Germany, France Disagree Over Emergency Aid
While the nations across the world are waiting for the European debt crisis to come to an end, a recent report of rift between Germany and France has put a question mark over the future of cash- crunched Greece.
Though France has refused to confirm any clash of interest over the utilization of euro zone's 440 billion rescue fund, it has been indicated by a senior EU diplomat that there is a simmering disagreement over the same.
It’s being believed that France is of the opinion that the EFSF should be used for recapitalization of banks, while Berlin is adamant to keep it as the last option.
"The bottom line for France is the AAA, and that's why they are pushing to do it (recapitalization) through the EFSF”, said the EU diplomat.
Despite all these contrary reports, it’s being largely focused that the looming crisis over Greece should be dealt with utmost priority lest it could put the global economic recovery under doubt.
Apparently, it has been confirmed that close discussions over the same are being going on between a team from EU and IMF and Greece so that the global concern can be managed before it’s too late.
European Commission President Jean-Claude Juncker’s proposal to expand Eurozone by bringing more countries into it has triggered controversy, mainly in Germany, where Chancellor Angela Merkel is seeking re-election.
Wall Street soared to record highs on Friday, thanks to robust trading in telecommunication shares as well as bouncing back of technology shares after a couple of days of declines.
The European Union’s effort to increase tax on turnover of technology multinationals like Google and Amazon gained momentum as nearly one third of EU states are now in support of the plan, French Finance Minister Bruno Le Maire said on Friday.
Stock price of electric vehicle maker Tesla gained more than 3 per cent on Thursday, after the company’s founder and CEO Elon Musk confirmed plans to introduce an electric semi-truck.
Bitcoin suffered its steepest decline since January 2015 on Friday after a senior executive of China’s state-backed internet finance body said the controversial digital currency could pose risks because Bitcoins and other cryptocurrencies could be
Cupertino, California-based Apple Incorporated has quietly increased prices for the 256GB and 512GB models of its iPad Pro by $50, MacRumors reported.