Tag: Germany

Tuesday, February 21st 2012 - 04:14 UTC

Protestant parson and human rights activist next German president

Joachim Gauck was the original candidate from the opposition Social Democrats

German Chancellor Angela Merkel bowed to pressure on Sunday and agreed to back popular opposition candidate Joachim Gauck to become president, averting a political fight that might have distracted her government from solving the euro zone crisis.

Friday, February 17th 2012 - 18:36 UTC

German president resigns under pressure from strong corruption claims

Christian Wulff, was a close political associate of Chancellor Merkel who proposed him as president in 2010 (Photo AP)

Germany's president resigned Friday in a scandal over favors he allegedly received before becoming head of state, and Chancellor Angela Merkel moved quickly to try and head off a domestic political crisis as she grapples with Europe's debt troubles.

Wednesday, February 15th 2012 - 05:50 UTC

Brazil and Germany committed to achieve the EU/Mercosur trade agreement

 Patriota and Westerwelle at Ytamaraty Palace in Brasilia

Brazilian Foreign Minister Antonio Patriota and his visiting German counterpart Guido Westerwelle on Monday called for signing a free trade agreement between the European Union and the South American trade bloc Mercosur.

Monday, February 13th 2012 - 07:11 UTC

The Euro edges up as Greece votes austerity plan: Germany not convinced

Ugly rioting with tens of injured in Athens as police clash with protestors

The Euro edged up on Monday after Greece's parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players worried about more hurdles before lenders seal a bailout deal.

Monday, February 6th 2012 - 06:46 UTC

A majority of Germans feel Euro block would be better off without Greece

Technocrat Prime Minister Lucas Papademos must convince party leaders

The majority of Germans feel the Euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed.

Tuesday, January 31st 2012 - 04:59 UTC

ILO blames Germany’s low-wages policy as contributing to the Euro debt crisis

Former Social Democrat Chancellor Gerhard Schröder implemented the policy

Germany's persistent policies to push down wages have harmed fellow Euro zone member countries and contributed to the bloc's current debt crisis, the International Labor Organization (ILO) said in Geneva.

Thursday, January 26th 2012 - 19:12 UTC

Soros says German-driven austerity plans could splinter the European Union

The Hungarian born billionaire said stimulus is also needed to avoid the deflationary spiral

Billionaire investor George Soros said that German-driven austerity plans in Europe risk creating tensions that could splinter the region as it struggles with a debt crisis entering its third year.

Wednesday, January 25th 2012 - 21:07 UTC

Merkel asks business leaders to give policy makers “needed space” to tackle Euro crisis

The German Chancellor addressing the World Forum at Davos

German Chancellor Angela Merkel appealed to business leaders at the World Economic Forum to give policy makers the space they need to tackle the debt crisis, pledging that Europe will pull together and restore confidence.

Sunday, January 15th 2012 - 01:10 UTC

Merkel insists EU must seal a pact to tighten fiscal rules

The German Chancellor addressing a political rally

Ratings downgrades in the Euro zone by S&P underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.

Wednesday, January 4th 2012 - 05:23 UTC

German miracle, unemployment falls to its lowest since December 1991

High quality products Made in Germany dazzle emerging countries

German unemployment fell to its lowest rate in December since 1991, according to the German Federal Labour Agency.


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