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Germany seeks stronger global military role
The “Patriot” air defense missile system is presented on December 18, 2012 in Warbelow, northern Germany.
Germany is flexing its muscles to play a stronger military role across the world to terminate the “pacifism” it has pursued in the decades following World War II, an analyst says.
Nicholas Kulish wrote in a The New York Times article on Saturday that the German government is seeking...
Top German Court Approves €500 Billion Eurozone Bailout
Germany’s Constitutional Court has ruled that the €500-billion bailout is legal under German law. The verdict comes as Greece’s coalition government hesitates on the further austerity cuts required by its creditors.
The verdict ruled that the German government will not be liable for sums over 190 billion euros without approval of the Bundestag, and that both houses of parliament would be informed,...
EU and China on verge of solar energy price war?
Employees work on a solar panel production line at a solar company workshop in Hefei, Anhui province, China.
German Chancellor Angela Merkel has called for a frank assessment of a solar panel trade dispute with China. The EU is mulling an anti-dumping inquiry into China after the US took similar action in one of the world’s fastest-developing markets.
“I suggest the European Commission and...
China pledges to buy more EU bonds as crisis deepens
China is considering buying more EU government bonds amid a worsening European debt crisis in order to support its biggest trading partner, according to Chinese Premier Wen Jiabao.
“China is willing, on condition of fully evaluating the risks, to continue to invest in the eurozone sovereign debt market, and strengthen communication and discussion with the European Union, the European Central...
Merkel loses support on handling of debt crisis
German Chancellor Merkel attends a session of German parliament (Bundestag).
Support has sharply declined for German Chancellor Angela Merkel’s decisions regarding the eurozone’s spiraling debt crisis, a survey suggests.
The poll, conducted by YouGov and printed in the Monday edition of Bild newspaper, found only 33 percent in favor of Merkel’s stance, Reuters reported.
The steep erosion in domestic...
Germany approves EU bailout fund
The German parliament has voted in favor of the EU’s permanent bailout scheme and more lenient budget rules. Chancellor Merkel has been criticized with making a U turn in policy, easing borrowing costs on flagging banks without additional austerity.
“Today Germany, with the approval of the fiscal pact and the ESM [European Stability Mechanism] by all parties in both houses of parliament, will...
France and Germany to lock up their borders
Western European countries are preparing the ground for the revision of the Schengen border control and recovery. France and Germany are primarily interested in taking such measures aimed at ensuring the EU’s internal borders. The new French president Francois Hollande, as well as his predecessor, Nicolas Sarkozy, is in favor of strengthening the fight against illegal migration. Enhancement...
Merkel calls for austere Europe, rejects new debt
German Chancellor Angela Merkel left little ground to hope she would abandon or moderate the austerity program for Europe as she warned that growth on new loans would push the EU into deeper crisis.
“Growth through structural reform is sensible, important and necessary,” she said during an address to the German Parliament. “Growth through debt would throw us back to the beginning of the...
Merkel and Hollande clash over EU Debt Crisis
Angela Merkel (left) and Francois Hollande (right)
German Chancellor Angela Merkel and French Socialist Party presidential candidate Francois Hollande have had a war of words over how to handle the European debt crisis.
It is “not for Germany to decide for the rest of Europe”, Hollande, who is the favorite in France’s May 6 run-off election, said on Friday, The Daily Telegraph reported.
He...
German MP: Islam not part of Germany
The parliamentary faction leader of the German Christian Democrats (CDU), Volker Kauder
A leading member of the German parliament’s conservative bloc and an ally of Chancellor Angela Merkel says Islam is not part of the German society.
“Islam is not part of our tradition and identity in Germany and so does not belong in Germany,” Volker Kauder, who heads Merkel’s conservative bloc at...
Merkel to sway China against Iran
German Chancellor Angela Merkel
Despite Beijing’s outright refusal to join the EU and US-sponsored unilateral sanctions on Iran’s oil industry, German Chancellor Angela Merkel has arranged a visit to China to convince the country to reduce Iranian oil import.
A German government source told a news briefing on Tuesday that “It is in German interests that China does not raise its imports...
EU Leaders Warn of Crippling Crisis
German Chancellor Angela Merkel (L), President of France Nicolas Sarkozy (C) and European Commission President Jose Manuel Barroso
Eurozone leaders have used their New Year’s messages to warn of more economic crisis for the year ahead, as many eurozone countries expect recession in 2012.
German Chancellor Angela Merkel said on Sunday she expects more difficulty in 2012, but she does “everything”...
German Debt Exceeds 2 Trillion Euros
German Chancellor Angela Merkel
Newly released figures in Germany indicate that the European country’s debt exceeded two trillion dollars at the end of this year’s third quarter.
According to provisional official data published on Tuesday, Europe’s largest economy had a debt totaling 2.028 trillion euros (USD 2.65 trillion) at the end of the third quarter of this year.
A statement...
Germany tightens the screw on 'isolated' Britain as tensions soar
Talks between Merkel and Cameron lay bare fundamental differences over plan for euro.
An anti-British backlash gathered pace in Germany yesterday as David Cameron and Angela Merkel struggled to disguise the gulf between them on how to tackle the eurozone crisis.
The Prime Minister returned from talks in Berlin with the German leader having made little progress in agreeing emergency action to stop...
Trojan horse of Goldman Sachs digs into eurozone
The German Christian Democratic Union (CDU) chaired by Angela Merkel urged to introduce changed in the Lisbon Treaty and other European agreements stipulating an opportunity for European countries to pull out from the eurozone. The countries would preserve their EU membership in such a move.
Greece has a new government, but it has not led to any positive changes. The problem of the national debt crisis...