Tag: Germany

• Friday, February 15th 2013 - 05:34 UTC

  Germany and France poor performance plunge Euro zone into recession

  

  The Euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the bloc's first full year in which no quarter produced growth, extending back to 1995.

• Saturday, December 15th 2012 - 06:15 UTC

  “Support linked to competitiveness” Merkel tells the EU members

  

  European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help Euro zone states in trouble.

• Friday, December 14th 2012 - 07:16 UTC

  EU reaches landmark deal to make the ECB the top banking supervisor

  

  The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the Euro zone's debt crisis.

• Thursday, October 18th 2012 - 16:07 UTC

  Paymaster Germany suggests EU Executive veto power over national budgets

  

  German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders.

• Tuesday, October 16th 2012 - 07:29 UTC

  Soros suggests that if Germany does not lead, it should leave the Euro

  

  The European Union could be destroyed by the “nightmare” Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.

• Wednesday, September 26th 2012 - 01:38 UTC

  Merkel says Germany is ‘not an island’; warns about Euro zone competitiveness

  

  Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalized world if its members pressed ahead with painful reforms and moved to more responsible budget policies.

• Monday, September 24th 2012 - 19:56 UTC

  German fears of recession as business climate index drops for fifth month running

  

  German business sentiment dropped for a fifth straight month in September to its lowest since early 2010, raising fears of recession and underlining that a bold bond-buying plan laid out by the European Central Bank is no economic blessing.

• Monday, September 24th 2012 - 02:33 UTC

  France/Germany celebrate 50th anniversary of post-WWII reconciliation speech

  

  French and German leaders have stressed they will remain committed in tackling European issues on the 50th anniversary of a post-WWII reconciliation speech. Chancellor Angela Merkel and President Francois Hollande made the pledge in the German city of Ludwigsburg.

• Thursday, September 20th 2012 - 23:34 UTC

  Merkel honours her mentor and Euro architect, Kohl to help discipline the party

  

  Angela Merkel is seeking help from her estranged, former mentor Helmut Kohl, architect of the Euro, to restore voter faith in the European project before next year's election.

• Wednesday, September 12th 2012 - 01:41 UTC

  Euro-Rescue-Day: German constitutional court rules on support for the EU currency

  

  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.