The U.S. and its allies accused Russia of trampling on international law by moving to annex Ukraine’s Crimea region, saying the Kremlin will face stiffer sanctions unless it pulls back troops and enters talks.
Germany’s export-driven economic expansion will slow in 2011 as foreign sales cool and government support programs expire, Anton Boerner , head of the BGA wholesale and export federation, told Bild newspaper.
German Chancellor Angela Merkel’s meeting with French President Nicolas Sarkozy today comes as investors clamor for indications that they will do more to stamp out the euro area’s debt crisis as their economies sputter.
German Chancellor Angela Merkel’s government shouldn’t keep the euro area intact at any price if other countries balk at tough economic revamping, Anton Boerner, the head of the country’s BGA exporters’ lobby, was quoted as saying by Handelsblatt.
Four more years of Chancellor Angela Merkel’s coalition with the Free Democrats would do less damage to German businesses than a coalition of the Social Democrats and the Greens, the BGA exporters’ lobby said.