Tag: Angela Merkel

• Saturday, October 22nd 2011 - 11:14 UTC

  Germany sets aside 130bn dollars for renewable energy to replace 28% nuke power

  

  German Chancellor Angela Merkel announced on 30 May that Germany, the world's fourth-largest economy and Europe's biggest, would shutter all of its 17 nuclear power plants between 2015 and 2022, an extraordinary commitment, given that they currently produce about 28% of the country's electricity.

• Thursday, October 20th 2011 - 21:09 UTC

  European leaders call on Libyans to build a strong and democratic future

  

  French President Nicolas Sarkozy said on Thursday that the death of Muammar Gaddafi turned a page for the Libyan people and signalled the start of a democratic process.

• Wednesday, October 19th 2011 - 23:12 UTC

  Plan to tackle Euro debt crisis stalled; Sarkozy flies to Berlin to meet Merkel

  

  Plans to tackle the Euro zone debt crisis have stalled with Paris and Berlin at odds over how to increase the firepower of the region's bailout fund, French President Nicolas Sarkozy said on Wednesday afternoon.

• Wednesday, October 19th 2011 - 07:27 UTC

  Germany committed to an EU/Mercosur trade agreement said Merkel

  

  The European Union will seek to further discussions over a trade deal with Mercosur at the upcoming G20 summit in Cannes in November announced on Tuesday German Chancellor Angela Merkel alongside visiting Uruguayan president Jose Mujica.

• Wednesday, October 19th 2011 - 06:58 UTC

  The Guardian reports Germany and France agreed on 2 trillion Euros rescued fund

  

  The Guardian newspaper reported on Tuesday that France and Germany had agreed to boost a euro zone financial rescue fund to two trillion Euros pushing US stocks and the Euro higher despite doubts about whether there was such an agreement.

• Tuesday, October 18th 2011 - 09:04 UTC

  Mujica tries “to sell” Uruguay in Hamburg; Tuesday with Chancellor Merkel

  

  Uruguayan president Jose Mujica tried to seduce German investors and business people during his first day visit to Germany which has been marked by the impact of the European crisis. On Tuesday he is scheduled to meet Chancellor Angela Merkel and President Christian Wulff.

• Saturday, October 15th 2011 - 04:23 UTC

  Merkel hits back at critics, insists on regulation of financial markets

  

  German Chancellor Angela Merkel hit back at critics of her Euro zone policy saying it was unacceptable for them to demand bolder action to combat the debt crisis while at the same time resisting steps to rein in financial markets.

• Monday, October 10th 2011 - 22:40 UTC

  Markets react positively to Merkel/Sarkozy promise of Euro zone plan

  

  Stocks rose sharply in Europe and in the US on Monday as investor sentiment were buoyed by a renewed pledge by France and Germany to come up with a plan to tackle the Euro zone debt crisis by month's end. International pressure has been building for bold steps from Europe to avert a global economic backlash.

• Monday, October 10th 2011 - 05:35 UTC

  Sarkozy/Merkel promise package to solve Euro crisis…for the end of October

  

  The leaders of Germany and France promised to unveil a new comprehensive package for solving the Euro zone's debt crisis by the end of the month, but offered no details and papered over differences on how to shore up European banks.

• Sunday, October 9th 2011 - 09:50 UTC

  With time running out Berlin/Paris summit to agree on Euro banks’ recapitalization

  

  European banks may need more than 100 billion Euros to withstand the sovereign debt crisis, Ireland estimated, ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how to recapitalise the lenders.