Tag: Germany

Tuesday, January 31st 2012 - 04:59 UTC

ILO blames Germany’s low-wages policy as contributing to the Euro debt crisis

Former Social Democrat Chancellor Gerhard Schröder implemented the policy

Germany's persistent policies to push down wages have harmed fellow Euro zone member countries and contributed to the bloc's current debt crisis, the International Labor Organization (ILO) said in Geneva.

Thursday, January 26th 2012 - 19:12 UTC

Soros says German-driven austerity plans could splinter the European Union

The Hungarian born billionaire said stimulus is also needed to avoid the deflationary spiral

Billionaire investor George Soros said that German-driven austerity plans in Europe risk creating tensions that could splinter the region as it struggles with a debt crisis entering its third year.

Wednesday, January 25th 2012 - 21:07 UTC

Merkel asks business leaders to give policy makers “needed space” to tackle Euro crisis

The German Chancellor addressing the World Forum at Davos

German Chancellor Angela Merkel appealed to business leaders at the World Economic Forum to give policy makers the space they need to tackle the debt crisis, pledging that Europe will pull together and restore confidence.

Sunday, January 15th 2012 - 01:10 UTC

Merkel insists EU must seal a pact to tighten fiscal rules

The German Chancellor addressing a political rally

Ratings downgrades in the Euro zone by S&P underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.

Wednesday, January 4th 2012 - 05:23 UTC

German miracle, unemployment falls to its lowest since December 1991

High quality products Made in Germany dazzle emerging countries

German unemployment fell to its lowest rate in December since 1991, according to the German Federal Labour Agency.

Monday, January 2nd 2012 - 21:48 UTC

Merkel and Sarkozy prepare for yet another round of Euro-rescue talks

The leaders of EU two strongest economies meet next week

German Chancellor Angela Merkel and French President Nicholas Sarkozy have said they will meet next week to discuss the Euro zone debt crisis. Their first meeting of 2012 comes after all EU countries except the UK agreed to work together on a new treaty to stabilise the Euro zone.

Monday, January 2nd 2012 - 00:56 UTC

Merkel calls for closer EU cooperation to rescue the Euro

The path to overcome the crisis remains long, said the German Chancellor

Europe must cooperate more closely if it wants the Euro to succeed as its shared currency, and it still has a long way to go to overcome its sovereign debt crisis, German Chancellor Angela Merkel said in her New Year's Eve address.

Monday, December 12th 2011 - 04:56 UTC

German Finance minister confident EU agreement will solve Euro debt crisis

Wolfgang Schaeuble bets on institutional reform

German Finance Minister Wolfgang Schaeuble said agreements reached at an EU summit this week will solve the Euro zone's debt crisis and that Germany needs a strong Europe.

Thursday, December 8th 2011 - 06:24 UTC

Mujica: like street kids, beg money in every crossing and corner for the sake of science

“Yes, I went to ask for money from Merkel”, said the Uruguayan president

“Uruguay must act like the kids begging in the corners and traffic light crossings, asking for a dime from whoever” said President Jose Pepe Mujica on recalling the importance of funds from what ever origin to sponsor and promote scientific research.

Wednesday, December 7th 2011 - 01:54 UTC

S&P downgrade warning, “the best news” to find an EU solution, says Schaeuble

The truth is markets don’t trust the Euro, said Germany’s Finance minister

German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.


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