BERLIN (Reuters) – The German political landscape is strewn with men who tried to take on Angela Merkel and failed. Sigmar Gabriel, the leader of the center-left Social Democrats (SPD), is working hard to avoid the same fate.
Since the SPD’s crushing defeat at the hands of Merkel’s conservatives in an election lat September, no German politician has racked up as many political wins as the 54-year-old economy minister with keen political instincts and a knack for rousing speeches.
They’re playing REO Speedwagon and Night Ranger at my trendy local Berlin cafe – this seems significant but not sure why
One in four #Germans (one in three in East) would like to see #Merkel at the helm 10 years from now according to new Forsa poll
BRUSSELS (Reuters) – In the latest shift away from the austerity of the euro zone crisis, European Union leaders signalled at a summit that they were ready to give member states extra time to consolidate their budgets as long as they pressed ahead with economic reforms.
Under pressure from Italian Prime Minister Matteo Renzi, the leaders adopted a text which pledged to make “best use” of the flexibility built into the bloc’s fiscal rule book – the so-called Stability and Growth Pact.
BERLIN (Reuters) – Germany’s Angela Merkel signaled her readiness on Wednesday to give EU states more flexibility within current budget rules to promote growth and job creation, but made clear she will push her choice of European Commission chief over British objections.
The chancellor appeared to come down clearly on the side of a more lenient interpretation of the European Union’s Stability and Growth Pact to help countries like Italy and France balance the push for reform with the need to reduce high unemployment.
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble warned on Thursday in the clearest terms yet about the risks of loose monetary policy for Europe’s largest economy, saying low interest rates were already spawning “dangerous” rises in domestic property prices.
Schaeuble has long warned about the threat of speculative bubbles forming as a result of excess liquidity, but his comments at a news conference with visiting U.S. Treasury Secretary Jack Lew went beyond his usual line that low rates must correct higher over time.