Tag: Germany

Thursday, June 28th 2012 - 07:43 UTC

German cabinet approves plan to balance federal budget three years earlier

By 2016, German budget will have a surplus and zero borrowing according to Minister Schaeuble’s plan

As was anticipated and ahead of a crucial European Union leaders summit Chancellor Angela Merkel’s Cabinet approved on Wednesday a spending plan that balances Germany’s federal budget three years earlier than required by its own rules.

Monday, June 25th 2012 - 19:53 UTC

Germany’s leading minister claims “Greece has forfeited Europe’s trust”

The ball is now in Greece’s court, said Finance Minister Wolfgang Schaeuble

Greece's new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said.

Sunday, June 24th 2012 - 02:43 UTC

Germany’s Bild newspaper becomes 60 and celebrates with 41m circulation

The tabloid-style daily feared and respected for its massive influence in Germany

Germany's best-selling newspaper was given away free to almost all of the country's 41 million households on Saturday in a controversial celebration of the daily's 60th anniversary that set a world record for largest circulation.

Friday, June 22nd 2012 - 07:39 UTC

Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

German Chancellor Merkel still contrary to any European bond buying

The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty.

Monday, June 18th 2012 - 03:24 UTC

Brussels willing to soften austerity measures for the Greek pro-bail out government

German Foreign Minister Guido Westerwelle said negotiators could consider giving Greece more time to fix its finances

European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy

Saturday, June 16th 2012 - 03:00 UTC

Pitting the idea of growth against budgetary rigour is ‘simply rubbish’ says Merkel

The German chancellor addressing the federation of family-run businesses (Photo AFP)

Germany's Angela Merkel regretted the lack of confidence among Euro leaders and warned against “mediocrity” as she stood firm against “growth quick fixes” to Europe's crisis.

Thursday, June 14th 2012 - 23:08 UTC

Merkel warns “Germany’s strength is not infinite” and there are “no miracle solutions”

The German Chancellor addressing Parliament

Chancellor Angela Merkel rebuffed pressure for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone.

Monday, June 4th 2012 - 03:49 UTC

Merkel signals to the opposition she is ready to accept measures to boost growth

The German Chancellor praised higher wage deals in Germany  (Photo: EFE)

Chancellor Angela Merkel praised higher German wage deals and signalled flexibility on a financial transaction tax, in a sign she is open to new measures to boost growth in Europe.

Thursday, May 31st 2012 - 18:33 UTC

Indian school boy solves 350-year old mathematical problem set out by Newton

Shouryya Ray: “I just asked myself, 'Why not?'”

An Indian school boy from Calcutta and currently in Germany, Shouryya Ray, has shocked everyone by solving a 350-year-old mathematical problem which was set by one of the greatest scientists and mathematicians, Sir Isaac Newton.

Friday, May 25th 2012 - 20:44 UTC

Germany should exit the Euro and revalue its currency, suggests top economist

Guillermo Nielsen, a Greek exit would cripple banks and trade in Europe

Germany should exit the Euro and revalue its currency as “damage control” to avoid the effects of contagion stemming from a Greek exit, which would cripple banks and trade in Europe, according to former Argentine Finance Secretary Guillermo Nielsen.


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