Merkel finalising budget cuts to regain initiative
BERLIN, June 7 (Reuters) – German Chancellor Angela Merkel
will on Monday agree a package of budget cuts with her cabinet
and outline her policy agenda through 2014, hoping to shore up
the euro and her own authority.
Ministers resumed talks on Monday after working late into
Sunday night. Merkel was due to announce the results of the 2011
draft budget and financial planning for the next four years at a
news conference at 3 p.m. (1300 GMT).
Merkel in risky bid to revive fortunes with cuts
BERLIN (Reuters) – Germany’s Angela Merkel has hit a low point in her chancellorship, and her decisions in the coming days on tackling the budget deficit and who to back as president may determine whether she bounces back or is politically doomed.
Beset by a slump in popularity and a drubbing in a state election last month, and accused at home and abroad of weak leadership in the euro zone debt crisis, Merkel has also seen two high profile allies quit unexpectedly within a week.
Key political risks to watch in Germany
BERLIN, June 1 (Reuters) – A key ally of German Chancellor
Angela Merkel raised doubts about the future of her government
at the weekend, underlining tension in the ruling coalition,
which has been hit by an electoral setback and policy disputes.
Europe’s largest economy suffered its worst recession since
World War Two in 2009, though it has now grown for four straight
quarters, and forward-looking indicators suggest the
manufacturing sector is recovering fast from the global slump.
German lawmakers back euro aid
BERLIN/BRUSSELS (Reuters) – Germany’s parliament approved on Friday a $1 trillion safety net to stabilize the euro as fears swirled that Europe’s debt crisis and tougher financial regulation may choke economic recovery.
European Union finance ministers, meeting in Brussels, backed a German call for tougher sanctions in future against states that flout the bloc’s budget rules, to prevent any repeat of Greece’s debt crisis, which required a euro zone/IMF bailout.
German lawmakers back euro aid, markets wobble
BERLIN/BRUSSELS, May 21 (Reuters) – Germany’s parliament
approved on Friday a $1 trillion safety net to stabilise the
euro as world stocks wobbled on fears that Europe’s debt crisis
and tougher financial regulation may choke economic recovery.
European Union finance ministers, meeting in Brussels,
backed a German call for tougher sanctions in future against
states that flout the bloc’s budget rules, to prevent any repeat
of Greece’s debt crisis, which required a euro zone/IMF bailout.
German lawmakers back euro aid, stocks tumble
BERLIN/BRUSSELS (Reuters) – German lawmakers approved on Friday a $1 trillion (698 billion pound) safety net to stabilise the euro as world stocks slid further on fears Europe’s debt crisis and tougher financial regulation will choke economic recovery.
The Bundestag (lower house) approved Berlin’s contribution of up to 148 billion euros ($183.8 billion) in loan guarantees, deeply unpopular with voters, on top of an equally divisive 22.4 billion euro contribution to a package for debt-ridden Greece.
Germany’s lower house approves euro aid package
BERLIN, May 21 (Reuters) – Germany’s lower house of
parliament on Friday approved a law allowing Europe’s biggest
economy to contribute to a 750 billion euro emergency debt
package despite wide public opposition to the move.
The Bundestag lower house passed the bill with 319 votes in
favour, 73 against and 195 abstentions. The Bundesrat upper
house is expected to pass the bill later on Friday before
President Horst Koehler can sign it into law.
Germany readies plan to avert future debt crises
BERLIN, May 17 (Reuters) – Germany is drawing up plans to
boost the euro and avert future debt crises, a finance ministry
spokesman said on Monday, declining to confirm reports Berlin
wants a German-style debt brake across the single currency zone.
The Sueddeutsche Zeitung and other newspapers had reported
Berlin was pushing the idea of tougher fiscal rules based on a
German law to shield the euro zone from excessive debt.
Row overshadows German government’s Islam conference
BERLIN (Reuters) – The absence of two big Islamic groups from government-led talks to boost the integration of Germany’s 4 million Muslims overshadowed a meeting that agreed to tackle issues such as imam training, extremism and veils.
A row over the agenda and guest lists prompted Germany’s Central Council of Muslims to boycott the talks, with its head, Ayyub Axel Koehler, denouncing the conference as being “decreed by the government” and saying Muslims had been ignored.
Germany readies plans to fight euro zone debt
BERLIN (Reuters) – Germany is drawing up plans to boost the euro and avert future debt crises, a finance ministry spokesman said on Monday, declining to confirm reports Berlin wants a German-style debt brake across the single currency zone.
The Sueddeutsche Zeitung and several other newspapers had reported Berlin was pushing the idea of tougher fiscal rules based on a German law to shield the euro zone from excessive debt.
