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Sep 10, 2011

Germans fear losing sway as their top man quits ECB

BERLIN (Reuters) – Germans expressed shock and dread about the direction of euro zone policy on Saturday after their top official at the European Central Bank resigned in a conflict over the bank’s response to the debt crisis.

The resignation of ECB chief economist Juergen Stark, a member of Angela Merkel’s conservatives, is also a major blow to the Chancellor who has been deserted by several top allies and this month faces a vote on expanding the euro zone bailout fund which could even cost her job.

Sep 10, 2011

Germans fear losing sway as their top man quits ECB

BERLIN, Sept 10 (Reuters) – Germans expressed shock and
dread about the direction of euro zone policy on Saturday after
their top official at the European Central Bank resigned in a
conflict over the bank’s response to the debt crisis.

The resignation of ECB chief economist Juergen Stark, a
member of Angela Merkel’s conservatives, is also a major blow to
the Chancellor who has been deserted by several top allies and
this month faces a vote on expanding the euro zone bailout fund
which could even cost her job.

Sep 10, 2011

Germans fear losing sway as top man quits ECB

BERLIN, Sept 10 (Reuters) – Germans expressed shock and fear
about the direction of euro zone policy on Saturday after their
top official at the European Central Bank resigned over a
conflict over the bank’s response to the debt crisis.

The resignation of ECB chief economist Juergen Stark, a
member of Angela Merkel’s conservatives, is also a major blow to
the Chancellor who has been deserted by several top allies and
this month faces a vote on expanding the euro zone bailout fund
which could even cost her job.

Sep 8, 2011

Greek backsliding sparks euro exit talk

BERLIN, Sept 8 (Reuters) – Anger at Greece’s failure to meet
fiscal targets that are a condition for its international
bailout is nearing breaking point in Berlin and other European
capitals, with senior politicians now talking openly about the
possibility of Athens exiting the euro zone.

Horst Seehofer, the head of the Bavarian Christian Social
Union (CSU), was the first prominent figure in Germany to
suggest publicly that Greece might eventually be forced to leave
the 17-nation single currency bloc in an interview in the Bild
newspaper on Wednesday.

Aug 25, 2011

Kohl attack adds to Merkel’s woes before EFSF vote

BERLIN, Aug 25 (Reuters) – Former German Chancellor Helmut
Kohl, a driving force of European integration, has launched an
unusual public attack on Angela Merkel’s foreign policy, adding
his voice to a chorus of criticism of her leadership from fellow
conservatives.

Kohl said policies ranging from cooperation with European
partners to ties with the United States lacked direction and
risked undermining German influence.

Aug 17, 2011

Germany says transaction tax would be EU-wide

BERLIN (Reuters) – Germany said on Wednesday that it wants a financial transaction tax outlined by Chancellor Angela Merkel and French President Nicolas Sarkozy to apply to the whole European Union, not just the 17 euro zone states.

With euro zone banks and exchanges worried about being put at a disadvantage to EU financial centers outside the currency zone, notably London, Merkel’s spokesman made clear that the intention was to make the tax apply to all 27 EU members.

Jun 11, 2010

Germany’s Merkel chastises bickering coalition

BERLIN, June 11 (Reuters) – German Chancellor Angela Merkel
ordered the parties in her centre-right coalition on Friday to
stop squabbling over government policies and trading insults
with each other, saying it undermined voters’ confidence.

In the last couple of weeks, sharp differences within
Merkel’s coalition of conservatives and the pro-business Free
Democrats (FDP) have been exposed and politicians from the three
parties have hurled insults at each other.

Jun 7, 2010

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).

Jun 3, 2010

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.

Jun 1, 2010

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.

    • 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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