Germany's Constitutional Court rejected on Tuesday an attempt to further delay a ruling on the European Stability Mechanism (ESM) and fiscal compact, which had previously been pushed back by months while the judges reviewed whether the German parliament is permitted under the constitution to ratify the treaties.
International financier George Soros has called for Germany to lead or leave the euro days before a crucial ruling on the Euro zone's bailout fund by Germany's constitutional court. Mr Soros argued that the euro zone should target 5% economic growth.
Only about a quarter of ordinary Germans are in favor of debt-stricken Greece remaining in the Euro area, a poll published by the Financial Times on Monday indicated. It revealed strong reluctance to grant Greece yet another bailout installment.
Spain will consider seeking extra aid from Europe on top of a 100 billion Euro rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers.
“We’re a free country with dignity and national pride; we are nobody’s employee or subordinate” challenged Argentine president Cristina Fernandez after it was revealed that the US, Spain and Germany at the Inter American Development bank (IDB) had voted against granting the country a loan.
China has signed a deal to buy 50 planes worth 3.5bn dollars from Europe's Airbus. The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China.
The German government approved this week a controversial bill that would require Internet search engine companies such as Google to pay fees to the German media for displaying news headlines on their websites.
German leader Angela Merkel is due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.
Almost 30 countries are considering or planning to introduce nuclear energy as interest remains strong despite last year's Fukushima accident, the United Nations' atomic agency said.
Germany got bids for 6.24 billion Euros of two-year notes at an auction Wednesday exceeding its 5 billion-Euro maximum sales target, according to a statement from the Bundesbank.