Gernot's Feed
Dec 3, 2012

EADS confirms shareholder shake-up talks

PARIS (Reuters) – Shares in EADS rose on Monday as European nations raced towards a deal aimed at overhauling a convoluted shareholder structure at Europe’s largest aerospace group.

The Airbus parent company said it was in talks on the company’s ownership with France, German and Spain, confirming press reports.

Nov 5, 2012

G20 carves out some more wiggle room on austerity plans

MEXICO CITY (Reuters) – The world’s leading economies gave themselves a bit more wiggle room on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.

Meeting a day before the U.S. presidential election, which is being disputed largely on tax and spending issues, the Group of 20 countries worried that previous commitments to cut in half the budget shortfalls of advanced economies by the end of next year might hurt the struggling global economy.

Nov 5, 2012

UK, Germany push for multinationals to pay “fair share” of taxes

MEXICO CITY (Reuters) – Britain and Germany are leading a push in the Group of 20 economic powers to make multinational companies pay their “fair share” of taxes following reports of large firms exploiting loopholes to avoid taxes.

British Finance Minister George Osborne said at a G20 meeting in Mexico City on Monday that discussions showed there was “widespread support” for the joint initiative.

Nov 2, 2012

Germany’s Schaeuble says debt reduction is global task

BERLIN (Reuters) – The United States and Japan must share responsibility with Europe for ensuring global economic stability, German Finance Minister Wolfgang Schaeuble said, signaling that a G20 meeting this weekend should not focus solely on the euro zone crisis.

Speaking in an interview before finance ministers and central bankers from the Group of 20 nations meet in Mexico, he said top economies must pursue structural reforms and fiscal consolidation to win back market trust and build sustainable growth.

Oct 16, 2012

Germany’s Schaeuble advocates leap in euro integration

ABU DHABI (Reuters) – German Finance Minister Wolfgang Schaeuble has called before an EU summit this week for a leap forward in European integration, saying the bloc needs a commissioner with power over member nations’ budgets and reform of European Parliament decision-making.

Such reforms would accelerate the trend towards a two-speed Europe whose inner core would be the euro zone, spurred towards closer union by its three-year-old sovereign debt crisis.

Oct 16, 2012

Germany’s Schaeuble urges big leap forward in euro integration

ABU DHABI, Oct 16 (Reuters) – German Finance Minister
Wolfgang Schaeuble has called for a great leap forward in
European integration ahead of a summit of EU leaders, urging the
creation of a new commissioner with power over budgets and
reform of European Parliament decision-making.

Schaeuble, a longtime advocate of closer EU integration who
is not shy about voicing his personal views, said he had spoken
with Chancellor Angela Merkel about his proposals and that she
was “somewhat more cautious”.

Oct 12, 2012

Europe uneasy in IMF spotlight as Tokyo meetings start

TOKYO (Reuters) – Greece, Spain and the euro zone’s slow progress toward debt reform took center stage at IMF meetings on Friday despite Europe’s best effort to remove itself from the spotlight.

The International Monetary Fund recommended that some of Europe’s debt-burdened countries take a bit more time to reduce budget deficits, arguing that moving too fast is counter-productive because it hurts the economy.

Oct 11, 2012

IMF calls for action as euro zone crisis festers

TOKYO (Reuters) – The IMF prodded Europe and the United States to act faster to resolve their debt troubles, blaming plodding progress for creating economic uncertainty and slowing global growth.

Christine Lagarde, the head of the International Monetary Fund, said she expected “courageous and cooperative action” as she laid blame on Europe and the United States for fostering a sense of unease that has led companies to delay investment and hiring.

Oct 6, 2012

EADS says continuing BAE merger talks with governments

BERLIN (Reuters) – EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) is continuing “constructive talks” with governments over its proposed $45 billion merger deal with BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) and remains convinced that it is an excellent deal for Europe, a spokesman said on Saturday.

Tensions over the proposed supermerger spilled into the open on Friday, casting doubt on a rapidly approaching deadline as France, Britain and Germany jockeyed over the role of the state in the world’s largest aerospace and arms group.

Oct 6, 2012

EADS says continuing BAE merger talks with govts

BERLIN, Oct 6 (Reuters) – EADS is continuing
“constructive talks” with governments over its proposed $45
billion merger deal with BAE Systems and remains
convinced that it is an excellent deal for Europe, a spokesman
said on Saturday.

Tensions over the proposed supermerger spilled into the open
on Friday, casting doubt on a rapidly approaching deadline as
France, Britain and Germany jockeyed over the role of the state
in the world’s largest aerospace and arms group.