Gernot's Feed
Feb 11, 2014

Germany’s Schaeuble sees no deflation threat in Europe

BERLIN (Reuters) – Recent turmoil in emerging markets will hit export-oriented European economies but there are no signs the bloc that shares the single currency is headed towards deflation, German Finance Minister Wolfgang Schaeuble said.

Speaking to Reuters as part of a series of interviews with top policymakers across the euro zone, Schaeuble signaled a readiness to help emerging market countries that have seen their currencies sink to multi-year lows in past weeks as part of a broad market sell-off.

Feb 6, 2014

Merkel backs Juncker to lead conservatives in EU elections

BERLIN (Reuters) – German Chancellor Angela Merkel threw her weight behind Luxembourg’s Jean-Claude Juncker on Thursday as the leading conservative candidate in May’s European Parliament elections, a potential springboard to head the European Commission.

It was her first public endorsement of the veteran former prime minister and ex-chairman of euro zone finance ministers and it appeared to dim the prospects of French European Commissioner Michel Barnier, the only other declared candidate.

Jan 23, 2014

Merkel, SPD try to smooth over bumpy start to coalition government

MESEBERG, Germany (Reuters) – Conservative Chancellor Angela Merkel and her center-left partners tried to allay concerns about a rocky start to their month-old coalition on Thursday, saying they had a clear road map ahead after two days of talks north of Berlin.

Speaking at a news conference at the end of the two-day meeting, Merkel and Sigmar Gabriel, her vice chancellor from the Social Democrats (SPD), pledged to work closely together on contentious issues like energy policy and pension reforms.

Dec 10, 2013

EADS under fire over job cuts in defense shake-up

PARIS/BERLIN (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) came under fire on Tuesday from shareholders France and Germany over plans to cut 5,800 jobs, but its chief executive said that ignoring weak defense and space markets would have put even more jobs at risk.

EADS said a three-year reorganization of its defense and space activities would affect 4,500 jobs on its main payroll, of which 1,500 would be redeployed to commercial planemaker Airbus and helicopter unit Eurocopter. <ID:L6N0JO389>

Oct 31, 2013

Germany rejects U.S. criticism of export reliance

BERLIN (Reuters) – Angela Merkel’s conservatives on Thursday rejected U.S. criticism of Germany’s dependence on exports but her likely future coalition partner agreed Europe’s bulwark economy must do more to spur domestic demand.

The United States has long called for countries like China and Germany with trade surpluses to do more to spur imports but the Obama administration’s reprimand in a semi-annual report to Congress on Wednesday stood out for its stark language.

Oct 7, 2013

Germany must invest to secure growth prospects – ECB’s Asmussen

POTSDAM, Oct 7 (Reuters) – Germany must boost investment to
secure its growth prospects, the German member of the European
Central Bank’s Executive Board said on Monday, while urging his
country’s leaders to form a government soon to enable progress
on European integration.

Joerg Asmussen also said Germany should broaden its
solidarity pact, under which state and local governments in west
provide funds for rebuilding the former Communist east, to cover
the whole country when it expires in 2019.

Oct 7, 2013

Europe needs Germany to form government soon: ECB’s Asmussen

BERLIN (Reuters) – European Central Bank Executive Board member Joerg Asmussen has urged Germany’s political leaders to press on with negotiations to form a new government in order to avoid further delays in crucial decisions for European integration.

The euro zone crisis and progress on the planned banking union will be among the main talking points at the upcoming autumn meeting of the International Monetary Fund in Washington, Asmussen said in a written response to Reuters questions.

Sep 5, 2013

U.S. stimulus pullback dominates G20 economy talks

PETERSBURG, Russia (Reuters) – Emerging and developed G20 powers struggled to find common ground on Thursday over the turmoil unleashed by the prospect of the United States reducing a flood of dollars to the world economy.

The Group of 20, which took the lead in responding to economic crisis in 2009, is now at odds as the U.S. recovery gains pace, Europe lags and developing economies face blowback from the looming ‘taper’ of U.S. monetary stimulus.

Sep 4, 2013

Exclusive – IMF sees emerging economies vulnerable to U.S. tapering

BERLIN (Reuters) – Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter U.S. monetary policy, the International Monetary Fund said in a note obtained by Reuters on Wednesday.

In the surveillance note, prepared for the Group of 20 meeting in St. Petersburg, the IMF urged strengthened global action to revitalise growth and better manage risks, warning that some downside risks have become more prominent.

Sep 4, 2013

IMF sees emerging economies vulnerable to U.S. tapering

BERLIN (Reuters) – Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter U.S. monetary policy, the International Monetary Fund said in a note obtained by Reuters on Wednesday.

In the surveillance note, prepared for the Group of 20 meeting in St. Petersburg, the IMF urged strengthened global action to revitalize growth and better manage risks, warning that some downside risks have become more prominent.