Tag: Germany

Germany
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.

Monday, September 10th 2012 - 01:35 UTC

Soros calls on Germany “to lead or leave the Euro”; suggests Euro zone target of 5% growth

Financier Soros: “Either alternative would be better than to persist on the current course.”

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.

Tuesday, September 4th 2012 - 00:31 UTC

Poll shows Germans want Greece out of the Euro; doubts about reforms’ implementation

The Greek Parliament faces the tough challenge of approving drastic reforms

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.

Monday, September 3rd 2012 - 06:20 UTC

Spanish PM Rajoy challenges the European central bank and Germany

“Only if it is good for Europe, the Euro and Spain, and if not, not”, said Rajoy

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.

Friday, August 31st 2012 - 05:08 UTC

Argentina surprised by Germany, which voted against granting a loan at the IDB

“Not a step back”, promised Cristina Fernandez, but…

“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.

Friday, August 31st 2012 - 01:20 UTC

China pledges support for Euro-zone; orders 50 planes from Europe Airbus

Chancellor Merkel and Premier Wen Jiobao in Beijing

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.

Friday, August 31st 2012 - 01:01 UTC

Germany wants Google to pay fees to the media for displaying news headlines

“Publishers should be better protected on the Internet” stated Justice Minister Sabine Leutheusser-Schnarrenberger

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.

Thursday, August 30th 2012 - 04:36 UTC

China and Germany, world’s exporting giants meet in Beijing to discuss Euro-crisis

This is Merkel’s second top level visit to China

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.

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.

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