Senior Economics Correspondent, Germany
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Aug 19, 2015

‘Give Greece a chance’, Schaeuble tells lawmakers before vote

BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble urged lawmakers to back a third bailout for Greece in a vote on Wednesday, saying while there were no guarantees of success, it would be irresponsible not to give Greeks the chance for a new start.

Lawmakers are expected to overwhelmingly support the 86 billion-euro ($95 billion) bailout, even though Chancellor Angela Merkel faces a dangerous rebellion in her own party ranks.

Aug 18, 2015

German parliament seen backing Greek bailout despite rebellion

BERLIN, Aug 19 (Reuters) – German lawmakers are expected to
vote overwhelmingly in favour of Greece’s third bailout on
Wednesday, even though Chancellor Angela Merkel faces a
dangerous rebellion in her own party ranks that suggests she
cannot ask parliament to help Athens again.

A significant minority of Merkel’s conservatives may vote
against the 86 billion-euro ($94.84 billion) bailout, sending
the government a warning that the latest package is its last
chance to keep debt-ridden Greece in the 19-country euro zone.

Aug 18, 2015

In Germany, 60 conservative MPs oppose Merkel course on Greece

BERLIN, Aug 18 (Reuters) – A total of 60 lawmakers in German
Chancellor Angela Merkel’s 311-member conservative bloc voted
against or abstained in a test ballot on Tuesday over a third
bailout plan for Greece before the vote in parliament,
participants told Reuters.

In what was nevertheless an important endorsement for
Merkel, the test ballot showed there may be far fewer rebels in
Wednesday’s vote from her bloc over the 86 billion-euro ($95
billion) package than feared. Bild newspaper had reported that
up to 120 of her deputies would vote against it or abstain.

Aug 18, 2015

German lawmakers debate Greek bailout, Merkel faces rebellion

BERLIN (Reuters) – German lawmakers broke off their holidays on Tuesday to debate Greece’s third bailout plan before approving it, though Chancellor Angela Merkel faces a rebellion in a vote shaping up as her last chance to keep Athens in the euro zone.

Up to a quarter of Merkel’s conservatives could vote against the 86-billion-euro ($95 billion) package, sending the government a clear warning not to return to parliament again to ask for more aid.

Aug 14, 2015

Euro zone economy sputters as China risks loom

BERLIN (Reuters) – Germany enjoyed robust if unspectacular growth in the second quarter while the French economy stagnated, leaving policymakers looking at a fragile euro zone recovery and risks from volatile Chinese markets.

The German economy, Europe’s largest, grew by 0.4 percent on the quarter — a slight acceleration from 0.3 percent in the first three months of the year but below expectations for a 0.5 percent expansion as weak investment acted as a drag.

Aug 14, 2015

German second quarter growth solid but unspectacular as investment drags

BERLIN (Reuters) – German growth accelerated in the second quarter of 2015 but by less than expected, with foreign trade acting as a support and investment braking Europe’s largest economy.

German gross domestic product (GDP) grew 0.4 percent in the quarter between April and June after expanding by 0.3 percent in the first three months of 2015. The consensus forecast for the second quarter in a Reuters poll was for 0.5 percent growth.

Aug 14, 2015

German Q2 growth solid but unspectacular as investment drags

BERLIN, Aug 14 (Reuters) – German growth accelerated in the
second quarter of 2015 but by less than expected, with foreign
trade acting as a support and investment braking Europe’s
largest economy.

German gross domestic product (GDP) grew 0.4 percent in the
quarter between April and June after expanding by 0.3 percent in
the first three months of 2015. The consensus forecast for the
second quarter in a Reuters poll was for 0.5 percent growth.

Aug 10, 2015

Germany wants strict conditions attached to new Greek bailout

BERLIN, Aug 10 (Reuters) – Germany pressed on Monday for
strict conditions to be attached to a new bailout accord for
Greece, arguing for aid payments to be tied to Athens’ reform
progress and holding out the possibility of a delayed final
deal.

The hard line from Berlin reflected popular misgivings in
Germany about funnelling yet more aid to Athens and
policymakers’ loss of trust in the Greek government of left-wing
Prime Minister Alexis Tsipras.

Aug 7, 2015

German industry slows in June but rush of orders brightens outlook

BERLIN, Aug 7 (Reuters) – German exports and industrial
output both fell in June, interrupting a solid recovery in
Europe’s largest economy that is still set to carry through into
the third quarter thanks to a bumper rise in orders.

The 1.4 percent drop in output countered expectations for a
small rise and prompted economists to review their assessment of
the second quarter, though they remain positive about Germany’s
economic outlook after the rise in industrial orders.

Aug 5, 2015

Row over treason inquiry rocks German political establishment

BERLIN, Aug 5 (Reuters) – Germany’s justice minister came
under fire on Wednesday for sacking the top public prosecutor in
a row over a treason investigation that has exposed tensions
between press freedom and protection of state secrets.

Federal prosecutors have been investigating whether news
website Netzpolitik.org revealed state secrets by publishing
plans to step up state surveillance of online communications in
Germany, a country strongly wedded to press freedom and privacy.

    • About Paul

      "I lead our economic news file from Berlin, where we report on the performance of the German economy – Europe’s largest – and economic policy: everything from financial regulation to dealing with the euro zone debt crisis. I previously reported on political and economic news from Paris and on earlier assignments worked in Frankfurt, Vienna and London."
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