European Central Bank (ECB) Governing Council member Erkki Liikanen Member of the European Central Bank (ECB) Governing Council Erkki Liikanen warns that the worsening financial condition in the eurozone may endanger the ‘German economy’. “Economic developments are causing us concern. No country is immune to the effects of the (EU) debt crisis. Not even the German economy,” said Liikanen on... 

TODAY THE FEDERAL RESERVE, America’s private central bank, began to ship billions of dollars to the central bankers of Europe in an attempt to stem the fall in the value of the euro created by Greece’s debt crisis. The total value of the deal could easily top $1 trillion according to experts. Americans — suffering from high unemployment and a tanking economy themselves — are expressing... 

A majority of Germans want debt-ridden Greece to be thrown out of the euro zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, a poll published on Sunday showed. Vocal opposition to aid for Greece from members of Chancellor Angela Merkel’s coalition also grew at the weekend with several senior politicians expressing scepticism, especially as Germany’s...