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Keyword: financeminister

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  • We Are Not Letting EU Go German Finance Minister Warns That Britain Could Still Be Paying

    11/18/2016 2:31:27 PM PST · by Enlightened1 · 26 replies
    Daily Mail ^ | 11/18/16 | JAMES TAPSFIELD
    Britain could be forced to write cheques to Brussels until 2030 despite leaving the EU, the German finance minister has warned. Wolfgang Schauble delivered his blustering warning as Theresa May flew into Berlin for talks with Angela Merkel and other world leaders. Mr Schauble said post-Brexit Britain would be bound by tax rules restricting it from granting incentives to keep investors in the country. He also insisted there will be no special deal to curb freedom of movement if the UK wants to remain part of the common market. Signalling that the bloc is determined to take a tough line...
  • Yanis Varoufakis Resigns as Finance Minister of Greece After Vote

    07/06/2015 4:49:37 AM PDT · by SeekAndFind · 11 replies
    New York Times ^ | 07/06/2015 | By LIZ ALDERMAN and JACK EWING
    ATHENS — Greece’s combative finance minister, Yanis Varoufakis, who took a strong stand in demanding that creditors write off some of his country’s debts, abruptly resigned on Monday morning. Mr. Varoufakis had played a central role in rallying votes for a resounding no on a referendum on Sunday that asked Greeks whether they were willing to accept an arrangement with creditors that would require considerable further austerity, such as pension cuts. Mr. Varoufakis had threatened last week to resign in the event of a yes vote, and his decision to step down after he and his allies prevailed in the...
  • Greek Finance Minister Yanis Varoufakis resigns after 'no' vote against bailout

    07/06/2015 3:20:22 AM PDT · by Enlightened1 · 18 replies
    Fox News ^ | 07/06/15
    Greek Finance Minister Yanis Varoufakis resigned from his post Monday after Greek citizens voted to reject further austerity measures the day prior, the Associated Press reported. Varoufakis said he was told shortly after the voters rejected Sunday's referendum regarding demands by international creditors to impose further austerity measures in exchange for a bailout package for its bankrupt economy, that the other eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. Varoufakis issued an announcement saying Prime Minister Alexis Tsipras had judged that Varoufakis' resignation "might help achieve a deal" and that he was leaving...
  • Cyprus Finance Minister Resigns

    04/02/2013 11:33:11 AM PDT · by SeekAndFind · 10 replies
    Zero Hedge ^ | 04/02/2013 | Tyler Durden
    As per rumors first reported in the overnight summary article, the Cypriot finance minister has joined the other rats dumping the sinking island: CYPRUS FINANCE MINISTER SARRIS SAYS HE RESIGNSSARRIS SAYS RESIGNS DUE TO ONGOING INVESTIGATION IN CYPRUSSARRIS SAYS CYPRUS PRESIDENT ACCEPTED RESIGNATION Investigation? Did he also funnel cash into London ahead of Confiscation Day? But fear not, all shall be well, the now ex-finmin promises: SARRIS SAYS CAPITAL CONTROLS WILL BE EASED GRADUALLY Surely, if this great news doesn't send the S&P to new all time highs, nothing will.From Sigma Live:His resignation, submitted by the Minister of Finance...
  • German official: Obama should get his own debt under control before handing out free advice

    06/25/2012 7:54:41 AM PDT · by Kaslin · 15 replies
    Hot ^ | June 25, 2012 | Erika Johnson
    In a not-so-subtle rebuke of President Obama’s tendency to offer unsolicited recommendations on how Europeans should handle their debt crises on Sunday evening, Germany’s finance minister suggested that perhaps His Munificence should focus on his own problems before trying to fix everybody else’s. Wolfgang Schaeuble told public broadcaster ZDF in an interview late Sunday that “people are always very quick at giving others advice.”He says: “Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone.” An unfortunate and embarrassing truth — the EU’s debt-to-GDP ratio is well over eighty percent,...
  • Finance Minister Nakagawa submits resignation over strange behavior at G7 press conference

    02/17/2009 6:42:21 AM PST · by TigerLikesRooster · 6 replies · 542+ views
    Finance Minister Nakagawa submits resignation over strange behavior at G7 press conference Finance Minister Nakagawa resigns over strange behavior at G7 press conference Finance Minister Shoichi Nakagawa tendered his resignation Tuesday to take responsibility for his abnormal behavior at a news conference following a recent meeting of the Group of Seven finance ministers and central bank governors in Rome in which he appeared drunk. Earlier in the day, Nakagawa, who doubles as state minister for financial services that oversees financial institutions, had told a news conference that he would resign after the fiscal 2009 state budget draft and relevant laws...
  • Israel Cabinet: Olmert To Serve As Acting Finance Minister

    04/22/2007 1:31:48 PM PDT · by IsraelBeach · 6 replies · 574+ views
    Israel News Agency / Google News ^ | April 22, 2007 | Israel News Agency Staff
    Israel Cabinet: Olmert To Serve As Acting Finance Minister By Israel News Agency Staff Jerusalem ----April 22...... The following was communicated by the Israel Cabinet Secretariat and the Israel Government Press Office to the Israel News Agency. At the weekly Cabinet meeting today Israel Prime Minister Ehud Olmert announced that he had received Israel Finance Minister Avraham Hirchson’s statement that the latter was taking a temporary leave of absence as a result of the Israel police investigations in his regard and as per Article 24b of Israel Basic Law. Prime Minister Olmert noted that in keeping with Article 24b of...
  • Japan: BOJ urged to monitor missile test reaction (missile, interest rate, recovery)

    07/07/2006 2:15:57 AM PDT · by TigerLikesRooster · 6 replies · 398+ views
    AP ^ | 07/07/06 | YURI KAGEYAMA
    BOJ urged to monitor missile test reaction By YURI KAGEYAMA, AP Business Writer 1 hour, 1 minute ago Japan's finance minister urged the central bank Friday to watch the market reaction to North Korea's recent missile tests, ahead of the Bank of Japan's meeting next week when the bank may raise interest rates for the first time in six years. Finance Minister Sadakazu Tanigaki has repeatedly urged the bank to refrain from an early hike in rates, which have been at zero the last five years, so as not to hurt the nation's economic recovery. The bank's policy board meets...
  • Brazil's Finance Minister Steps Down (faces accusations he frequented "party" house / bribed pols)

    03/27/2006 4:27:29 PM PST · by NormsRevenge · 86+ views
    AP on Yahoo ^ | 3/27/06 | Alan Clendenning - ap
    SAO PAULO, Brazil - Finance Minister Antonio Palocci, the architect of Brazil's economic recovery and market-friendly fiscal policy, resigned Monday after becoming caught up in a political scandal. Palocci sent a resignation letter Monday evening to President Luiz Inacio Lula da Silva and Silva accepted the resignation, said presidential spokesman Carlos Villanova. Silva tapped former Planning and Budget Minister Guido Mantega to replace Palocci as head of the Finance Ministry. Mantega now heads Brazil's National Development Bank, and was a top Silva adviser along with Palocci during the 2002 campaign that made Silva Brazil's first elected leftist president. Mantega told...
  • China put on notice over its currency(cornered by G7)

    04/18/2005 10:07:04 AM PDT · by TigerLikesRooster · 44 replies · 1,260+ views
    Financial Times ^ | 04/1705 | Andrew Balls and Scheherazade Daneshkhu
    China put on notice over its currency By Andrew Balls and Scheherazade Daneshkhu in Washington Published: April 17 2005 19:11 | Last updated: April 17 2005 19:11The Group of Seven leading industrialised countries this weekend put China on notice that it must shift to a more flexible currency regime, with finance ministers demanding it take action immediately.  The G7's communique repeated its call for "more flexibility in exchange rates" where it was lacking, to help promote more balanced global growth, and added a demand that "vigorous action is needed to address global imbalances". Officials said there was no discussion of...
  • French finance minister becoming a force (Sarkozy)

    07/16/2004 2:27:11 PM PDT · by NormsRevenge · 19 replies · 656+ views
    Bakersfield Californian ^ | 7/16/04 | Laurence Frost - AP/Paris
    PARIS (AP) - The spotlight shines more brightly each day on Nicolas Sarkozy, France's rising political star, who has picked a very public sparring match with President Jacques Chirac. The focus on Sarkozy sharpened further Friday with the resignation of the chairman of the ruling Union for a Popular Movement - a job the ambitious finance minister sees as his stepping stone to the French presidency. As finance minister since April, Sarkozy has challenged Chirac with growing frequency on issues ranging from defense spending to labor market reform - a trend that prompted Chirac to use a television interview Wednesday...
  • Colin Powell speaks by phone with PA Finance Minister Fayyad

    03/04/2004 12:05:35 PM PST · by yonif · 3 replies · 138+ views
    Haaretz News Ticker ^ | 3/4/2004 | Israel Radio
    Colin Powell speaks by phone with PA Finance Minister Fayyad on disengagement plan, reform of PA finances (Israel Radio)
  • Palestinian finance minister threatens to quit

    01/04/2004 7:36:32 AM PST · by knighthawk · 2 replies · 116+ views
    Australian Broadcasting Company ^ | January 04 2004 | AFP
    Palestinian finance minister Salam Fayad has threatened to resign in a dispute with veteran leader Yasser Arafat over reforms to the security budget, official sources said Sunday. Mr Fayad, a former official in the World Bank and International Monetary Fund, told Mr Arafat several days ago that he would resign unless the budget was administered more transparently. Palestinian security forces continue to be largely paid by cash despite efforts by Mr Fayad to ensure that their salaries are administered through banks and with proper accounting procedures. "It is a conflict over how to run and administer the budget of the...
  • Iraqi finance minister captured (Hikmat Ibrahim al-Azzawi was also deputy prime minister)

    04/19/2003 3:56:38 AM PDT · by hotpotato · 1 replies · 175+ views
    BBC ^ | April 19, 2003
    Iraqi police in Baghdad have captured the country's former finance minister, Hikmat Ibrahim al-Azzawi, and handed him over to coalition forces, officials from US Central Command in Qatar said. Mr al-Azzawi, who was also a deputy prime minister, is number 45 the coalition forces' list of the 55 most wanted supporters of Saddam Hussein. He was also eight of diamonds in the notorious deck of cards handed out to US troops hunting Iraqi officials. Major Randi Steffy at Central Command said Mr al-Azzawi is now in the custody of US Marines.
  • No decision on aid yet, Rice tells Netanyahu (U.S. aid to Israel)

    03/10/2003 12:17:44 PM PST · by anotherview · 9 replies · 285+ views
    Globes ^ | 10 March 2003 | Zeev Klein
    No decision on aid yet, Rice tells Netanyahu Israel’s minister of finance told the US national security advisor: Don’t forget we support you over Iraq. Zeev Klein 10 Mar 03 09:54Minister of Finance Benjamin Netanyahu spoke by telephone with US National Security Advisor Condoleezza Rice last night about the loan guarantees Israel is requesting from the US. Rice called Netanyahu and told him that the US administration had taken no decision as yet on the aid package Israel is requesting. Netanyahu told Rice that “Israel’s economic situation is extremely difficult.” He pointed out that Israel was supporting the US over...
  • Netanyahu gives TASE (Tel Aviv Stock Exchange) a shot in the arm ("The Bibi Effect")

    02/27/2003 11:11:48 AM PST · by anotherview · 1 replies · 320+ views
    Globes ^ | 27 February 2003 | Yaron Friedman
    Netanyahu gives TASE a shot in the arm For several days, I’ve been predicting that options expiration day would restore the 305-310 level, and that was before one man grabbed the spotlight - Benjamin Netanyahu. Yaron Friedman 27 Feb 03 18:12The Tel Aviv Stock Exchange (TASE) indices rose today. The Tel Aviv 100 rose 3.18% to 323.63 points, the Tel Aviv 25 index rose 4.37% to 319.02 points, and 3.8% for the week, and the Teltech rose 0.99% to 170.60. Turnover was NIS 537 million. After months of depression, there was a surge of optimism today on the battered local...
  • (Former Israeli Prime Minister Binyamin) Netanyahu Considering Taking Ministry Of Finance

    02/26/2003 10:23:56 AM PST · by anotherview · 293+ views
    Arutz 7 ^ | 26 February 2003
    Netanyahu Considering Taking Ministry Of Finance "If Sharon tries to depose Netanyahu, it will lead to World War III in the party." So said Uzi Cohen, a leading member of the Likud Central Committee, to Arutz-7 today. A few minutes later, it was reported that Ariel Sharon had in fact decided to replace Foreign Minister Binyamin Netanyahu with Silvan Shalom. Netanyahu, after rejecting Sharon's offer to name him Finance Minister in place of Shalom, apparently changed his mind a few hours later and was considering accepting the post. But let's start at the beginning: Once the Likud completed its negotiations...