Tag: Germany

Monday, July 23rd 2012 - 08:41 UTC

Euro-zone countdown for Greece: Germany and IMF will not yield on austerity measures

PM Antonis Samaras going through a “great depression” like the US in the thirties

German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild.

Monday, July 16th 2012 - 03:21 UTC

Merkel confident Bundestag will support aid package for Spanish banks

The issue will be debated next Thursday: “we always get the majority we need”

Chancellor Angela Merkel said she was confident that a majority of German lawmakers would back aid for Spain's ailing banking sector at a special sitting of the lower house Bundestag set for Thursday.

Wednesday, July 11th 2012 - 22:16 UTC

Germany expected to grow 1.9% in 2013 because of Euro crisis

DIW chief economist Ferdinand Fichtner (Photo: DPA)

Germany's DIW economic research institute slashed its 2013 forecast for Europe's largest economy by 0.5 percentage points to 1.9% on Wednesday, saying the Euro zone debt crisis would have a bigger impact than it had originally expected.

Wednesday, July 11th 2012 - 19:57 UTC

German proposal: richest citizens should pay more taxes or loan long term to governments

Stefan Bach, from the German Institute for Economic Research (DIW)

A leading German economic research institute has come up with one way to help countries involved in the euro crisis pay down their sovereign debt: get the wealthiest citizens to pay higher taxes, or force them to loan money to their governments.

Tuesday, July 3rd 2012 - 18:56 UTC

IMF praises Germany; suggests more stimuli to a tepid performing US economy

Managing Director Lagarde: remarkable performance of German economy

An IMF report revealed that the German economy’s performance has been remarkable despite facing considerable headwinds and that the US recovery “remains tepid and subject to elevated downside risks.”

Saturday, June 30th 2012 - 05:25 UTC

Relief in EU: German parliament approved Euro rescue fund and fiscal pact

A happy day for Chancellor Merkel…and for Spain and Italy

As expected, more than two-thirds of the lawmakers in Germany's parliament moved on Friday to approve the permanent Euro rescue fund, the European Stability Mechanism, and a fiscal pact long championed by Chancellor Angela Merkel.

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.


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