Christian Democrat News
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Chancellor Angela Merkel is drawing fire from Germany’s banks for pushing through regulation they say is rushed and meant to appeal to voters more than lenders.
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Incomes in Germany have been more evenly distributed than in other big European Union countries since the start of the financial crisis, the Organization for Economic Cooperation and Development said.
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Time may be running out for Alenka Bratusek, the Slovenian prime minister who is resisting a bailout as global bond markets put her on the front lines of Europe’s debt crisis.
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Giulio Andreotti, the seven-time Italian prime minister whose legacy was marred by an indictment for collusion with the Mafia, has died. He was 94.
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Chancellor Angela Merkel praised Denmark as a German ally in talks on the European Union’s budget and expressed regret that Germany’s northern neighbor hasn’t joined the euro area.
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French Finance Minister Pierre Moscovici declared the era of austerity over after his German counterpart offered flexibility on deficit cutting amid renewed bickering between Europe’s two biggest economies.
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German Chancellor Angela Merkel said the economy can’t afford tax increases that the two opposition parties proposed in their platforms for Sept. 22 elections.
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Germany’s Free Democratic Party backed the euro and rejected tax increases, aligning its election platform with Chancellor Angela Merkel in a bid to stay her junior coalition ally for four more years.
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Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
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Germany’s top trade unionist, Michael Sommer, looked out on a May Day crowd of workers and told them that a proposed labor flexibility plan wouldn’t create a single job.
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