Wolfgang Schauble

5 Stories

As Deadline Looms, Cyprus Prez Threatens to Quit

Fraught negotiations under way in Brussels with European finance ministers

(Newser) - Things are getting testy in Brussels, where Europe's financial powers that be are hunkered down in furious negotiations to determine Cyprus' fate ahead of tomorrow's deadline to finalize a $10 billion bailout. Cyprus President Nicos Anastasiades has threatened to quit, reports Reuters , in a fraught meeting with Eurogroup... More »

Cyprus' Banks Might Never Reopen, Warns Germany

Cypriot officials acknowledge tomorrow's planned opening may not occur

(Newser) - On the heels of yesterday's crushing rejection of its controversial bank deposit tax, the what-the-heck-is-Cyprus-going-to-do watch continues. The BBC reports that President Nicos Anastasiades is in crisis talks with party leaders and examining "alternative plans." The country's banks remained closed through tomorrow, and officials now say... More »

Germany Rips 'Stupid' US Euro Plan

Who is Obama to talk, grumbles finance chief

(Newser) - Get your own house in order first, miffed German officials are telling the US, blasting America's call to pump up a bailout fund as a not-so-bright idea. "I don't understand how anyone can have such a stupid idea," said German Finance Minister Wolfgang Schauble, referring to... More »

Germany Bans Group Behind Nazi Summer Camps

'Heimattreue Deutsche Jugend' indoctrinated children with racism, minister says

(Newser) - The German government today banned a neo-Nazi youth group it says ran summer camps where children were instructed in racist and National Socialist ideology, Der Spiegel reports. “Heimattreue Deutsche Jugend,” the German Youth Faithful to the Homeland, allegedly included military exercises and “racial science” classes—which discussed... More »

Germany Weighs Civil Liberties Against Security

New world order prompts government, society to reevaluate

(Newser) - Sensing a growing threat from Islamic terrorists, Germany's top security official is pushing for new measures to monitor suspects and deal with attacks, the Times reports. But the interior minister's moves have ignited a firestorm of controversy in a country overly familiar with authoritarian rule. Chancellor Angela Merkel has expressed... More »

5 Stories