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Wolfgang Schäuble, a prominent German politician, has passed away at the age of 81. Schäuble dedicated his life to politics and held various key executive positions, including serving as Germany's finance minister. He was known for his commitment to fiscal restraint and enforcing austerity measures on the European Union's struggling economies. While some praised his efforts, others criticized the lasting damage caused by these policies. Despite surviving an assassination attempt in 1990 that left him paralyzed, Schäuble continued his political career and made significant contributions to German reunification. [Extracted from the article]

The article states that the Spanish ruling political party the Popular Party, led by Spanish prime minister Mariano Rajoy, lost its majority in the Spanish parliament following the December 20, 2015, elections in Spain. According to the article, the results left a fragmented parliament and the possibility of the establishment of a coalition government. The article discusses the austerity measures implemented by Rajoy's government.

The article discusses the implications of financial crises and bailouts in Greece upon the Greek fishing industry during the early 21st century. According to the article, a significant decline in Greek household purchasing power lowered the demand for fish and the income of Greek fishermen. The article discusses austerity measures agreed to by the Greek government for bailout financing from creditors such as the organization the International Monetary Fund (IMF) and other eurozone countries, and profiles Greek fisherman Giannis Alexiadis.

The article states that the Greek Parliament passed austerity measures including spending cuts and tax increases on July 16, 2015, that were required to secure bailout financing from Greece's creditors. According to the article, opposition from within the ruling political party the Syriza Party called into question whether Greek prime minister Alexis Tsipras could retain his office. The article also discusses a proposal from the organization the European Commission (EC) concerning a payment due from the Greek government to the central bank the European Central Bank (ECB) on July 20, 2015.

The article states that finance ministers representing the monetary union the eurozone pressed the government of Greek prime minister Alexis Tsipras for a near-total capitulation to their austerity demands in exchange for bailout financing during meetings in Brussels, Belgium in July 2015. According to the article, the finance ministers suggested that if an agreement could not be reached, Greece should be offered negotiations to exit from the eurozone and the currency the euro. The article presents comments from Tsipras and German chancellor Angela Merkel.

The article discusses the strength and influence of the German government led by German chancellor Angela Merkel during negotiations between Greece and creditors that included Germany and the organization the International Monetary Fund (IMF) in Brussels, Belgium, in July 2015. According to the article, Germany pressed the government of Greek prime minister Alexis Tsipras to accept austerity measures in exchange for bailout financing. The article examines the potential impact of Greece exiting from the currency the euro on Greece and Germany.

The article states that representatives of the Greek government would meet with European creditors including the organization the International Monetary Fund (IMF) during a summit of eurozone leaders scheduled for July 7, 2015, following the rejection of austerity measures by Greek voters during a July 5, 2015, referendum concerning bailout terms. According to the article, Greek prime minister Alexis Tsipras fired finance minister Yanis Varoufakis in favor of Greek official Euclid Tsakalotos.

The article discusses the political and economic significance of Germany in Europe, particularly following a rejection of austerity measures by Greek voters during a July 5, 2015, referendum. The article examines Germany's role in European integration, the domestic popularity of German chancellor Angela Merkel, and the role of German leadership. It also discusses resistance to German leadership in European countries including Greece, Italy, and Spain.

The article discusses the impact of a rejection by Greek voters during a July 5, 2015, referendum concerning proposed austerity measures on the European monetary union known as the eurozone. It discusses the possibility that Greece would abandon the currency the euro and whether governments such as Germany would call Greece into default on its loans. The article presents comments from Dutch finance minister Jeroen Dijsselbloem.

The article states that over 61 percent of Greek voters rejected austerity measures demanded by the organization the International Monetary Fund (IMF) and European entities in exchange for further financial bailout funds in a July 5, 2015, referendum. According to the article, the austerity measures included pension cuts and increases in value-added taxes. The article examines the possibility that Greece could be forced into bankruptcy and exit from the currency the euro. The article presents comments from Greek prime minister Alexis Tsipras.

The article discuses the possibility that European stock markets would decline significantly should Greek voters reject demands for the implementation of austerity measures during a scheduled July 5, 2015, referendum in Greece. According to the article, investors were expecting the organization the European Central Bank (ECB) to limit potential fallout. The article presents comments from Swiss bank Reyl chief strategist François Savary.

The article describes the economic and social impact upon Greek citizens following the freezing of the Greek banking system in late June 2015. According to the article, Greeks were permitted to withdraw only €60 per day at automated teller machines (ATMs) and were prohibited from making international money transfers. It discusses the financial crisis in Greece and how the cash restrictions might impact the scheduled July 5, 2015, referendum concerning austerity measures. The article presents comments from Athens, Greece, Chamber of Commerce and Industry president Constantine Michalos.

The article states that Greece became the first developed country to default on the organization the International Monetary Fund (IMF) when the IMF financial rescue program sustaining Greece expired on June 30, 2015. According to the article, the Greek government failed to transfer $4.73 billion in repayment to the IMF. The article states that Greek prime minister Alexis Tsipras called for a July 5, 2015, referendum concerning austerity measures required by creditors for additional funding. The article presents comments from Greek designer Chara Marantidou.

The article discusses efforts by European and Greek leaders to persuade the Greek electorate concerning austerity measures required by Greek creditors such as the organization the International Monetary Fund (IMF) and other eurozone countries for bailout loans ahead of the scheduled July 5, 2015, referendum in Greece called by Greek prime minister Alexis Tsipras. The article states that Tsipras and the Greek political party Syriza urged a no vote on the referendum.

The article states that the Greek government announced that it was closing its banking system for six days beginning June 29, 2015, in the midst of its public debt crisis. The article also states that Greek prime minister Alexis Tsipras announced a referendum on austerity economic measures demanded from Greece's creditors such as the organization the International Monetary Fund (IMF) and eurozone countries. The article also discusses the possibility that the central bank the European Central Bank (ECB) would provide emergency lending to Greece.

The article states that Greek prime minister Alexis Tsipras called for a July 5, 2015, referendum concerning austerity measures demanded by Greek creditors such as the other eurozone countries and the organization the International Monetary Fund (IMF) in exchange for additional funding. The article discusses the likelihood that Greece would be able to pay $1.73 billion in loans due to the IMF on June 30, 2015, the impact of depositor withdrawals on Greek banks, and the willingness of the bank the European Central Bank (ECB) to offer Greece emergency liquidity.

The article discusses the legal status of golf clubs in China. According to the article, the austerity campaign of Chinese president Xi Jinping led to the closure of over 60 golf courses, and that several members of the Chinese Communist Party were under investigation for participating in golf. The article discusses a 2004 Chinese law banning the construction of golf courses. The article also discusses the Shenzhen, China, CTS Tycoon Golf Club, which the article states was constructed before the ban and owned by the state-controlled firm China Travel Service Holdings Hong Kong Ltd.

The article considers Greece' ability to repay its $365 billion in foreign debts. Paying back its creditors is seen as more of a political challenge than an economic one. Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis were elected on a platform to moderate the terms of Greece's bailout. Several examples are cited of other countries having endured austerity of a sort Greece's creditors want it to continue with.

The article discusses the economic conditions and policies of the eurozone and European Union (EU) countries, focusing on Germany. Topics include details on eurozone voters' attitudes towards Germany's practice of promoting economic overhauls to help indebted nations, mention of countries such as Greece and France's rejection of German-sponsored austerity, and mention of Germany's attitude towards the European Central Bank's (ECB) new policy of printing money to buy public debt.

The article discusses the unpopularity in Greece of austerity measures imposed on it by the European Central Bank (ECB), International Monetary Fund (IMF), and European Commission (EC) that could result in a victory for the anti-austerity Syriza party in January 2015 elections. Particular attention is given to Prime Minister Antonis Samaras' unsuccessful efforts to negotiate a measure of relief from austerity with the ECB, IMF, and EC.

The article discusses renewed concerns about Greece's membership in the euro zone. The Syriza Party led by Alexis Tsipras, which is polling well as Greece's January 2015 elections approach, has been a harsh critic of economic austerity imposed on Greece by euro zone nations as a condition of aid. German Chancellor Angela Merkel's government has warned Greece needs to abide by its commitments. French President Francois Hollande has said Greece must decide whether to remain in the Eurozone.