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Jul 5, 2015

German exporters eye lucrative deals in post-sanctions Iran

FRANKFURT/BERLIN, July 5 (Reuters) – Martin Herrenknecht,
founder of a company in southern Germany that is a world leader
in tunnel-boring equipment, has been carefully preparing for the
day when Iran reopens for business.

He recently visited Tehran, meeting officials in the energy
ministry and sewage department. Before Western sanctions hit,
Herrenknecht, which carries its 72-year-old founder’s name, did
10 million to 15 million euros ($11 million-$17 million) of
business a year in Iran.

Jul 1, 2015

German frustration with Greece bubbles over in feisty Bundestag debate

BERLIN, July 1 (Reuters) – One by one, leading figures in
the German government made their way to the podium in the
sun-drenched chamber of the Bundestag on Wednesday and accused
Greek Prime Minister Alexis Tsipras of betraying his own people.

A day after Greece became the first advanced country to
default to the International Monetary Fund, frustration in
Berlin bubbled over, with politicians openly questioning whether
they could negotiate in good faith with Tsipras if he survives a
Greek referendum he has called for Sunday.

Jun 28, 2015

Insight – Cautious Merkel on verge of biggest risk with ‘Grexit’

BERLIN (Reuters) – “If you break it, you own it,” former U.S. Secretary of State Colin Powell warned President George W. Bush before his invasion of Iraq.

Whether it will ever be fair to blame Angela Merkel for “breaking” Greece is debatable.

Jun 28, 2015

Cautious Merkel on verge of biggest risk with ‘Grexit’

BERLIN (Reuters) – “If you break it, you own it,” former U.S. Secretary of State Colin Powell warned President George W. Bush before his invasion of Iraq.

Whether it will ever be fair to blame Angela Merkel for “breaking” Greece is debatable.

Jun 23, 2015

German bailout fatigue carries new risks for Merkel

BERLIN, June 23 (Reuters) – Wolfgang Bosbach is still an
outlier in the German parliament, one of the few members of
Chancellor Angela Merkel’s conservatives who openly defies her
by speaking out against aid for Greece.

But he is far less isolated than he was back in 2011 when
Merkel’s former chief of staff Ronald Pofalla reprimanded him
for his defiance on euro zone bailouts with the stinging jibe:
“I can’t stand the sight of your stupid face.”

Jun 10, 2015

EU leaders push Libya’s warring factions over peace deal

BERLIN (Reuters) – European powers on Wednesday urged Libya’s warring factions to accept a peace deal within days, warning them that without an accord the only winners would be Islamist militants who have used the country’s chaos to gain ground.

Delegations from Libya’s two rival governments, who are battling for control of the OPEC state, met with European leaders in Berlin to discuss a U.N.-sponsored peace and power-sharing proposal despite splits among some of the parties.

Jun 9, 2015

Greece talks of compromise as Merkel warns time is short

ATHENS/KRUEN, Germany (Reuters) – Greece proclaimed a new willingness to compromise with its international creditors on Monday, as German Chancellor Angela Merkel warned that time was running out for a reform-for-aid deal to keep the country in the euro.

Three days after Prime Minister Alexis Tsipras told his parliament the latest proposal from the EU and IMF was “absurd”, the Greek government said it was ready to negotiate a settlement acceptable to both sides by the end of this month – when Greece’s bailout program expires and it faces the prospect of default on its debts.

Jun 8, 2015

Obama says Putin on doomed drive to recreate Soviet glories

KRUEN, Germany (Reuters) – U.S. President Barack Obama accused President Vladimir Putin of wrecking Russia’s economy in a doomed drive to recreate the glories of the Soviet empire and G7 leaders said they could step up sanctions against Moscow if violence in Ukraine escalated.

At the conclusion of a Group of Seven summit in the Bavarian Alps, leaders expressed concern about an upsurge in fighting in eastern Ukraine, where Russian-backed separatists have clashed with Kiev’s troops in violation of a ceasefire agreed in April.

Jun 8, 2015

Greece talks of compromise as Merkel warns time short for deal

ATHENS/KRUEN, Germany (Reuters) – Greece proclaimed a new willingness to compromise with its international creditors on Monday, as German Chancellor Angela Merkel warned that time was running out for an reform-for-aid deal to keep the country in the euro.

Just three days after Prime Minister Alexis Tsipras rejected the latest proposal from the EU and IMF as “absurd”, the Greek government said it is ready to negotiate a settlement acceptable to both sides by the end of this month – when Greece’s bailout program expires and the country faces default on its debts.

Jun 8, 2015

G7 leaders urge tough line on Russia at Alpine summit

KRUEN, Germany (Reuters) – Group of Seven (G7) leaders vowed at a summit in the Bavarian Alps on Sunday to keep sanctions against Russia in place until President Vladimir Putin and Moscow-backed separatists fully implement the terms of a peace deal for Ukraine.

The Ukraine conflict and a long-running debt standoff between Greece and its European partners dominated the first day of the annual meeting hosted by Chancellor Angela Merkel at Schloss Elmau, a luxury Alpine hotel in southern Germany.

    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
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