MADRID/BERLIN, June 11 (Reuters) – Spain faces supervision
by international lenders after a bailout for its banks agreed
at the weekend, EU and German officials said on Monday,
contradicting Prime Minister Mariano Rajoy who had insisted the
cash came without such strings.
Financial markets responded with relief to Saturday’s euro
zone deal to lend Madrid up to 100 billion euros ($125 billion)
to recapitalise debt-laden banks, with investors scooping up
battered financial shares.
MADRID/BERLIN (Reuters) – Spain faces supervision by international lenders after a bailout for its banks agreed at the weekend, EU and German officials said on Monday, contradicting Prime Minister Mariano Rajoy who had insisted the cash came without such strings.
Financial markets responded with relief to Saturday’s euro zone deal to lend Madrid up to 100 billion euros ($125 billion) to recapitalize debt-laden banks, with investors scooping up battered financial shares.
BERLIN, May 14 (Reuters) – Angela Merkel is looking
increasingly isolated at home and in Europe after what she
called a “bitter, painful defeat” for her party in a weekend
election in Germany’s most populous state.
The German chancellor said the vote did not change her view
that fiscal rigour was the best path for Europe, although it
highlighted resistance among Germans to enduring the kind of
austerity she has forced on debt-laden southern nations.
BERLIN (Reuters) – Germany told Greece on Friday that staying in the euro zone was its own choice and that it must not stray from austerity if it expects to get international cash.
It also laid out its support for a European ‘growth pact’ in an attempt to deflect criticism that its insistence on austerity has exacerbated Athens’ debt woes.
BERLIN (Reuters) – Germany’s Social Democrats, emboldened by a victory for the left in France, attacked Chancellor Angela Merkel’s austerity drive in Europe on Wednesday, accusing her of boosting the far-right in Greece and raising the risk of it exiting the euro zone.
The opposition SPD has so far been reluctant to openly challenge Merkel’s insistence on fiscal discipline, which German voters broadly support, but events in France and Greece have opened up a flank they are keen to attack, especially ahead of an election this weekend in Germany’s most populous state.
BERLIN, May 9 (Reuters) – German exports and imports both
leapt to record monthly levels in March, bolstering hopes that
Europe’s largest economy has escaped recession and highlighting
the country’s resilience to the euro zone’s deepening debt
Wednesday’s data confirmed booming sales of high-quality
German products to non-European markets in Asia and elsewhere
but economists said the jump in imports also provided crumbs of
comfort to Germany’s struggling peers in the euro zone.
BERLIN (Reuters) – Britain urged Germany on Wednesday to beef up its contribution to European defence and security, in line with its economic might, as the United States focuses increasingly on the Asia-Pacific region.
British Defence Secretary Philip Hammond said he did not expect Germany, Europe’s largest economy, to spend more money in a time of general belt-tightening but said there was ample scope to improve the effectiveness of its forces.
BERLIN (Reuters) – A prominent member of Germany’s Pirates, a new party now ranking third in opinion polls and set to enter parliament next year, has compared his group’s meteoric rise to that of Adolf Hitler before 1933, sparking protests across the political spectrum.
“The ascent of the Pirate Party is proceeding as swiftly as the NSDAP (National Socialist German Workers’ Party, or Nazis) between 1928 and 1933,” Martin Delius told Monday’s edition of the weekly news magazine Spiegel. He then tweeted his remark.
BERLIN, April 19 (Reuters) – President Goodluck Jonathan
insisted on Thursday Nigeria was safe for foreign investors,
while calling for Western logistical help to combat the radical
Islamist group Boko Haram.
The group, which wants Sharia (Islamic) law more widely
applied across Africa’s most populous nation, has killed
hundreds in gun and bomb attacks this year.
BERLIN (Reuters) – Nobel Prize-winning German writer Guenter Grass has attacked Israel as a threat to world peace and said it must not be allowed to launch military strikes against Iran, in a poem that one German newspaper branded “anti-Semitic”.
Grass, 84, a seasoned campaigner for left-wing causes and a critic of Western military interventions such as Iraq, also condemned German arms sales to Israel in his poem “What must be said”, published in several newspapers on Wednesday.