Tag: Germany

Germany
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.

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.

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