By Reuters Staff
1 Min Read
FILE PHOTO: U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen and German Finance Minister Olaf Scholz on Wednesday stressed the importance of U.S.-German and transatlantic ties - and the need to work together - in their first phone call, the U.S. Treasury said in a statement.
The two officials agreed to collaborate to end the coronavirus pandemic, support a strong and sustained global economic recovery, fight income inequality, and “forcefully address the threat of climate change,” Treasury said.
Yellen Talks Digital Taxes With UK, Germany in Initial Calls newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
The confrontation, which came at the height of the 2015 Greek debt crisis, was noted in “Adults in the Room”, the memoir of Yanis Varoufakis, the former Greek finance minister who tried to win debt relief for Greece.
Mr Macron formed a strong bond with Mr Varoufakis, as he believed the crippling austerity being inflicted on Greece in return for bailouts could lead to the ultimate destruction of the eurozone.
On June 28, 2015, with Greece’s bank on the cusp of closure, Mr Varoufakis wrote that he received a text from Mr Macron offering to broker a last-minute deal to win debt-relief for Greece in return for structural reforms.
Pascal Saint-Amans, director of the OECD s Centre for Tax Policy Administration (OECD)
The first day of the OECD s consultation may be over, but there is still a lot to discuss. The OECD will be hosting a day of consultation on its pillar two blueprint on January 15.
The next step for the Paris-based organisation is the G20/Inclusive Framework meeting on January 27-29. Yet there is just six months left to reach a final agreement.
Finishing at 16.30:
The Inclusive Framework (IF) still has to find enough common ground to support a final draft. Many countries have an idea of what they would like to do with pillar one, says Martin Kreienbaum, chair of the Inclusive Framework.
Germany is confident of a good start to transatlantic relations with U.S. President-elect Joe Biden, German Finance Minister Olaf Scholz told the Reuters Next conference on Tuesday.