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Johannes Laitenberger


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Relaxation over EU state aid ruled out

... solution, and had always been designed to allow for flexibility in "exceptional circumstances". Johannes Laitenberger insisted that the rush of announcements of unilateral government bail-outs over the weekend did not break the spirit of a "closer financial co-operation" deal at a weekend summit in Paris between Britain, France, Germany and Italy. German Chancellor Angela Merkel signed...

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EU shapes bank rescue strategy

... loans."This is a very serious situation and one that needs to be addressed," said EU spokesman Johannes Laitenberger."Obviously there is a great effort under way. Nobody is suggesting that this is business as usual, but it's true that there is not one single magic bullet that will solve this."Ripple effectsOn Monday, finance ministers from the 15 nations that share the euro will debate...

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EU's Barroso hails US rescue package vote

Brussels - The head of the European Commission, Jose Manuel Barroso, on Thursday hailed the US Senate's approval of a 700-billion-dollar rescue plan for the financial sector, calling the vote a "step in the right direction."Barroso is "delighted by the adoption of the Paulson plan," which is a "step in the right direction," his spokesman, Johannes Laitenberger, told journalists in Brussels....

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World leaders ask US to take responsibility

... sake of their own companies and for the sake of the world," echoed European commission spokesman Johannes Laitenberger. As the financial crisis claimed yet another victim in Europe and markets reeled, US President George W Bush insisted that the House of Representatives' vote against the package was "not the end." "The reality is that we are in an urgent situation and the consequences...

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EU urges US to assume responsibility and approve rescue plan

Brussels - The European Commission on Tuesday urged United States lawmakers to assume their responsibilities and swiftly approve a massive rescue plan amid global financial turmoil. "The turmoil that we are facing has originated in the US, and has become a global problem," said commission spokesman Johannes Laitenberger. "The US must take its responsibility in this situation and show...

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US told to take responsibility

"I believe that the Americans have come to realise that they have a responsibility to the rest of the world as well as to themselves," British Prime Minister Gordon Brown told Sky News and BBC television."The US must take its responsibilities in this situation, must show statesmanship for the sake of their own companies and for the sake of the world," echoed European Commission spokesman Johannes...

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Many around world point fingers at US economic 'casino' mentality for financial meltdown

... an unusually blunt statement from the 27-country European Union, EU Commission spokesman Johannes Laitenberger said: "The United States must take its responsibility in this situation, must show statesmanship for the sake of their own country, and for the sake of the world."The crisis also has strengthened voices in France and Germany calling for EU regulations to eliminate highly...

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US URGED TO REVERSE RESCUE PLAN REJECTION

The European Commission this afternoon challenged Washington politicians to show "statesmanship" and reverse yesterday's rejection of plans to pour 700 billion dollars into the economy.The current global economic turmoil had started in the US and it was now up to America to demonstrate responsibility for helping restore stability, declared Commission chief spokesman Johannes Laitenberger.The...

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EU urges US to show statesmanship

EU Commission spokesman Johannes Laitenberger said the EU was disappointed the US House of Representatives rejected the rescue package for the financial markets on Monday and added Washington had a special responsibility toward the global economy.

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Germany urges USA to deal with its financial crisis

... for the sake of their own country, and for the sake of the world," EU Commission spokesman Johannes Laitenberger said He said the 27-country EU was disappointed the U.S. House of Representatives rejected the rescue package for the financial markets Monday. He said a reworked version should be approved swiftly. "We expect that the decision will go through soon," said Laitenberger....

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World Leaders panic while Washington Fiddles and the Financial Markets Burn!

... for the sake of their own companies and for the sake of the world,” European Commission spokesman Johannes Laitenberger said. German Chancellor Angela Merkel called for another vote on the plan this week to restore market confidence. Apparently she believes that Obama’s speech in Berlin also provided her a seat in in the House (and given some of the crazy things I’ve heard Obama’s...

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More Calls for Global Financial Rules - BusinessWeek

... we have seen in Washington." The European Commission as a whole echoed Mandelson, with spokesman Johannes Laitenberger telling reporters on Tuesday that "the turmoil we are facing has originated in the United States. It has become a global problem. The US has a special responsibility in this situation." German Chancellor Angela Merkel also weighed in on Tuesday, urging the US Congress...

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Bush warns of worsening crisis

... for the sake of their own companies and for the sake of the world," European Commission spokesman Johannes Laitenberger said.German Chancellor Angela Merkel called for another vote on the plan this week to restore market confidence.British Prime Minister Gordon Brown said he had sent a message to the White House to underline "the importance that we attach to taking decisive action"....

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We're in crisis - it's time to act

... for the sake of their own companies and for the sake of the world," European Commission spokesman Johannes Laitenberger said. German Chancellor Angela Merkel called for another vote on the plan this week to restore market confidence. British Prime Minister Gordon Brown said he had sent a message to the White House to underline "the importance that we attach to taking decisive action"....

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Financial crisis Bailout stall threatens to bring down banks throughout the West

... follow if Congress does not reverse its decision to reject a $700 billion bail-out of US banks. Johannes Laitenberger, spokesman for the European Commission, summed up the mood when he said: "The US must take its responsibility in this situation, must show statesmanship for the sake of their own companies and for the sake of the world." Angela Merkel, the German Chancellor, said:...