Germany may upgrade its short-range missile-defense capability by adapting the aging Patriot system after its planned successor known as MEADS was dropped on cost grounds, a senior Defense Ministry official said.
Germany’s Social Democrats widened demands on workers’ pay in the last 72 hours of coalition talks with Chancellor Angela Merkel’s bloc, prompting industry fears that the country’s labor-market rules are being unraveled.
German Chancellor Angela Merkel’s top Bavarian ally said her bloc will concede to the Social Democrats’ demand for a minimum wage, signaling the parties will overcome a chief hurdle in talks to form a government.
Chancellor Angela Merkel’s bloc and her prospective Social Democrat coalition ally back leverage limits for banks advocated by the Basel Committee amid opposition from German lenders including Deutsche Bank AG.
German Chancellor Angela Merkel faced down growing frustration in her party over concessions made in coalition talks with the Social Democrats, saying that she’s confident the two sides will strike an accord within days.
German Chancellor Angela Merkel and the Social Democrats deadlocked on labor issues including setting a national minimum wage, jeopardizing their self-imposed deadline of forging a coalition deal in seven days.
The Czech Social Democrats received a green light from President Milos Zeman to form the country’s ninth government in a decade as they struggle to iron out differences over tax policy with their potential partners.