Tag: Germany

• Thursday, November 4th 2010 - 19:54 UTC

  Germany blasts latest US Fed Reserve plan to pump more money

  

  German Economy Minister Rainer Brüederle from the liberal FDP blasted the United States monetary expansive policy which is geared to prop the declining US economy with strong liquidity injections.

• Tuesday, September 28th 2010 - 04:50 UTC

  German unification conditioned to acceptance of Euro, reveal documents

  

  Deceased French president Francois Mitterrand in 1989 gave his approval to German unification on condition that then Chancellor Helmut Kohl opened the way for the creation of an only currency in the European Union.

• Monday, August 16th 2010 - 04:20 UTC

  Strong rebound of the German economy: GDP 3% growth in 2010

  

  German gross domestic product (GDP) could grow by as much as 3% in 2010, as positive quarterly figures have stoked optimism in Europe's largest economy, Die Welt newspaper reported on Sunday, citing Economy Ministry officials.

• Monday, July 19th 2010 - 04:14 UTC

  China promises Germany’s Merkel support for the Euro

  

  Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt problems affecting many Euro zone countries. He was speaking in Beijing alongside the German Chancellor, Angela Merkel. She described his pledge as an important signal that China has confidence in the Euro.

• Wednesday, June 23rd 2010 - 04:09 UTC

  UK, France and Germany slap coordinated levy on banks

  

  Banks operating in the UK will be hit with a levy in a move set to raise more than £8bn over four years, the chancellor has announced -The levy is part of a joint move between the UK, France and Germany.

• Tuesday, May 18th 2010 - 18:01 UTC

  EU agrees on tougher regulation for hedge funds, in spite of UK objections

  

  European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.

• Saturday, May 15th 2010 - 04:20 UTC

  German Economy Rebounds in the First Quarter of 2010 with 0.2% Expansion

  

  The German economy—Europe's largest—expanded 0.2% in the first quarter of 2010, beating forecasts of zero growth. Many analysts predicted German GDP would stagnate in the quarter.

• Monday, May 10th 2010 - 03:33 UTC

  Greek Crisis Costs Germany’s Coalition Control of Parliament Upper House

  

  German Chancellor Angela Merkel's party and its coalition allies have been defeated in regional elections in North Rhine-Westphalia, projections suggest. If confirmed, this would see Ms. Merkel's national coalition lose its slim majority in the upper house of parliament, the Bundesrat.

• Monday, May 10th 2010 - 03:29 UTC

  German Highest Court Rejects Attempt to Block Rescue Aid to Greece

  

  Germany's highest court on Saturday rejected a request by a group of academics to block the immediate release of Berlin's multi-billion-euro loan to debt-stricken Greece.

• Tuesday, May 4th 2010 - 05:29 UTC

  German Cabinet Approves Contribution to Greek Bail Out

  

  Germany's cabinet has approved its contribution to the Eurozone and IMF bailout of Greece. The German parliament is set to pass the legislation later this week to allow its loan—worth 22.4 billion Euros over three years—to be paid.