The German government has deferred a decision on granting Russian export licenses to Airbus Group NV’s defense and space arm after Vladimir Putin’s annexation of Crimea, two people familiar with the negotiations said.
German Finance Minister Wolfgang Schaeuble and state officials today agreed on a plan to allow tax relief on the interest banks will pay on the extra capital they need in the future to meet stricter leverage standards.
Chancellor Angela Merkel’s cabinet backed changes to Germany’s clean-energy law to try to slow gains in power prices already the second-highest in the European Union and reduce dependence on fossil fuels.
Germany’s coalition and the Verdi union yesterday secured a pay deal for government workers that may prompt similar demands in other sectors and add to industry concern about the rising costs of investing in the country.
Chancellor Angela Merkel may ease proposed cuts in aid for wind power as she seeks to win backing for her green-energy plans from German states concerned about job losses, a state premier involved in the talks said.
U.K. Prime Minister David Cameron’s push to reclaim European Union powers goes too far for Germany and won’t win support in other EU countries, said Edmund Stoiber, the former Bavarian premier whose party rules in coalition with Chancellor Angela Merkel.