Caroline's Feed
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

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

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.

May 7, 2015

Adecco shares tumble as top managers quit

BERLIN, May 7 (Reuters) – Shares in Swiss staffing firm
Adecco tumbled on Thursday after it said both its
chief executive and chief financial officer were leaving.

The unexpected announcements of the departures of the two
men, who played key roles in expanding the business and boosting
its profitability, overshadowed the release of strong results
that showed the company’s profit leapt in the first quarter.

May 7, 2015

Adecco top managers quit as firm posts forecast-beating profit

BERLIN, May 7 (Reuters) – Swiss staffing firm Adecco
said both its chief executive and chief financial
officer had decided to leave, casting a cloud over its future as
it posted its best ever first-quarter result.

In a surprise announcement, the group said CEO Patrick De
Maeseneire would step down at the end of August, while CFO
Dominik de Daniel would leave at the end of July.