Socialist candidate Francois Hollande has claimed his campaign for the French presidency has forced German chancellor Angela Merkel to shift her thinking and accept the need for new measures to boost economic growth.
German Chancellor Angela Merkel replied on Monday to Brazilian president Dilma Rousseff claims that Europe is involved in a “monetary tsunami” arguing that developed countries are very concerned with Brazil’s protectionist measures.Merkel and Rousseff met at Hannover where the Brazilian president was invited to open a high technology event.
German Chancellor Angela Merkel has agreed with other conservative European leaders to help President Nicolas Sarkozy in the French election campaign by spurning his Socialist challenger François Hollande, according to the German media Spiegel.
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.
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.
The head of China’s 410 billion dollars sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were difficult for long-term investors.
European leaders agreed on a permanent rescue fund for the Euro zone on Monday and 25 out of 27 EU states backed a German-inspired pact for stricter budget discipline, but they struggled to reconcile fiscal austerity with economic growth.
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.
IMF chief Christine Lagarde urged on Monday European governments to increase their financial firewall to prevent Greece’s troubles from ensnaring bigger countries like Italy and Spain.
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.