Gernot's Feed
Sep 19, 2012

France, Germany to seek common position on EADS-BAE

BERLIN/FRANKFURT (Reuters) – The leaders of France and Germany will seek a common position at a series of meetings this week on a $45 billion defense merger that could involve them having to giving up strategic influence in aerospace group EADS (EAD.PA: Quote, Profile, Research, Stock Buzz).

After talks on a tie-up between EADS and Britain’s BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) were leaked last week, government officials from across Europe have this week been setting out their views on the deal.

Sep 13, 2012

Investors see obstacles, risks to BAE-EADS tie-up

PARIS/BERLIN, Sept 13 (Reuters) – Shares in EADS
and Britain’s BAE Systems tumbled on Thursday as
investors feared that a planned tie-up aimed at creating the
world’s biggest defence and aerospace group could run up against
political and regulatory obstacles.

If talks unveiled late on Wednesday culminate in a deal, BAE
shareholders would hold 40 percent and EADS investors 60 percent
in a giant with products ranging from Airbus commercial planes
to Typhoon warplanes and BAE’s Astute-class nuclear-powered
submarines.

Sep 13, 2012

BAE, EADS talks may spur more mergers

PARIS/BERLIN (Reuters) – Shares in EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) and Britain’s BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) tumbled on Thursday as investors feared that a planned tie-up aimed at creating the world’s biggest defense and aerospace group could run up against political and regulatory obstacles.

If talks unveiled late on Wednesday culminate in a deal, BAE shareholders would hold 40 percent and EADS investors 60 percent in a giant with products ranging from Airbus commercial planes to Typhoon warplanes and BAE’s Astute-class nuclear-powered submarines.

Sep 10, 2012

Euro zone may collapse if states reject reforms: German trade association

BERLIN (Reuters) – The euro zone could break up if people living in crisis-stricken southern European countries do not accept structural reforms in the coming years, the head of Germany’s BGA trade association said on Monday.

Anton Boerner also dismissed concerns that Germany, Europe’s largest economy, could sink into recession in 2012 and said he expected German exports to increase both this year and next.

Sep 10, 2012

Euro zone may collapse if states reject reforms-German trade assn

BERLIN, Sept 10 (Reuters) – The euro zone could break up if
people living in crisis-stricken southern European countries do
not accept structural reforms in the coming years, the head of
Germany’s BGA trade association said on Monday.

Anton Boerner also dismissed concerns that Germany, Europe’s
largest economy, could sink into recession in 2012 and said he
expected German exports to increase both this year and next.

Aug 1, 2012

U.S. raises pressure for euro zone crisis action

FRANKFURT/BERLIN, Aug 1 (Reuters) – The United States raised
pressure on euro zone leaders to take decisive action to solve
the region’s debt crisis, notably by lowering troubled members’
borrowing costs, on the eve of a crucial European Central Bank
meeting.

U.S. Treasury Secretary Timothy Geithner said the euro zone
must take steps including “bringing down interest rates in the
countries that are reforming and making sure those banking
systems can provide the credit those economies need”.

Jul 30, 2012

US, Germany hopeful on euro reforms after island talks

MUNKMARSCH, Germany, July 30 (Reuters) – German Finance
Minister Wolfgang Schaeuble and U.S. counterpart Timothy
Geithner said on Monday they were confident the countries of the
euro zone would implement reforms needed to overcome their
sovereign debt crisis.

In a statement issued after talks on a blustery German
island in the North Sea where Schaeuble is holidaying, the two
men said their countries would cooperate closely to stabilise
the global and European economies.

Jul 30, 2012

Geithner, Schaeuble discuss euro on windy German island

MUNKMARSCH, Germany, July 30 (Reuters) – Germany’s Finance
Minister Wolfgang Schaeuble interrupted his summer holiday on a
remote North Sea island on Monday to brief his U.S. counterpart
on latest developments in the euro zone crisis.

Treasury Secretary Timothy Geithner and his aides arrived in
three black limousines at an elegant hotel on the German island
of Sylt, a favourite destination for wealthy Germans.

Jul 7, 2012

Half Germans support giving more powers to Brussels-poll

BERLIN (Reuters) – Around half of Germans are prepared to give up some national powers to Brussels in the pursuit of a common European Union financial policy, according to a poll by Emnid for the German magazine Focus.

Some 49 percent of the 1,000 Germans surveyed for the poll supported handing over more power to the EU, in line with the closer European fiscal and political union championed by Chancellor Angela Merkel. Some 44 percent were opposed.

Jun 18, 2012

G20 to press Europe for lasting crisis fix

LOS CABOS, Mexico (Reuters) – World leaders were set to pile pressure on Europe at a G20 summit on Monday to outline a lasting strategy to save the euro currency after a victory for pro-bailout parties in a Greek election failed to calm financial markets.

U.S. President Barack Obama spoke with European leaders after the Greek vote and requested a meeting with them on Monday evening, underscoring the extent of concern in Washington that the euro crisis could deepen, infecting the fragile U.S. economy only months before an election.