Erik's Feed
Sep 9, 2014

No new debt for Germany in 2015, first time since 1969

BERLIN, Sept 9 (Reuters) – Finance Minister Wolfgang
Schaeuble said Germany would not take on new debt next year for
the first time since 1969, underlining the robustness of the
country’s finances as European partners urge it to do more to
boost euro zone growth.

Speaking to the lower house of parliament on Tuesday,
Schaeuble said budgets that did not include net new borrowing
should become the new norm for Germany from 2015 and said Berlin
wanted to open the door for more private investment, especially
in infrastructure.

Sep 7, 2014

Merkel ally lashes out at Draghi over ECB plans to buy ‘junk’ paper

BERLIN (Reuters) – An ally of Chancellor Angela Merkel criticized the European Central Bank and its president Mario Draghi in a rare public attack, telling Bild newspaper the ECB’s new schemes to bolster lending and buy asset-backed securities would scare Germans.

“It’s only going to frighten a lot of people when ECB chief Mario Draghi opens up the central bank’s money tap and at the same time buys junk paper,” Christian Social Union chairman and Bavaria state premier Horst Seehofer said in an interview with Germany’s top-selling newspaper, to be published on Monday.

Sep 7, 2014

Germany’s divisive road toll plan could make a loss: magazine

BERLIN (Reuters) – A plan to introduce toll roads in Germany aimed mainly at foreigners, which has already divided the ruling coalition, is flawed and even loss-making, according to internal government documents published in Der Spiegel magazine on Sunday.

The proposal has caused a row within Chancellor Angela Merkel’s grand coalition government because the Christian Social Union (CSU), her Bavarian sister party, insists on it while her Christian Democrats (CDU) and the Social Democrat (SPD) partners are skeptical about whether it conforms to European Union rules.

Sep 6, 2014

Merkel vows to fight anti-Semitism in Germany

BERLIN (Reuters) – Chancellor Angela Merkel said on Saturday she would do everything she could to fight anti-Semitism in Germany, amid reports of attacks and a spike in anti-Israel sentiment since the Gaza conflict.

In her weekly podcast, Merkel said she was alarmed that Jewish institutions in Germany still needed police protection and called for a big turnout at a rally against anti-Semitism that she was planning to address in Berlin next weekend.

Sep 3, 2014

Germany’s Loew says time for World Cup party to wind down

DUESSELDORF Germany (Reuters) – There is nothing wrong with savouring July’s fourth World Cup win as far as Germany coach Joachim Loew is concerned, but he said it was now time for the party to start winding down.

Loew was surprisingly unperturbed after his team’s woeful performance in a 4-2 home defeat to Argentina in a rematch of the World Cup final.

Sep 3, 2014

Soccer-Germany’s Loew says time for World Cup party to wind down

DUESSELDORF, Germany, Sept 3 (Reuters) – There is nothing wrong with savouring July’s fourth World Cup win as far as Germany coach Joachim Loew is concerned, but he said it was now time for the party to start winding down.

Loew was surprisingly unperturbed after his team’s woeful performance in a 4-2 home defeat to Argentina in a rematch of the World Cup final.

Sep 3, 2014

Soccer-Di Maria dazzles as Argentina crush Germany

DUESSELDORF, Germany, Sept 3 (Reuters) – A brilliant performance from Angel Di Maria spurred Argentina to a crushing 4-2 friendly win over world champions Germany on Wednesday in an entertaining rematch of July’s World Cup final.

Despite the absence of injured captain Lionel Messi, Argentina ran circles around the World Cup winners on their home turf in the first match for both teams since Germany’s 1-0 extra-time victory in the final in Brazil.

Sep 3, 2014

Di Maria dazzles as Argentina crush Germany

DUESSELDORF Germany (Reuters) – A brilliant performance from Angel Di Maria spurred Argentina to a crushing 4-2 friendly win over world champions Germany on Wednesday in an entertaining rematch of July’s World Cup final.

Despite the absence of injured captain Lionel Messi, Argentina ran circles around the World Cup winners on their home turf in the first match for both teams since Germany’s 1-0 extra-time victory in the final in Brazil.

Aug 27, 2014

Germany plans to clamp down on EU migrant benefit abuse

BERLIN (Reuters) – The German government presented a draft law on Wednesday to clamp down on “welfare tourists” from European Union countries by expelling fraudsters who abuse its generous social system and block their return for up to five years.

The two ministers who presented the law said that the new rules, designed to give relief to communities stretched by an influx of Romanians and Bulgarians arriving in Germany, would not hinder free movement in the EU nor violate EU rules.

Aug 25, 2014

German conservatives clash over road toll plan

BERLIN, Aug 25 (Reuters) – German Chancellor Angela Merkel’s
Christian Democrats (CDU) and their Bavarian coalition partner
have clashed in an unusually public spat over plans to introduce
a motorway toll that critics say is designed to fleece
foreigners.

Bavaria’s Christian Social Union (CSU) want foreign
motorists to pay tolls on German motorways and other roads. They
say it is unfair that foreigners travel for free on German
motorways while Germans have to pay tolls in neighbouring
countries such as Austria, Switzerland and France.

    • About Erik

      "Erik Kirschbaum is based in Berlin. He has been covering politics, economics, entertainment and sport in Germany since 1989 from Frankfurt, Bonn and Berlin. He also has worked for Reuters in Vienna. Previously, he also worked for newspapers in Connecticut, Wisconsin and Nevada. He has also written two books."
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