The Local Germany

'Germany must give Greece more help'

Tue, 27 Aug 2013 16:45:00 +0200

Less than a month before German elections, the eurozone crisis has entered the campaign battle, giving the opposition badly needed ammunition for an attack against Chancellor Angela Merkel who is riding high in the polls.

Germany approves Cyprus bailout package

Thu, 18 Apr 2013 15:34:00 +0200

The German parliament approved an international bailout package for stricken eurozone member Cyprus by a large majority on Thursday.

Anti-euro party aims to tip German election

Mon, 15 Apr 2013 12:17:00 +0200

The new anti-euro party Alternative for Germany (AfD) could tip the balance in the upcoming election regardless of whether it makes it into the Bundestag, according to a prominent German political expert.

Germany rejects footing bigger Cyprus bailout

Fri, 12 Apr 2013 17:08:00 +0200

Germany on Friday said the amount of a eurozone bailout for Cyprus would not rise, after the debt-laden island state's president said he would appeal for extra assistance.

Schäuble: Cypriot anger at Germany will pass

Thu, 28 Mar 2013 15:01:00 +0100

German Finance Minister Wolfgang Schäuble said Thursday that he understood Cypriot anger over the tough terms of its international bailout but said it would fade eventually.

Merkel warns of limits to EU patience for Cyprus

Fri, 22 Mar 2013 13:08:00 +0100

German Chancellor Angela Merkel has warned that the patience of Cyprus's European partners on efforts to secure an international bailout has its limits, lawmakers of her coalition parties said Friday.

Merkel blamed for Cyprus bailout 'disaster'

Wed, 20 Mar 2013 11:52:00 +0100

German Chancellor Angela Merkel on Wednesday said the eurozone had a "duty" to work with Cyprus to resolve the island's banking crisis, as the German opposition blamed her for the "disastrous" rejection of the EU's bailout package.

Merkel to Cyprus: 'Talk to Troika not Russia'

Tue, 19 Mar 2013 13:01:00 +0100

German Chancellor Angela Merkel stressed in a phone call with the president of Cyprus that his country hold talks only with international creditors on its bailout deal and not third parties like Russia, a government spokeswoman said on Tuesday.

Germany: Cyprus must finance EU bailout

Mon, 18 Mar 2013 11:17:00 +0100

It was up to the Cyprus government how it chooses to finance the terms of a tough EU bailout deal, which should have a "calming effect" on the crisis-wracked eurozone, Germany said Monday.

Commerzbank boss sees wages soar despite debts

Tue, 02 Oct 2012 11:46:00 +0200

The chief executive of Germany's second biggest bank, Commerzbank, which is still a quarter state-owned after a bail-out, admitted to a parliamentary committee he has more than doubled his salary despite the continuing debt.

Finance Minister: Spain stronger than its debt

Wed, 25 Jul 2012 10:11:00 +0200

German and Spanish finance ministers sought to contain fears for the eurozone on Tuesday, saying that Spain's soaring borrowing costs did not correspond to its economic strength or the "sustainability of its public debt."

Protestors form human chain against banks' power

Sat, 12 Nov 2011 15:00:00 +0100

Thousands of demonstrators in Berlin and Frankfurt gathered on Saturday to protest against the continuing power of the banks. In the capital, protesters assembled to form a human chain.

Berlin urges Finland to back euro consensus

Mon, 18 Apr 2011 17:19:00 +0200

In the wake of the Eurosceptic Finnish party True Finns’ electoral gains at the weekend, Germany has urged the Scandinavian country to abide by European Union resolutions on the bloc's common currency.

Euro at stake in Ireland bailout, Schäuble says

Tue, 23 Nov 2010 17:29:00 +0100

Germany's finance minister said on Tuesday the fate of the shared European currency was on the line in the proposed bailout of debt-stricken Ireland.

Merkel lauds Spain's reforms amid bailout talk

Thu, 17 Jun 2010 10:00:00 +0200

Germany's Angela Merkel has praised Spain's ongoing efforts to slash its deficit and reform its economy, as reports circulate that Madrid is preparing to ask for a bailout.

Hypo Real Estate needs five years to pay off state aid

Mon, 05 Oct 2009 17:30:00 +0200

Troubled German property financier Hypo Real Estate (Hypo RE) will need until 2015 to repay about €100 billion of state aid, chief executive Axel Wieandt said Monday.

Berlin approves public 'bad bank' bill

Wed, 10 Jun 2009 15:36:00 +0200

The German cabinet approved draft legislation Wednesday that would take risky assets from state-owned regional banks and group them in a "bad bank" in exchange for a serious slimming down of the Landesbanken.

Metro aims to take over bankrupt Arcandor

Wed, 10 Jun 2009 12:28:00 +0200

Germany top retailer Metro wants to snap up distressed rival Arcandor and possibly list a new group on the stock exchange, Metro boss Eckhard Cordes said on Wednesday.

Retailer Arcandor in talks with rival Metro about possible tie-up

Sun, 07 Jun 2009 15:54:00 +0200

Stricken German retail giant Arcandor held talks on Sunday with rival Metro over a possible merger of their department store chains, after hopes of government aid looked dim, an Arcandor spokesman said.

Merkel: Germany facing worst crisis since 1945

Wed, 11 Mar 2009 09:45:00 +0100

Chancellor Angela Merkel on Wednesday warned Germany was facing the worst economic crisis since 1945, but said the country was in better position than most to cope.