Tag: Germany

• 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.

• Thursday, September 29th 2011 - 17:16 UTC

  German parliament approves Euro bail out fund to cut Greek contagion

  

  A large majority in the German parliament has approved expanded powers for the EU main bailout fund. Chancellor Angela Merkel received stronger than expected support in the Bundestag despite some in her coalition vowing to oppose the bill.

• Thursday, September 29th 2011 - 06:31 UTC

  Divided German coalition votes to strengthen Euro support fund

  

  Commodity prices fell and stocks ended a three-day rally on Wednesday on anxiety over a looming German vote to strengthen the fund set up to help the Euro zone combat its debt crisis.

• Wednesday, September 28th 2011 - 01:17 UTC

  Germany promises help to rebuild confidence in debt-stricken Greece

  

  Germany will do all it can to rebuild confidence in debt-stricken Greece as it implements reforms to meet the conditions of its international bailout package, Chancellor Angela Merkel said on Tuesday.

• Thursday, September 22nd 2011 - 08:21 UTC

  Fifteen “Pirates” bring fresh air to Berlin and humiliate Merkel’s coalition

  

  Last Sunday outside of Germany and probably Eastern Europe the feat was ‘uneventful’, but the Pirate party ‘captured’ 15 seats in Berlin’s state assembly with 8.5% of the votes humiliating major parties such as the Free Democrats and landing Chancellor Angela Merkel yet another political setback.

• Tuesday, September 20th 2011 - 21:33 UTC

  (Paymaster) Germany needs Parliament approval on deciding Euro zone bailouts

  

  Leading lawmakers in German Chancellor Angela Merkel's coalition have agreed a draft law on an enhanced Euro zone bailout fund to give a greater say to parliament in line with a court ruling earlier this month.

• Tuesday, September 13th 2011 - 07:23 UTC

  Germany debates “taboos” and possible “orderly insolvency” for Euro zone crisis

  

  German Chancellor Angela Merkel said on Tuesday there were generally no taboos in politics but that the Euro zone crisis would not have a mechanism for ‘orderly insolvency’ of one of its members until its permanent rescue mechanism comes into power in 2013.

• Monday, September 12th 2011 - 02:01 UTC

  German ‘pragmatic’ top official for ECB board to help tackle Euro crisis

  

  Germany has proposed Deputy Finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank's executive board, Finance Minister Wolfgang Schaeuble said.

• Saturday, September 10th 2011 - 06:12 UTC

  US says Germany must give “unequivocal” financial support to weaker Euro states

  

  United States pressed Europe's strongest economies on Friday to give “unequivocal” financial support to weaker Euro zone states to overcome a debt crisis that threatens the world economy.

• Saturday, September 10th 2011 - 06:04 UTC

  Germany prepares to support banks exposed to a possible Greek default

  

  Germany’s Chancellor Angela Merkel government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.