Tag: Germany

Wednesday, August 14th 2013 - 20:16 UTC
EU climbs out of 18-month recession led by Germany and France, but still fragile

European stock markets mostly rose on Wednesday after official data showed that the Euro zone had finally escaped from a record 18-month recession. The Euro-zone climbed out of recession with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, announced the European Union.
Tuesday, August 13th 2013 - 02:02 UTC
Brazil military regime wanted the ‘bomb’ fearing an armed conflict with Argentina

The military dictatorship that ruled Brazil from 1964 to 1985 was planning to develop an atomic bomb according to secret documents from the Armed Forces Chief of Staff to which the influential newspaper O Estado de Sao Paulo had access and released details.
Friday, August 9th 2013 - 04:06 UTC
Der Spiegel exposes US and German spy agencies work hand in hand

Code name Bad Aibling. The US spy agency according to US whistle blower Snowden, worked hand in hand with Germans spy agency BND (BundesNachrichtenDiens) This is the result of an investigation by one of Germany's oldest and most established magazine “Der Spiegel”
Friday, July 12th 2013 - 22:05 UTC
German courts reject petition from hedge fund holders of Argentine debt

German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.
Thursday, June 27th 2013 - 04:56 UTC
France confirms recession and budget deficit above EU 3% ceiling

The weak state of the French economy and uncertain outlook for budget targets was in focus on Wednesday after official data confirmed that the country is in recession. Weak growth and public finances in France are of acute concern to the European Commission and to Germany which is the main powerhouse in the Euro zone.
The figures are also watched closely on nervous financial markets.
Monday, May 20th 2013 - 07:09 UTC
Pope Francis and Merkel talk economics: ‘rules of the social market have not been observed”

German Chancellor Angela Merkel met Pope Francis and, apparently responding to his criticism of a heartless “dictatorship of the economy” and the “cult of money”, called for stronger regulation of financial markets.
Monday, May 13th 2013 - 04:08 UTC
German president in Brazil to promote trade and investments

German President Joachim Gauck arrived on Sunday to Brazil with economic and trade issues as the centre of his visit. The trip to Sao Paulo marks the start of the Year of Germany in Brazil, which Gauck's predecessor Christian Wulff agreed on with Brazilian President Dilma Rousseff in May 2011.
Monday, April 1st 2013 - 10:03 UTC
Sao Paulo will host 1.500 political and business leaders from Germany and Brazil

Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said.
Monday, April 1st 2013 - 09:32 UTC
Opposition admits it will be hard to beat Chancellor Merkel in September

Germany's two main opposition parties traded warnings against joining forces with Chancellor Angela Merkel's conservatives after September's election if they fail to win their own left-of-centre majority.
Wednesday, February 27th 2013 - 21:00 UTC
A turning event 60 years ago: ‘German economic miracle’ or debt condolence

Highly indebted, without access to capital, viewed suspiciously by creditors, that was Germany in 1953. Half the country's debts were canceled 60 years ago this week, the foundation of the “economic miracle.”