The Bundestag has thrown its support behind German Chancellor Angela Merkel's plan to strengthen the eurozone's €440-billion fund as she heads to Brussels for a crunch EU summit on Europe's sovereign debt crisis.
European Union governments must not be allowed to decide European Central Bank (ECB) action at Wednesday’s summit on the eurozone debt crisis, Chancellor Angela Merkel said on Tuesday.
The German financial watchdog BaFin has ordered insurers to disclose the exact amount of their financial investments with banks by next month, the <i>Financial Times Deutschland</i> reported Monday.
Eurozone crisis talks in Brussels over the weekend took small steps towards agreement, it emerged on Monday morning, as negotiations continued to put details to Germany’s parliament by the end of the day.
Chancellor Angela Merkel has told her party there will likely be an increase in the write down of Greek debt, while trying to play down reports of disagreements with France over the European debt crisis.
French President Nicolas Sarkozy and German Chancellor Angela Merkel will meet Saturday to prepare a "global and ambitious answer" to the eurozone crisis ahead two key EU summits, they said in a statement issued in Paris.
Germany’s governing coalition on Thursday agreed to modest tax relief starting in 2013 after Finance Minister Wolfgang Schäuble and Economics Minister Philipp Rösler announced plans to adjust tax brackets for inflation.
The eurozone crisis will hit Germany hard next year with growth expected to be dramatically lower than previously thought, the government said on Thursday.
Deutsche Bank has invested almost $5 billion in casinos in Las Vegas, almost as much as its exposure to Greece, Italy, Ireland, Spain and Portugal put together, a British newspaper report said.
The head of Germany's biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of the global banking lobby, a newspaper reported Monday.
Credit rating agency Fitch has downgraded two German banks and is conducting a comprehensive review of other banks, including Deutsche Bank, with a view to reducing their ratings too.
Recapitalising Europe's banks will not solve the eurozone's current debt crisis, the only way is to restore confidence in the solidity of countries' public finances, Germany's top banker said on Thursday.
The eurozone debt crisis will have a major impact on Germany next year, the country's leading economic institutes said on Thursday, with Europe's top economy likely to only narrowly escape recession.
The government said on Tuesday that Germany's economy will likely slow later this year due to the impact of the eurozone debt drama, in a stark warning that the crisis is hitting even Europe's strongest economy.
The head of Germany's banking federation has announced that banks should accept the 21-percent loss on Greek debt repayment before further measures are discussed to ease the eurozone crisis.
Germany's state development bank KfW has claimed back 50 Siemens trains leased to Bulgaria's state railways company BDZ over delayed payments and an insurance row, a press report said on Friday.
The German government continues to be shaken by the insistence of junior coalition partner the Free Democratic Party openly talking about the possibility of a Greek default in the euro crisis.
German officials rushed on Monday to calm highly stressed markets, insisting Greece should stay in the eurozone, amid rising alarm that Germany is losing patience with being the bailout paymaster.
European Central Bank chief economist Jürgen Stark resigned in a shock announcement Friday, sending the euro and European stock markets into freefall as fears about the debt crisis deepened.
Günther Oettinger, Germany’s EU commissioner, suggested Friday that the flags of EU countries breaking debt and deficit rules could be flown at half mast outside the bloc's institutional buildings. He also said European civil servants could take over Greece's public administration.
German Finance Minister Wolfgang Schäuble on Thursday warned of "worrying news" coming from the eurozone and said Greece must fulfil the conditions required if it wants more help to combat its debt crisis.
The eurozone avoided a nightmare scenario after Germany's top court authorised bailouts, but caveats imposed by the judges risk limiting the bloc's options to resolve the debt crisis, analysts say.
