Tag: Germany

Tuesday, August 28th 2012 - 04:13 UTC

Despite Fukushima accident, 30 countries considering nuclear energy says IAEA

Sixty-two reactors are under construction, in addition to the 435 units now in operation

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.

Thursday, August 23rd 2012 - 05:59 UTC

Investors wanting safe parking for their money buy 0% German bonds

However German yields were above zero for the first time in five weeks

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.

Saturday, August 18th 2012 - 05:45 UTC

Euro zone June trade surplus was the highest since 1999

Switch to surplus was helped by sales to Asia and emerging markets

The Euro zone trade surplus hit 14.9bn Euros in June up from 200m Euros a year ago. The surplus was the highest since the European Union's statistics agency began collecting data in 1999.

Thursday, July 26th 2012 - 18:38 UTC

Sea Shepherd leader Watson skips bail fearing extradition to Japan

Watson has repeatedly clashed with Japanese whalers

Sea Shepherd leader Paul Watson has skipped bail and fled from Germany, with his supporters claiming they fear he would have been extradited to Japan over Antarctic whaling protests.

Thursday, July 26th 2012 - 09:07 UTC

Immigration compensated for fewer babies, helped Germany increase population

Babies born in 2011 sank to a record low

The number of babies born in Germany sank to a record low in 2011, official statistics showed Monday, but a surge in immigration to Europe's top economy led its population to grow.

Wednesday, July 25th 2012 - 07:04 UTC

Germany and France express support for Spain but markets demand more than words

De Guindos from Berlin flies to Paris to meet Moscovici (Photo: Europa Press)

German Finance Minister Wolfgang Schaeuble and his counterpart from Madrid said Spain’s borrowing costs don’t reflect the strength of its economy as they pledged to work toward deeper integration to fight the debt crisis.

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.


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