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Dec 3, 2011

German finance minister details debt fund plan before EU summit

BERLIN (Reuters) – Germany’s Finance Minister spelled out details on Saturday of his proposal for national redemption funds for excess sovereign debt which he intends to present at a crunch summit of EU leaders next week aimed at restoring confidence in the euro.

Wolfgang Schaeuble outlined his plans under which states would effectively siphon off a chunk of their debt to a special national fund and pay it off over about 20 years while committing to reforms to keep debt levels on target.

Dec 3, 2011

German FinMin details debt fund plan before EU summit

BERLIN, Dec 3 (Reuters) – Germany’s Finance Minister
spelled out details on Saturday of his proposal for national
redemption funds for excess sovereign debt which he intends to
present at a crunch summit of EU leaders next week aimed at
restoring confidence in the euro.

Wolfgang Schaeuble outlined his plans under which states
would effectively siphon off a chunk of their debt to a special
national fund and pay it off over about 20 years while
committing to reforms to keep debt levels on target.

Nov 24, 2011

Germany wakes up to festering neo-Nazi threat

BERLIN (Reuters) – After 30 years living in eastern Germany, Mozambique-born Ibrahimo Alberto this summer decided he could endure no more daily racist abuse. He turned his back on his job, gave up on what had become his home and moved with his family to the west.

The last straw for Alberto came when his son was playing in a soccer match and an opponent shouted: “Nigger swine. I’ll beat you to death.”

Nov 15, 2011

Shocked Germany vows to fight neo-Nazis after murders

LEIPZIG/BERLIN (Reuters) – Chancellor Angela Merkel’s conservatives urged her on Tuesday to step up the fight against right-wing extremists following the chance discovery that a group of neo-Nazis had been murdering immigrants for years.

Merkel has described as a national disgrace the existence of a cell, called the National Socialist Underground, whose members are now suspected of killing between 2000 and 2007 at least nine immigrants, eight Turks and a Greek, and a police woman.

Nov 2, 2011

German jobless rises, first time in nearly 2 years

BERLIN (Reuters) – Unemployment in Germany unexpectedly rose in October, the first increase since early 2010, data showed on Wednesday, compounding fears about the effects of a slowdown in Europe’s biggest economy.

The seasonally adjusted figures from the Federal Labour Office showed unemployment rose by 10,000 compared to an expected drop of 10,000. That pushed the unemployment rate up to 7.0 percent from 6.9 percent in September.

Oct 25, 2011

Merkel calls for bailout fund support before vote

BERLIN, Oct 25 (Reuters) – Chancellor Angela Merkel appealed
to German lawmakers from all parties on Tuesday to back plans to
boost the firepower of the euro zone rescue fund in a vote set
to take place hours before Wednesday’s crunch EU summit.

Merkel needs to win the parliamentary vote to have a mandate
to negotiate a deal with other EU leaders aimed at delivering a
range of measures to stop the euro zone debt crisis spiralling.

Oct 25, 2011

Merkel fights for broad German support for euro zone fund

BERLIN (Reuters) – Chancellor Angela Merkel was struggling on Tuesday to convince German lawmakers to back plans to boost the firepower of the euro zone rescue fund in a vote set to take place just hours before Wednesday’s crunch EU summit.

Merkel needs to win the parliamentary vote to have a mandate to negotiate a deal with other EU leaders aimed at delivering a range of measures to stop the euro zone debt crisis spiraling.

Oct 20, 2011

Merkel resists pressure for euro zone big bang

BERLIN, Oct 20 (Reuters) – Exhausted by two years of crisis,
Europe and its trading partners are hoping Chancellor Angela
Merkel will ditch her customary caution and sign up to a “big
bang” solution at Sunday’s EU summit — but she is unlikely to
deliver.

The German leader, accused by her critics of worsening the
euro zone’s debt debacle with her hesitant approach, has tried
to dampen expectations of the meeting.

Oct 12, 2011

Diary shows Germans could have known of Nazi horrors

BERLIN (Reuters) – The newly published diary of an indignant small-town official in Nazi Germany has stirred the sensitive debate over how much ordinary Germans knew of atrocities committed under Hitler, creating a wave of interest at home and abroad.

The diary of Friedrich Kellner “‘All Minds Blurred and Darkened’ Diaries 1939-1945″ came to prominence thanks to the intervention of the elder former U.S. President George Bush.

Oct 4, 2011

More beer, fewer brawls at Germany’s Oktoberfest

BERLIN, Oct 4 (Reuters) – Revellers at Germany’s
Oktoberfest, the world’s largest folk festival, consumed a
record 7.5 million litres (1.65 million Imp gallons) of beer
during the 17-day party which ended on Monday in blazing
sunshine.

Despite gloom in Germany about the spiralling debt crisis,
the festival drew some 6.9 million visitors, many clad in
traditional Bavarian lederhosen or dirndls, said the organisers.

    • About Madeline

      "Madeline has been a correspondent in the Berlin bureau since 2006. Before that, she was a parliamentary correspondent in London and an equities reporter in Frankfurt. She has also worked in Vienna and for a variety of UK newspapers."
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