LONDON/BERLIN, Oct 17 (Reuters) – Germany sold 4.2 billion
euros of two-year debt on Wednesday, drawing strong demand for
its safe-haven bonds as a rise in yields above zero offset the
impact of Spain retaining its investment grade credit rating.
Moody’s Investors Service kept Spain’s rating at Baa3,
surprising some in the market who had positioned for the country
at the forefront of the euro zone debt crisis to be downgraded
BERLIN, Oct 12 (Reuters) – Mexican President-elect Enrique
Pena Nieto tried on Friday to drum up German interest in his
plans to open up national oil company Pemex to the private
sector, but faced questions from potential investors about drug
violence in his country.
Pena Nieto, who takes office Dec. 1, laid out his plans to
deregulate Mexico’s labour market and change the law to allow
private investment in Pemex at a meeting in Berlin
organised by Deutsche Bank, Germany’s biggest bank.
BERLIN, Oct 11 (Reuters) – Mexican President-elect Enrique
Pena Nieto sought advice on Thursday on how to develop his
country’s renewable energy sector from Germany, a world pioneer
in the sector.
Pena Nieto, who takes office in December, kicked off a tour
of European capitals by discussing clean energy production, the
euro zone crisis and other issues with Chancellor Angela Merkel.
BERLIN (Reuters) – German newspapers attacked “ungrateful” Greeks for the hostile public reception they gave Angela Merkel in Athens and some criticized the chancellor’s generosity for promising they would stay in the euro zone – a message welcomed in Greece.
Pictures of a small group of Greek anti-austerity demonstrators dressed as Nazis, including one with a Hitler moustache waving a swastika, dominated German coverage of Merkel’s first visit to Athens since the sovereign debt crisis began three years ago.
BERLIN (Reuters) – The center-left challenger to German Chancellor Angela Merkel in next year’s elections, former finance minister Peer Steinbrueck, on Friday fended off criticism of his lucrative earnings from speeches, books and company boards.
The nomination of the 65-year-old Social Democrat (SPD) has prompted a slew of criticism of his high earnings outside the Bundestag (lower house) from Merkel’s center-right coalition but also from the SPD’s left wing and from anti-graft campaigners.
BERLIN (Reuters) – Peer Steinbrueck, an abrasive former finance minister, will lead the German Social Democrats’ challenge to unseat chancellor Angela Merkel in a parliamentary election a year from now.
Announcing their “chancellor candidate” some months earlier than expected, the centre-left opposition took Germany by surprise on Friday; Steinbrueck, a combative veteran from the right of the SPD, marked out a campaign theme of tougher rules for banks and a goal of coalition government with the Greens.
BERLIN (Reuters) – Germany’s main opposition Social Democrats (SPD) will nominate former finance minister Peer Steinbrueck as their candidate to challenge Chancellor Angela Merkel in next year’s national election, Bild newspaper reported on Friday.
Bild, citing sources in the center-left SPD, said party chairman Sigmar Gabriel – who was also seen as a potential candidate – would make the announcement on Monday. The paper said on its website that former foreign minister Frank-Walter Steinmeier, the third contender, had pulled out of the contest.
BERLIN, Sept 28 (Reuters) – Germany’s main opposition Social
Democrats (SPD) will nominate former finance minister Peer
Steinbrueck as their candidate to challenge Chancellor Angela
Merkel in next year’s national election, Bild newspaper reported
Bild, citing sources in the centre-left SPD, said party
chairman Sigmar Gabriel – who was also seen as a potential
candidate – would make the announcement on Monday. The paper
said on its website that former foreign minister Frank-Walter
Steinmeier, the third contender, had pulled out of the contest.
BERLIN, Sept 17 (Reuters) – German Chancellor Angela Merkel
warned on Monday against rushing to create a new pan-European
bank supervisor under the roof of the ECB, saying it was more
important to put a credible watchdog in place than to meet
Europe’s self-imposed January deadline.
Speaking at her traditional summer news conference in
Berlin, delayed this year to allow the Constitutional Court to
rule first on Europe’s new rescue fund, Merkel also voiced
support for European Central Bank (ECB) President Mario Draghi’s
decision to buy the bonds of stricken euro states.
BERLIN/KARLSRUHE (Reuters) – Germany’s Constitutional Court is expected to give its approval on Wednesday to the euro zone’s new bailout fund while insisting on guarantees to safeguard German parliamentary sovereignty and limit Berlin’s financial exposure.
Chancellor Angela Merkel remained tactfully quiet as the court kept policymakers and markets on tenterhooks for months, delaying the European Stability Mechanism (ESM) and fiscal compact to check that they comply with German democratic rules.