The Local Germany

Merkel meets Macron halfway on eurozone reforms

Sun, 03 Jun 2018 14:45:14 +0200

German Chancellor Angela Merkel delivered a long-awaited answer to French President Emmanuel Macron's ambitious call for European Union reforms Sunday, offering olive branches on investment and help for debt-mired eurozone member states.

'Unusually tough' Greece talks ahead: Schäuble

Tue, 14 Jul 2015 18:21:42 +0200

Finance Minister Wolfgang Schäuble said at a meeting in Brussels on Tuesday that talks to unlock a third financial aid package for Greece would be “unusually difficult”, with little room for manoeuvre around strict European rules.

Top German court: euro bailout fund is kosher

Tue, 18 Mar 2014 12:41:00 +0100

Germany's highest court ruled on Tuesday that the European bailout fund, the ESM, was in line with the country's constitution, throwing out numerous objections by eurosceptics.

Euro rescue of €2 trillion 'an illusion'

Mon, 24 Sep 2012 18:10:00 +0200

Germany on Monday dismissed as "completely illusory" a press report suggesting that the eurozone's bailout fund could be leveraged up by a factor of four to around €2 trillion euros ($2.6 trillion).

Relief across Europe at German ESM decision

Wed, 12 Sep 2012 18:08:00 +0200

EU leaders and analysts expressed relief, and financial markets lifted, on Wednesday after the German Constitutional Court cleared the way for the launch of a bailout fund and debt brake.

Constitutional Court approves euro rescue

Wed, 12 Sep 2012 12:29:00 +0200

The eurozone cleared a key hurdle towards resolving its debt crisis Wednesday as Germany's top court approved a new European firewall for ratification, with some minor conditions.

Euro rescue sparks biggest court challenge

Wed, 05 Sep 2012 08:38:00 +0200

Germany's contribution to the European Stability Mechanism (ESM) is being challenged by the biggest constitutional complaint in the country’s history, with around 37,000 people asking the Constitutional Court to stop it.

Constitutional Court mulls euro bailout fund

Tue, 10 Jul 2012 13:56:00 +0200

Germany’s Constitutional Court began considering the permanent euro bailout fund on Tuesday - while politicians have been so openly pushing for a positive verdict, the justice minister told them to stop.

German named head of permanent bailout fund

Tue, 10 Jul 2012 10:34:00 +0200

Germany's Klaus Regling, head of the eurozone's temporary EFSF bailout fund, has been named to run its permanent successor, the European Stability Mechanism, the 17-nation group said Tuesday.

Germany approves euro-crisis fighting tools

Sat, 30 Jun 2012 12:40:00 +0200

The German parliament has overwhelmingly approved two euro-crisis fighting tools rallying to a call by Chancellor Angela Merkel to show the world Germany's commitment to the single currency.

Merkel's bailout fund hits 'stumbling block'

Fri, 22 Jun 2012 14:21:00 +0200

Germany's President said on Thursday he would delay signing the EU fiscal pact and new bailout fund until the top court has examined a legal challenge. The Local’s media roundup looks at how newspapers interpreted the move.

Germany to double first euro fund contribution

Tue, 20 Dec 2011 09:26:00 +0100

Germany’s first contribution to the eurozone’s rescue fund is likely to be double the amount previously expected at €8.6 billion, daily Die Welt reported on Tuesday.

Euro-rebels fail to derail FDP in high-stakes vote

Fri, 16 Dec 2011 16:40:00 +0100

Rebels in German Chancellor Angela Merkel's coalition partner, the Free Democratic Party (FDP), failed Friday to win party backing in opposing the eurozone's permanent bailout fund, much to the relief of leader Philipp Rösler.

FDP rebels force party member vote on euro rescue plans

Wed, 05 Oct 2011 10:23:00 +0200

Angela Merkel’s junior coalition party, the Free Democrats (FDP), is being forced by its members to take an internal referendum on whether to oppose Germany’s involvement in measures to rescue the euro.