BERLIN (Reuters) – Germany’s Angela Merkel said on Friday that she had told Russian President Vladimir Putin by telephone that Moscow had not done enough to urge separatists in Ukraine to disarm, and that further sanctions against Russia must be contemplated.
The European Union and Group of Seven (G7) nations would consider sanctions “within the framework of the second stage of sanctions” she said at a news conference in Berlin with Poland’s Prime Minister Donald Tusk, referring to a three-stage scheme.
BERLIN, April 24 (Reuters) – Germany has suspended 5 million
euros ($7 million) worth of defence equipment exports to Russia
in light of Moscow’s actions in Ukraine, and will halt the
transfer of already licensed goods in “critical cases”,
according to Germany’s Economy Ministry.
The ministry made the disclosure in response to questions
from the opposition Greens party, which the Greens made
available on Thursday.
ISTANBUL, April 4 (Reuters) – Turkey’s lira rose on Friday
as U.S. jobs data boosted demand for emerging market assets,
helping the lira regain ground lost earlier when Prime Minister
Tayyip Erdogan called for the central bank to cut interest
By 1250 GMT the lira traded at 2.1080 to the
dollar, close to its strongest level this year and rebounding
from 2.1433 after Erdogan’s remarks a day after the central bank
governor said fighting inflation was a priority and current
interest rates would help achieve that.
ISTANBUL, April 4 (Reuters) – Turkey’s lira weakened on
Friday after Prime Minister Tayyip Erdogan said the central bank
should cut interest rates, a day after the bank’s governor had
said fighting inflation remained a priority and rates at
existing levels would do the job.
Investors have long feared the government exerting pressure
on the central bank to keep rates artificially low as it moves
into an election cycle, and have warned how detrimental this
would be to Turkey’s struggle against inflation and external
KONYA, Turkey (Reuters) – If Prime Minister Tayyip Erdogan is fighting the toughest battle of his political career as corruption allegations swirl and elections approach, Turkey’s conservative Anatolian heartlands appear to have his back.
Here, far from dividing his pious core supporters, the graft scandal and bitter power struggle with a U.S.-based cleric have served only to stir more devotion to a man they see as Turkey’s greatest modern leader, delivering hospitals and schools and breaking the grip of secular elites over the past decade.
ISTANBUL, March 26 (Reuters) – Turkish stocks firmed on
Wednesday after the government cleared the way for the central
bank to pay interest on banks’ lira required reserve deposits.
The central bank has said it may take such a step in a
limited capacity and if needed, to boost liquidity in the
financial system and help counter any economic slowdown.
BERLIN, March 17 (Reuters) – Italian Prime Minister Matteo
Renzi on Monday assured German Chancellor Angela Merkel, a
long-standing champion of European Union budget rigour, that he
aimed to accelerate growth while respecting deficit spending
Renzi last week announced a sweeping package of tax cuts,
including 10 billion euros ($13.9 billion) in income-tax
reductions, to help spur consumer demand, saying spending cuts
and extra borrowing would fund the measures.
BRUSSELS/BERLIN (Reuters) – The European Union has drawn up a list of 120-130 Russians who could be hit with travel bans and asset freezes for their actions over Crimea, European diplomats said on Friday, but the final register of names will only be decided on Sunday.
The five-page list, including senior figures in Russia’s military and political establishment, was drawn up with the assistance of EU diplomats with experience in Moscow, officials told Reuters. It is now being reviewed in Brussels.
BERLIN (Reuters) – Germany’s Catholic bishops elected Munich Cardinal Reinhard Marx their new leader on Wednesday, picking a close associate of Pope Francis already working on Vatican reform to also guide them at home.
Marx’s election in Germany, one of the richest and most influential national churches in the 1.2-billion-strong Roman Catholic world, enhanced his status among the men the pope has called on to help him revitalize the Catholic Church.
MOSCOW (Reuters) – While others in Europe debate how best to contain Vladimir Putin, Germany’s foreign minister is on a mission to revive damaged ties with Moscow with a combination of public flattery and behind-the-scenes diplomacy.
Frank-Walter Steinmeier’s Social Democrats (SPD), junior partner in Chancellor Angela Merkel’s new coalition, enjoy better chemistry with Russia’s leaders than her previous center-right government and he hopes this can open channels on Syria and Ukraine and help Brussels and Moscow to see eye-to-eye.