Southern Europeans are facing four more years of ‘mutti’ (Mom) Angela Merkel — whether they like it or not. Majorities of 82% in Spain, 65% in Portugal and 58% in Italy repudiate the German leader’s handling of the Euro area’s debt crisis, blaming her for drastic cuts in social services, recession and record unemployment, according to a German Marshall Fund poll released last week.
Just a few seats short of a majority, German Chancellor Angela Merkel has said she's ready to begin coalition talks with the center-left SPD, but with animosity on both sides, it's not quite clear who will be courting whom, according to German analysts.
German voters will go to the polls this Sunday in a national election whose outcome could change the future of Germany and the Euro zone. According to the latest polls, Merkel's conservative lead has narrowed ahead of the vote on Sunday. Merkel and her conservative CDU/CSU coalition would receive 38% of the vote, an INSA poll showed on Thursday.
A leading member of Chancellor Angela Merkel’s Christian Democratic Union rejected coalition talks after Sunday’s elections with the Alternative for Germany party because of its anti-euro stance.
Official figures show Germany's budget surplus rose to 0.6% of GDP in the first half of the year, boosted by higher tax income. The government pulled in 321.4bn Euros in taxes, 3.8% more than a year ago thanks to its steady employment rate. The German Federal Statistical Office, Destatis, said the surplus was 8.5bn Euros in the period between January and June.
European stock markets mostly rose on Wednesday after official data showed that the Euro zone had finally escaped from a record 18-month recession. The Euro-zone climbed out of recession with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, announced the European Union.
The military dictatorship that ruled Brazil from 1964 to 1985 was planning to develop an atomic bomb according to secret documents from the Armed Forces Chief of Staff to which the influential newspaper O Estado de Sao Paulo had access and released details.
Code name Bad Aibling. The US spy agency according to US whistle blower Snowden, worked hand in hand with Germans spy agency BND (BundesNachrichtenDiens) This is the result of an investigation by one of Germany's oldest and most established magazine Der Spiegel
German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.
The weak state of the French economy and uncertain outlook for budget targets was in focus on Wednesday after official data confirmed that the country is in recession. Weak growth and public finances in France are of acute concern to the European Commission and to Germany which is the main powerhouse in the Euro zone.
The figures are also watched closely on nervous financial markets.