German Chancellor Angela Merkel on Friday called on fellow European countries to slash their deficits, warning that debt is the main threat to the economies of the crisis-hit eurozone.
Chinese Premier Wen Jiabao told German Chancellor Angela Merkel on Friday that Beijing would continue to take "practical action" to support Europe in its battle to resolve its debt crisis.
German Chancellor Angela Merkel Wednesday ruled out a return to the Deutsche mark amid a debt crisis that has led to calls in some quarters for Europe's top economy to ditch the euro.
German Finance Minister Wolfgang Schäuble said on Thursday that the lending capacity of the euro crisis mechanism should be increased, but that the overall size of the fund should remain steady.
Despite revenue windfalls, Germany’s public debt has soared to record levels, with government now owing nearly €22,000 for every man, woman and child in the country.
German Chancellor Angela Merkel moved Wednesday to silence fears of a eurozone break-up, saying that although some members faced tough challenges, Europe's paymaster would not desert them.
Alarm bells are ringing in Berlin as Germany's image suffers across the European Union, where it has increasingly been seen as a bully imposing its views on its partners during the eurozone debt crisis. AFP's Patrick Rahir reports.
A German five-year bond issue on Wednesday was undersubscribed, figures released by the Bundesbank showed, a sign that even Germany's benchmark debt has not been spared by the latest eurozone crisis.
Germany has struck a compromise deal with France to avoid future Greek debt-style crises by toughening the punishment for European Union members who let their deficits spiral, media reported Monday night.
Chancellor Angela Merkel was slapped with a new shock poll result on Friday that showed just one in five voters is happy with her government and – for the first time – a majority hankers for the old “grand coalition.”
German Finance Minister Wolfgang Schäuble wants to meet over the weekend with private German bank directors to encourage them to contribute to a Greek financial rescue plan, a press report said on Friday.
German Chancellor Angela Merkel stressed Friday that aid to Greece was not automatic and depended on Athens producing a credible savings plan and proof that eurozone stability was on the line.
The Free Democrats, Chancellor Angela Merkel’s junior coalition partners, on Tuesday presented a greatly scaled-down tax reform proposal aimed at simplifying Germany’s tax system and providing billions in tax relief.
German Finance Minister Wolfgang Schäuble called for greater integration among European Union member states eventually leading to an “economic government” following the Greek debt-crisis.
German Chancellor Angela Merkel has told Greece's Prime Minister Georges Papandreou that the European Union would do "everything necessary" to preserve eurozone stability, her office said. But a new poll showed Germans oppose a Greek bailout.
Germany's parliament Friday approved a budget for 2010 with a record level of new borrowing, as Europe's top economy seeks to bounce back from the most severe recession since World War II.
The global financial crisis pushed Germany's public debt up 7.1 percent in 2009 to €1.7 trillion ($2.3 trillion), official data showed Thursday, the second sharpest rise since World War II.
Germany and France are moving to curb or even ban the use of certain financial derivatives in the wake of the Greek debt crisis, daily <i>Süddeutsche Zeitung</i> reported Tuesday.
European Central Bank President Jean-Claude Trichet urged the 16 countries using the euro to slash their deficits "in 2011 at the latest," in an interview published Sunday in German tabloid <i>Bild am Sonntag</i>.
The presidents of Germany's five major economic research institutes have increased pressure on the German government over its controversial tax cut plans. They have called on the chancellor to balance the country's books.
Berlin will embark on a major savings programme by the middle of next year to get the nation’s finances back in shape after taking on massive debt to fight the economic downturn, Finance Minister Wolfgang Schäuble said Monday.
More than 90 years after Germany signed the Treaty of Versailles to end the First World War, the country continues to pay off reparations, daily <i>Bild</i> reported on Wednesday.
German Finance Minister Peer Steinbrück warned on Wednesday that the next government after September’s general election would have to contend with a “mammoth” problem of mounting debt.
