Caroline's Feed
Jun 28, 2015

‘Nein Danke’ – smaller German firms see U.S. trade deal as threat

BERLIN, June 28 (Reuters) – Martina Roemmelt-Fella, who owns
a small, family-run turbine manufacturer in Bavaria, should be a
cheerleader for a trade deal between Europe and the United
States that promises to ease the flow of goods and services
across the Atlantic.

But instead she fears the Trans Atlantic Trade and
Investment Partnership (TTIP) being hammered out between
Brussels and Washington will give too much power to big
multinationals at the expense of small companies like hers.

Jun 24, 2015

Germany to decide between coal levy and alternative on July 1

BERLIN, June 24 (Reuters) – German Economy Minister Sigmar
Gabriel said on Wednesday he was considering an alternative to a
proposed levy on coal-fired power plants and would decide on
July 1.

Germany is wrestling with how to reduce carbon dioxide
(CO2)emissions from the energy sector to stop it from falling
short of its ambitious climate targets, while safeguarding jobs
and securing its energy supply.

Jun 21, 2015

Merkel’s Bavarian allies urge tough line with Greece

BERLIN, June 21 (Reuters) – German Chancellor Angela
Merkel’s Bavarian allies warned against giving in to Greece in
order to keep it in the euro zone, with senior Christian Social
Union lawmaker Hans Michelbach saying he saw no realistic chance
of an agreement at an emergency summit on Monday.

The remarks were the latest signs of hardening positions
among Merkel’s ruling conservatives towards Greece, as
politicians run out of patience after months of fruitless
wrangling over what reforms Athens is willing to deliver.

Jun 20, 2015

Amid energy uncertainty, German state urges southern firms to move

BERLIN (Reuters) – The north-west German state of Lower Saxony risked stoking tensions with Bavaria over energy policy on Saturday by urging companies from the southern region to move north to secure stable power supplies.

Bavaria has sparked frustration in Lower Saxony by opposing power lines planned to carry electricity from the breezy north to the industrial heartland in the south.

Jun 12, 2015

Germany’s Merkel backs loose ECB policy that has weakened euro

BERLIN (Reuters) – German Chancellor Angela Merkel threw her support behind the European Central Bank’s loose monetary policy on Friday, suggesting it had supported reform efforts in countries such as Spain and Portugal by preventing the euro from rising too much.

Such comments are extremely rare from a German politician, let alone Merkel, who in the past has stressed the independence of the ECB when ministers from other euro zone governments have leant on the central bank to do more to support growth.

Jun 11, 2015

Deutsche Boerse launches platform for start-ups to woo investors

BERLIN, June 11 (Reuters) – Stock exchange operator Deutsche
Boerse has launched an online platform to connect
growing start-ups with international investors, as Germany seeks
to plug a shortage of late-stage funding that is stunting
innovation.

Concerned that German industry risks falling behind in a
digital age, Chancellor Angela Merkel’s governing coalition is
keen to promote start-ups and smooth the path for initial public
offerings (IPOs).

Jun 8, 2015

Greek minister changes tone, but sticks to anti-austerity line

BERLIN (Reuters) – Greek Finance Minister Yanis Varoufakis struck a conciliatory note on Monday in a long battle over a cash-for-reforms deal, calling a meeting with his German counterpart Wolfgang Schaeuble in Berlin helpful.

However, he continued to resist the painful austerity that Greece’s creditors say is necessary to steady its finances and enable further aid to be disbursed.

Jun 2, 2015

Germany rallies reinforcement to pitch for EU-U.S. trade deal

BERLIN (Reuters) – European and U.S. trade officials came to Berlin on Tuesday to try to drum up support for a transatlantic trade deal that faces growing opposition in Europe’s biggest economy.

Support among the German public for the Transatlantic Trade and Investment Partnership (TTIP) has fallen sharply over the past year, with many worrying it will weaken food, environmental and auto safety standards and give U.S. firms too much power.

May 22, 2015

German lower house passes law to curb power of smaller unions

BERLIN, May 22 (Reuters) – Germany’s lower house of
parliament passed a law on Friday to limit the power of smaller
unions, whose strikes have paralysed train and air traffic in
recent months, by making a wage deal with the largest union in a
company applicable to all employees.

Industry bodies have called for such a change in the law to
stop smaller unions like GDL, which represents just 20,000 train
drivers at Deutsche Bahn, from being able to halt the
entire operations of a company that employs 200,000 people.

May 19, 2015

Coal row takes shine off Germany’s green image before G7 summit

BERLIN, May 19 (Reuters) – Germany’s clean energy drive
earned it a reputation as a green leader but a domestic row over
coal has highlighted the challenge of balancing economic and
environmental demands and threatens its ability to lead by
example.

Angela Merkel, once dubbed the “climate chancellor”, hopes
to encourage the Group of Seven industrial nations to commit to
tough goals to cut greenhouse gases at a June 7-8 summit in
Bavaria before a larger year-end United Nations climate meeting
in Paris.