Tag: Germany

• Monday, July 16th 2012 - 03:21 UTC

  Merkel confident Bundestag will support aid package for Spanish banks

  

  Chancellor Angela Merkel said she was confident that a majority of German lawmakers would back aid for Spain's ailing banking sector at a special sitting of the lower house Bundestag set for Thursday.

• Wednesday, July 11th 2012 - 22:16 UTC

  Germany expected to grow 1.9% in 2013 because of Euro crisis

  

  Germany's DIW economic research institute slashed its 2013 forecast for Europe's largest economy by 0.5 percentage points to 1.9% on Wednesday, saying the Euro zone debt crisis would have a bigger impact than it had originally expected.

• Wednesday, July 11th 2012 - 19:57 UTC

  German proposal: richest citizens should pay more taxes or loan long term to governments

  

  A leading German economic research institute has come up with one way to help countries involved in the euro crisis pay down their sovereign debt: get the wealthiest citizens to pay higher taxes, or force them to loan money to their governments.

• Tuesday, July 3rd 2012 - 18:56 UTC

  IMF praises Germany; suggests more stimuli to a tepid performing US economy

  

  An IMF report revealed that the German economy’s performance has been remarkable despite facing considerable headwinds and that the US recovery “remains tepid and subject to elevated downside risks.”

• Saturday, June 30th 2012 - 05:25 UTC

  Relief in EU: German parliament approved Euro rescue fund and fiscal pact

  

  As expected, more than two-thirds of the lawmakers in Germany's parliament moved on Friday to approve the permanent Euro rescue fund, the European Stability Mechanism, and a fiscal pact long championed by Chancellor Angela Merkel.

• Thursday, June 28th 2012 - 07:43 UTC

  German cabinet approves plan to balance federal budget three years earlier

  

  As was anticipated and ahead of a crucial European Union leaders summit Chancellor Angela Merkel’s Cabinet approved on Wednesday a spending plan that balances Germany’s federal budget three years earlier than required by its own rules.

• Monday, June 25th 2012 - 19:53 UTC

  Germany’s leading minister claims “Greece has forfeited Europe’s trust”

  

  Greece's new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said.

• Sunday, June 24th 2012 - 02:43 UTC

  Germany’s Bild newspaper becomes 60 and celebrates with 41m circulation

  

  Germany's best-selling newspaper was given away free to almost all of the country's 41 million households on Saturday in a controversial celebration of the daily's 60th anniversary that set a world record for largest circulation.

• Friday, June 22nd 2012 - 07:39 UTC

  Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

  

  The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty.

• Monday, June 18th 2012 - 03:24 UTC

  Brussels willing to soften austerity measures for the Greek pro-bail out government

  

  European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy