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.
Beatrice Weder di Mauro, who made her name by being an expert on debt, can’t collect on one of her own: Nouriel Roubini owes her a bottle of Champagne for a 2012 bet they made about whether Greece would leave the euro. It didn’t, and she won.
The European Central Bank will require large banks to hold an extra capital buffer in the asset-quality review it is scheduled to perform next year, Executive Board member Yves Mersch told Frankfurter Allgemeine Zeitung in an interview published today.
RWE AG, the largest power producer in Germany, rose to a four-month high on a report that European Union Commissioners Joaquin Almunia and Guenther Oettinger are seeking changes to a guaranteed feed-in tariff for renewables.
German Chancellor Angela Merkel’s party allies said a partnership with the environmental Greens is realistic, raising pressure on the Social Democrats as SPD leaders showed signs of compromise on proposed tax increases.