#GERMANY: Gov't to Help Rescue Troubled Cruise Ship Builder

[world politics news]

Germany's government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty, Chancellor Olaf Scholz said Thursday.

Meyer Werft employs more than 3,000 people in Papenburg on the Ems river in northwestern Germany, near the Dutch border. The company has built 58 cruise ships so far, according to its website.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#CANADA: Ruling Liberal Party Backs Off Plan To Push For 21-Month "Blank Check" To Spend, Tax, Without Parliament

[world politics news]

Hours before introducing a bill to spend up to $82 billion and increase federal powers to fight the COVID-19 pandemic, the Liberals backed off a measure that the Opposition decried as an attempt to get Parliament to sign them a blank check.

While Conservatives said they were prepared to quickly approve the billions in emergency financial aid and economic stimulus as promised by Prime Minister Justin Trudeau last week, they balked at a proposal to give the government sweeping new powers for up to 21 months to unilaterally spend, borrow and tax Canadians without seeking Parliament's approval.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#GREECE: War Of Words Escalates Between PM & German Finance Min.

[world politics news]

The acrimonious public spat between Prime Minister Alexis Tsipras and German Finance Minister Wolfgang Schaeuble has gotten personal after the latter said in an interview that he felt "no compassion" for the Greek leader. The German minister said he could not understand why Tsipras accuses the German government of wanting to harm Greek pensioners – in reference to Berlin’s opposition to the government granting a Christmas bonus to low-income pensioners. Germany, he said, is trying to help Greece get back on its feet, adding that understanding "has its limits."

#GREECE: Parliament Approves New Austerity Measures To Win #EU Aid Package

[world politics news]

Greek parliament approved further austerity measures needed to unblock the second tranche of aid provided for under the 86 billion-euro rescue package just before the extraordinary Eurogroup meeting yesterday. The new measures addressed stabilizing the pensions system and a 3.6 billion euro tax hike.

#GREECE: Strikes Begin, Protesting New Austerity Measures As Part Of New Bailout

[world politics news]

Greeks have walked off the job to protest austerity measures the EU nation has to endure as a trade-off for a third bailout granted by international lenders. Required reforms, such as tax hikes and an upcoming pension overhaul, have been unpopular.

#GREECE: Parliament Ratifies Tsipras Party Program In Post-Election Confidence Vote

[world politics news]

Greece's parliament easily ratified the platform of the Syriza Party and Prime Minister Alexis Tspiras after a three-day debate which followed the party's easy election last month. Tsipras had opened the debate, presenting his government's objectives for the next four years.

#THENETHERLANDS: PM #MarkRutte Survives No-Confidence Vote After Breaking Promise To Support Greek Bailout Funding

[world politics news]

Dutch Prime Minister Mark Rutte received a grilling in parliament for his cabinet's support for debt-ridden Greece's third international bailout, as he fended off a bid for a no-confidence vote on the issue. He won the vote by a wide margin.

#GERMANY: Parliament Passes Greek Deal, But At Cost Of Rebellion In #AngelaMerkel's Party

[world politics news]

German MPs voted through a third European bailout package for Greece on Wednesday, although a large number of abstentions and 'no' votes pointed to a sizable rebellion among Chancellor Angela Merkel's ranks.

#GREECE: PM #Tsipras Rallies His Reluctant Party Ahead Of #EU Vote On #Bailout Deal

[world politics news]

Greek Prime Minister Alexis Tsipras is trying to rally his Syriza Party late Tuesday before a Wednesday vote in parliament on the second package of measures demanded by international creditors to open talks on a new bailout deal.

#GREECE: PM Tspiras Purges Leftists In Cabinet Who Opposed #EU Austerity Deal

[world politics news]

Greek Prime Minister Alexis Tsipras has expelled leftists in his cabinet who voted against more austerity and reforms demanded by international creditors in return for a new rescue deal. Despite the revolt within his Syriza party, parliament approved the bailout, opening the way for European action to stave off Grexit, at least for now.

#GREECE: Tough Deal For #EU Bailout Could Cause Tsipras' Party To Rebel, Force New Elections

[world politics news]

Just a week after a nationwide vote to reject more austerity and reforms in exchange for more bailout money from the EU, a deal struck Sunday to give Greece billions more Euros demands exactly what voters rejected. The PM's  Syriza Party may put up resistance and fracture, forcing new elections.

#GREECE: BREAKING: As Bailout Talks Near An End, PM Tells Parliament EU Proposals Are "Extreme"

[world politics news]

Greek Prime Minister Alexis Tsipras told the Greek Parliament today that the bailout proposals put on the table by Europe's institutions and the IMF this week were "extreme" and "cannot be accepted." He went on today say Greece's demands are the "only realistic proposal." His call for a united front with other parties was immediately rejected.

#GREECE: PM Tsipras Offers "Realistic" Bailout Deal That Offers "Difficult" Concesssions

[world politics news]

Greek Prime Minister Alexis Tsipras says he has issued "a realistic proposal" to its international creditors in an attempt to secure a deal over its debts. The proposal comes after a Berlin meeting of IMF and EU officials which Tsipras did not attend, as the Greek financial crisis entered its final days.

#UK: Greek Financial Crisis "Greatest Threat" To World Economy, Says UK Chancellor; Stocks Plunge

[world politics news]

The ongoing Greek fiscal crisis caused stocks in Europe and the USA to plunge over 1%, as the UK's Chancellor of the Exchequer George Osborne warned the deadlock over Greece’s bailout program could trigger a repeat of the 2011/2012 fiscal crisis in the EU, causing a potential "calamity."

#GERMANY: Conservatives In Merkel's Party Demand Vote, Tough Terms For Greek Bailout

[world politics news]

A group of hardliners among German Chancellor Angela Merkel's conservatives have urged lawmakers to take a tough stance on a loan extension to Greece. They have publicly warned against being too lenient on Greece, underscoring misgivings about the loan extension among Merkel's Christian Democrats.

#GREECE: #EU, Greece Reach Temporary 4-Month Deal To Avert Fiscal Crisis

[world politics news]

European finance ministers have agreed in principle to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area.

#GREECE: #Germany Rejects Greek Request For Loan To Replace Severe Austerity Plan

[world politics news]

Germany has rejected a Greek request for a six-month extension to its EU loan. Greece had sought a new six-month package, rather than a renewal of the existing deal that comes with tough austerity conditions that have devastated its economy. Greece now has one day to reach a new deal.

#GREECE: EU Issues Greece An Ultimatum Over Extending Bailout Deal

[world politics news]

Greek officials are "cautiously optimistic" about a deal extending the EU's bailout of the troubled nation, just 10 days before their current deal expires. The EU hopes Greece will extend the deal six months, but Greece's new government, saying it's suffering under severe austerity measures, wants a loan deal instead.

#UKRAINE: Parliament Fires Top Prosecutor For Lack of Reform

[world politics news]

Parliament has acted on Pres.  Poroshenko's request to dismiss General Prosecutor Vitaliy Yarema from office for his failure to bring reform and justice after last year's revolution. Significant government reform is one of the terms of Ukraine's agreements with the International Monetary Fund in exchange for billions in financial aid.

#GREECE: PM #AlexisTsipras Seeks Bridge Loan To Replace EU Austerity Plan; Seeks WW2 Reparations from Germany

[world politics news]

New PM Alexis Tsipras says Greece will seek a bridge loan rather than an extension of its bailout from the EU, which is due to end this month. Addressing parliament, Tsipras said Greece would also seek wartime reparations from Germany for the occupation of Greece.