MUNICH (Reuters) – The U.S. military, which is cutting its presence in Europe, plans to expand its training of European partners to cope with new threats posed by interlinked criminal and militant networks smuggling weapons and drugs, said the U.S. commander in Europe.
The United States is withdrawing two Army combat brigades from Germany, reducing the size of its force by around 7,000 soldiers. The cuts, announced by the Pentagon last month, are part of a new U.S. strategy aiming to create a leaner military costing it $487 billion less over the next decade.
MUNICH, Germany (Reuters) – U.S. Senator John McCain warned China’s Vice Foreign Minister Zhang Zhijun on Saturday that “the Arab Spring is coming to China” and highlighted the number of Tibetans burning themselves to death in his country.
Zhang, speaking with McCain on a panel at the high-level Munich security conference, dismissed his comments about a looming Chinese Arab Spring as “no more than fantasy” and condemned foreign interference in Chinese internal affairs.
GRAFENWOEHR, Germany (Reuters) – Walter Brunner, a lively 82-year old whose blue baseball cap matches the color of his eyes, leans across a red leather booth at the American-style diner in this southern German town and tries to make light of the looming pullout of U.S. troops.
“We Germans fought for the Russians to go, now we are fighting for the Americans to stay,” jokes Brunner, chairman of the German-American contact club in Grafenwoehr, whose lifeblood is its U.S. military base.
BERLIN, Jan 20 (Reuters) – Germany favours an EU-wide
tax on financial transactions but would consider a narrower
bourse levy as a compromise if it secured the support of
Britain, the government’s spokesman said on Friday.
German Economy Minister Philipp Roesler had earlier raised
the possibility of a bourse tax or stamp duty as an alternative
to a proposed financial transaction tax, which Britain opposes
for fear it could make London less attractive for business
against other global financial centres.
BERLIN, Jan 16 (Reuters) – Manfred Lehmann avoids
Berlin landmarks such as the Brandenburg Gate where hawkers
selling old East German medals or students posing in guard
uniforms for tourists are a painful spectacle to the
71-year-old, imprisoned for opposing the Socialist state.
“For us victims it is a tasteless circus. The way the old
symbols and flags are bandied around. It shows a lack of respect
for those who suffered. East Germany was a dictatorship,” said
the former mechanic.
BERLIN (Reuters) – German Chancellor Angela Merkel praised Italy’s new government on Wednesday for the speed with which it has launched reforms, prompting Prime Minister Mario Monti to say it was important for markets also to recognize Italian economic policy progress soon.
Merkel said at a joint news conference with Monti in Berlin that his technocrat government had been quick to launch urgent budgetary measures and now structural reforms aimed at making the Italian economy more competitive in order to boost growth.
BERLIN (Reuters) – Policymakers marked the 10th anniversary on Sunday of the introduction of euro notes and coins by urging governments in the currency bloc to save and consolidate to overcome their debt crisis.
While German Finance Minister Wolfgang Schaeuble called the euro “a clear success story” and pledged the currency would remain stable, he also urged vulnerable debtor states to follow a tough savings course in 2012, boost their competitiveness and work to win back market confidence.
BERLIN (Reuters) – German business sentiment rose sharply in December, defying expectations for a decline and underscoring the resilience of Europe’s dominant economy in the face of a sovereign debt crisis that has hammered euro zone growth.
The Munich-based Ifo think tank said Tuesday that its business climate index, based on a monthly survey of some 7,000 companies, rose to 107.2 in December from 106.6 in November, posting its biggest monthly rise since February.
BERLIN/BRUSSELS, Dec 15 (Reuters) – Europe’s top
central banker said on Thursday that euro zone governments are
on the right track to restore market confidence but reminded
them that an emergency programme to buy their bonds was “neither
eternal nor infinite”.
Mario Draghi’s comments came after a smooth Spanish bond
auction eased fears of an accelerating slide in European markets
following a summit last week that failed to reassure investors
the single currency area is closer to resolving its debt crisis.
BERLIN (Reuters) – European Central Bank President Mario Draghi urged banking authorities on Thursday to ensure that tougher capital rules do not lead to a credit crunch, acknowledging for the first time that tighter regulation could hurt fragile economic growth.
The European Banking Authority has said commercial banks should have core Tier 1 capital of at least 9 percent of risk-weighted assets — higher than the 7 percent minimum world leaders have agreed to phase in from 2013.