Berlin made mistakes with its “open-door” refugee policy, which “went off course” and saw hundreds of thousands of asylum seekers entering the country over the past two years, German Finance Minister Wolfgang Schaeuble admits. The German government is currently trying “to improve what went off course in 2015,” Schaeuble told Die Welt’s Sunday edition in an interview. “We politicians... 

German Finance Minister Wolfgang Schaeuble told Greece to carry out unpopular reforms if it wants to stay in the Eurozone, ruling out debt relief for Athens. The warning may signal yet another emergency in the continent already beset by multiple crises. As Eurozone finance ministers prepare to meet in Brussels on Monday to discuss short-term debt relief for Greece, Schaeuble delivered an ultimatum... 

Closing Europe’s borders to migrants would drive the continent to “inbreeding and degeneration,” the German finance minister has told local media, arguing that in his own country Muslims have enriched its “openness and diversity.” Immigration from neighboring Middle Eastern and North African countries would make Europe more solid, otherwise its population would have been left with no choice... 

The International Monetary Fund has confirmed that it didn’t receive the €1.6 billion payment from Athens that was due by the end of June 30, Brussels time, making Greece the first developed country to default on its international obligations. IMF spokesman Gerry Rice said in a statement that Greece had asked for a repayment extension earlier Tuesday and that the fund’s board will consider... 

The German government has struck a deal with the “Jewish Claims Conference” that will pay 772 million Euros (1 billion dollars) over 3 years as additional reparations to solely Jewish individuals that lived in German occupied territories in World War II. This money is not only for Jews that were imprisoned in concentration camps, but also applies to Jews who lived in open Ghettos within the German... 

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some... 

Finance minister urges MPs to support deal and pledges that investors will share burden. German Finance Minister Wolfgang Schaeuble told his country’s Parliament on Friday that MPs had a duty to approve a new aid package for Greece and that private creditors must carry some of the burden. Agence France-Presse reported that in an impassioned speech to deputies who later approved a non-binding motion... 

How well is Europe coping with the integration of its foreign residents? A two-day EU conference in Berlin will discuss methods to monitor migratory trends within Europe. For decades the nations of the expanded European Union, now comprising 27 countries, have wrangled over the integration of the EU’s 30 million foreign residents. The question: how to deal with those who try to enter what human rights...