again, the taxpayers are the losers in the second Greece package,” BdSt President Karl-Heinz Däke told the Neue Osnabrücker Zeitung.

Private creditors are also expected to agree to debt cuts of €107 billion to save Greece from its spiralling debts, but it remains unclear whether enough banks, hedge-funds and other financial institutions will participate in the plan.

Story continues below…

The bailout deal will be put to the German parliament next Monday.

The Local/bk

The Local (news@thelocal.de)

Your comments about this article

14:00 February 22, 2012 by raandy
Mrs Merkel you are doing well to conceal your dislike of hugs from non family members :-)
14:29 February 22, 2012 by steve_glienicke
Think if i was these clowns, i would hold back a bit on the hug's and kisses for a job well done.......

1st thing is it has not yet been cleared by all parties and 2nd thing, with less pennies in the pocket, how does anyone think the poor greek people are going to be able to kick start the economy again, all the job loses and higher taxes etc,etc, are fine and dandy, but these people still need money to buy things, no money = no purchasing, and no purchasing means no growth!
14:43 February 22, 2012 by derExDeutsche
'Tonight, Angela, we feast on our young.'

all praise be to Jesus Christ, the Banksters are finally getting some of their money back.
16:28 February 22, 2012 by Tanskalainen
Obama just wants her blonde coochie.
16:39 February 22, 2012 by X13F
If this guy wasn't such a #$%&$% liar and thief it would be laughable. He and his family have taken more expensive trips and vacations, holds weekly $$ parties, etc. than any president in history. Just in the last 30 days Michele and mommy and daughters have spent 17 days in Hawaii and a week in Aspen, Colorado. Wish I could afford to go but I can't because I have to pay for the wealthy to vacation. All the occupy wall street, 99%ers vs 1%ers are useful idiots of political elites and don't even know it. Slight of hand distractions. Everyday stealing our freedom while saying it is to keep us safe. Safe from whom? Obama vacations while Rome burns. 4 more years of this and the U.S. will be asking Greece for aid.
17:13 February 22, 2012 by Englishted
Keep hugging her and expect a knife in the back from a certain nasty little French dwarf who thinks he is the love of her life.
18:51 February 22, 2012 by Dizz
LOL @ Englishted!!

What is it about American Presidents not being able to keep their hands off her, eh?
19:53 February 22, 2012 by carlm
Praise from president Downgrade is the greatest of insults.
20:00 February 22, 2012 by Englishted
Put her down you don't know where she's been.
08:14 February 23, 2012 by OkieinBerlin
@x13F, in four years, when you are proven wrong, will you then admit your ignorance for us all to read? the ranks crybaby losers just keep coming up with new Obama plots and crimes... it seems to me that superior thinkers like you would just once come up with some tangible proof of all the crimes you've accused this man of.

At least we can take some consolation in the fact that the best you can do is sit at home, read your screen and rant.
10:48 February 24, 2012 by christopheuk25
Stomach churning b/s, an imbecile praising a cretin,pass the sick bag.
19:48 February 24, 2012 by raandy
OkieinBerlin nice to hear from a guy with an axe to grind.
13:02 February 25, 2012 by Deutschguy
Let a thousand okieinBerlins bloom, as s/he is a rational voice against the paranoid rants of x13f.

@x13f: You are clearly fed by Faux News, NewsMax, and right wing talk radio, who just make stuff up.

If you want to list abuses in office, go back no further than Bush Jr./Cheney. And you probably voted for them twice. Or to Reagan's, who still holds the record for the most corrupt and most indicted officials.

x13f: You are either a shill for Big Oil or make your money from bloated and fraudulent US defense contracts. Or maybe some Koch Brothers funded group just pays you to spew this crazy stuff.
Today's headlines
President who pioneered Moscow ties dies aged 97
Former Cold War President of West Germany Walter Scheel. Photo: DPA.

Former West German president Walter Scheel, who helped pave the way for his country's rapprochement with the communist East, has died aged 97, his party's spokesman said on Wednesday.

Former East to lag behind West for years to come: study
Poverty in eastern Germany. File photo: DPA

Eastern Germany remains economically anaemic with little prospect of catching up with the rest of the country by 2030, a study published on Wednesday said.

Turkey's spy network in Germany 'thicker than Stasi's'
Photo: DPA.

Turkey has around 6,000 informants working in Germany, which experts say means they're each monitoring more people than the Stasi did in West Germany during the Cold War.

Germany's first 'intelligent' bridge to open in Nuremberg
File photo: DPA

An €11 million bridge, which is nearing completion in northern Bavaria, is set to include technology never seen before on the German Autobahn.

Stockpile food in case of attack, Germany tells citizens
Photo: DPA

Germany on Wednesday urged its population to stockpile food and water in case of terrorist or cyber attacks, as it adopted its first civil defence strategy since the end of the Cold War.

Ten injured after freight train crashes into bus in Osnabrück
The crash site in Osnabrück. Photo: DPA

A freight train crashed into a bus in Osnabrück on Wednesday morning, leaving several people badly injured, local media report.

Man wins ten-year court battle over €2.50 surcharge
Photo: DPA

An Austrian man has won a ten year court battle over an extra €2.50 he was asked to pay to get into a swimming pool in Bavaria a decade ago.

In Pictures
Düsseldorf swoons as Prince William comes for royal visit
'Well hello Mr. Prince'. Photo: DPA.

Prince William paid a visit to the Rhineland city of Düsseldorf on Wednesday to celebrate the state of North Rhine-Westphalia's 70th birthday. Here's a look at his royal stay.

Brexit
Frankfurt attempts to charm banks away from London
Frankfurt am Main. Photo: DPA

Germany's finance capital has spotted an opportunity with the Brexit-wary banking beasts of the Square Mile.

How did this bike end up on top of Berlin’s Molecule Man?
A professional climber 'rescuing' the bike hanging from the Molecule Man. Photo: DPA.

Berliners are still scratching their heads over how a bicycle ended up dangling from the capital’s iconic statue.

Sponsored Article
Why you should attend an international job fair
Gallery
Germany's 17 Olympic gold medals in pictures
Sponsored Article
Why expats choose international health insurance
Culture
7 American habits that make Germans very, very uncomfortable
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Sponsored Article
Why you should attend an international job fair
Culture
Eleven famous Germans with surnames that'll make your sides split
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Lifestyle
The best ways to get a visa as an American in Germany
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
Sponsored Article
Why Jordan is the ‘Different’ East
Lifestyle
What's on in Germany: events for August 2016
Sponsored Article
Five things Americans should know about voting abroad
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
International
German scientists prove birds can sleep while flying
Sponsored Article
Jordan: where history meets adventure
Technology
London v. Berlin: Which is better for startups?
Lifestyle
13 mortifying mistakes German learners always make
Sponsored Article
6 reasons expats use TransferWise to send money
Travel
Enter if you dare: Berlin's best abandoned haunts
Sponsored Article
Why you should attend an international job fair
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
Sponsored Article
Five things Americans should know about voting abroad
National
How to get German citizenship (or just stay forever)
Sponsored Article
Jordan: where history meets adventure
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
Sponsored Article
6 reasons expats use TransferWise to send money
Travel
Six soothing day trips to escape the bustle of Berlin
International
'Germany needs to make UK come to its senses'
Features
Six odd things Germans do in the summer
Features
How two gay dads cut through German red tape to start a family
8,582
jobs available
Toytown Germany
Germany's English-speaking crowd