BERLIN: A Greek exit from the euro zone would cause "utter chaos" but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel's Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday. "No one can predict the consequences of a Grexit other than that a lot of Greece's debts would have to be written off and at the same time monetary help would be necessary," Seehofer, state premier of Bavaria, said to the paper. "On top of that there Read more [...]

(Adds detail, quotes, context)BERLIN, July 29 (Reuters) - A Greek exit from the euro zone would cause "utter chaos" but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel's Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday."No one can predict the consequences of a Grexit other than that a lot of Greece's debts would have to be written off and at the same time monetary help would be necessary," Seehofer, state premier of Bavaria, Read more [...]

In its latest FOMC policy statement, the Fed did not provide any clear hints that a September rate hike is coming. Nevertheless, this doesn’t mean that it won’t happen, especially since the statement sounded a bit more upbeat on the economy. The policy statement was largely unchanged, with only some minor tweaks to acknowledge the improvement in the economic data. The housing sector is described as showing “additional” rather than “some” improvement, jobs gains are now thought to be Read more [...]

BERLIN (Reuters) - A Greek exit from the euro zone would cause "utter chaos" but it would have to be accepted if Athens was not willing not implement reforms, Chancellor Angela Merkel's Bavarian ally Horst Seehofer told German newspaper Die Welt. "No one can predict the consequences of a Grexit other than that a lot of Greece's debts would have to be written off and at the same time monetary help would be necessary," Seehofer, state premier of Bavaria, said in the interview published Read more [...]

BERLIN, July 29 A Greek exit from the euro zone would cause "utter chaos" but it would have to be accepted if Athens was not willing not implement reforms, Chancellor Angela Merkel's Bavarian ally Horst Seehofer told German newspaper Die Welt."No one can predict the consequences of a Grexit other than that a lot of Greece's debts would have to be written off and at the same time monetary help would be necessary," Seehofer, state premier of Bavaria, said in the interview published on Wednesday. Read more [...]

Comments (0) A DUTCH brewery is making an assault on new markets in the UK with the re-launch of beers backed by a major campaign aimed at consumers.Bavaria, with its origins on a family farm in Holland, has its UK base in Burton and is aiming to win over new converts to its alcohol and alcohol-free beers.With around 82 per cent of beer consumed in this country brewed across the UK, according to the British Beer and Pub Association, the Dutch company is positioning Read more [...]

Café Bavaria can't help but embrace the farm-to-table movement."We do not actually own a large freezer," admitted Drew Cyr, general manager at Bavaria, the newest limb on the Lowlands Group family tree, which includes Café Centraal, Café Benelux and fellow Wauwatosa watering hole Café Hollander, known collectively as The Grand Cafes."It's a small building. It's built over the top of the river. There's no basement. Our kitchen is located on half of the second level, and there Read more [...]