Tag: Germany

Friday, February 15th 2013 - 05:34 UTC

Germany and France poor performance plunge Euro zone into recession

Bad news for Chancellor Angela Merkel who faces a federal election next September

The Euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the bloc's first full year in which no quarter produced growth, extending back to 1995.

Saturday, December 15th 2012 - 06:15 UTC

“Support linked to competitiveness” Merkel tells the EU members

The Germany chancellor once again draws the line (Photo: Reuters)

European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help Euro zone states in trouble.

Friday, December 14th 2012 - 07:16 UTC

EU reaches landmark deal to make the ECB the top banking supervisor

“We succeeded in securing Germany's key demands” said Chancellor Merkel

The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the Euro zone's debt crisis.

Thursday, October 18th 2012 - 16:07 UTC

Paymaster Germany suggests EU Executive veto power over national budgets

Merkel sets out Germany’s conditions: no more cosmetic accounting  (Photo. AFP)

German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders.

Tuesday, October 16th 2012 - 07:29 UTC

Soros suggests that if Germany does not lead, it should leave the Euro

Germany needs to step up to save the Euro and the Euro bond plan, insists Soros

The European Union could be destroyed by the “nightmare” Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.

Wednesday, September 26th 2012 - 01:38 UTC

Merkel says Germany is ‘not an island’; warns about Euro zone competitiveness

The chancellor said 40% of German exports go to Euro zone and 60% to the EU

Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalized world if its members pressed ahead with painful reforms and moved to more responsible budget policies.

Monday, September 24th 2012 - 19:56 UTC

German fears of recession as business climate index drops for fifth month running

Domestic economic situation is so far robust, 2but signs of weaker dynamics are noticeable” said the influential Bundesbank

German business sentiment dropped for a fifth straight month in September to its lowest since early 2010, raising fears of recession and underlining that a bold bond-buying plan laid out by the European Central Bank is no economic blessing.

Monday, September 24th 2012 - 02:33 UTC

France/Germany celebrate 50th anniversary of post-WWII reconciliation speech

Charles De Gaulle: “children of a great nation which had made great errors”.

French and German leaders have stressed they will remain committed in tackling European issues on the 50th anniversary of a post-WWII reconciliation speech. Chancellor Angela Merkel and President Francois Hollande made the pledge in the German city of Ludwigsburg.

Thursday, September 20th 2012 - 23:34 UTC

Merkel honours her mentor and Euro architect, Kohl to help discipline the party

Angela Merkel is seeking help from her estranged, former mentor Helmut Kohl, architect of the Euro, to restore voter faith in the European project before next year's election.

Wednesday, September 12th 2012 - 01:41 UTC

Euro-Rescue-Day: German constitutional court rules on support for the EU currency

The wise members from Karlsruhe working on a crucial decision for global financial markets

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.


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