It seems that if the internal issues of the European Union were not enough, now America has started a war of words with the EU over the ongoing crisis of euro zone. It was being reported that as President Barack Obama lashed out at the EU to have failed in to warding off the debt crisis, the German Finance Minister, Wolfgang Schauble, didn’t spare any harsh words in the same regard.
“It’s always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government”, said Mr. Schauble, while indicating that US should not interfere in their matter.
On the option that the lending limit of the EFSF should be extended beyond _440bn, the finance minister turned down the option as a `folly’ to even giving it a thought.
In response to the strong words being used by the finance minister, the White House seems to be quite affront, as it’s known that US Treasury Secretary Tim Geithner had a key role in escalating power for EFSF so that cash crunched nations can be given financial help.
While the EU is doing its best to assure that it has back up plan to shove off any crisis, it would be interesting to see how the verbal clash between the two biggies would turn the events in the market.
There are a lot of things not going right at the IRS and mostly so when it comes to filing for Earned Income Tax Credits (EITC).
In December 2014, a report by Watchdog.org showed that that an audit by the IRS documented twenty four percent…
A new study by the Massachusetts Institute of Technology (MIT) has revealed that Istanbul lies…
The Michael J Fox Foundation is aiming to test wearable sensors in smart watches made by Intel’s…
There was a time just a few years back when Spain ranked second after Greece, as a figure of the euro zone’s huge debt crisis and economic slowdown. The country’s unemployment climbed to a huge twenty seven percent and the economy was still…
In January, trade surplus of Germany decreased since plunge in imports was more than a drop in…
On Tuesday, tech giant Google released latest to show how much of its online traffic is…
German drugmaker Merck said that its experimental cancer medicine evofosfamidehas failed in the last stage of clinical tests due to which it won’t seek regulatory approval for its treatment.
On Monday, Darmstadt, Germany-based Merck said…
In a Tuesday announcement, Adobe revealed that it has...
With the computer business having witnessed steep losses...
In a scenario where the government of the nations are...
After the event that was the 'hot-news' of the week, the...
© 2024 AustrianTribune
