German opposition lawmakers stepped up pressure on President Christian Wulff to resign after prosecutors signaled their readiness to start a formal investigation into allegations he accepted illicit favors.
Polish President Lech Kaczynski and his wife were remembered at a Mass celebrated in the country’s ancient capital of Krakow as the presidents of the country’s two historic enemies, Germany and Russia, braved volcanic ash to pray together and hear a call for reconciliation.
German lawmakers approved their country’s share of a $1 trillion euro-region bailout in a vote today, allaying market concern that they would balk at approving a second emergency aid package in as many weeks.
German lawmakers approved loans of as much as 22.4 billion euros ($28.5 billion) for cash-stricken Greece, strengthening Chancellor Angela Merkel ’s hand as she pushes European allies to be tougher on profligate partners.
German stocks fell for a fourth day, with the DAX Index posting its biggest single-day decline since July, after U.S. shares yesterday tumbled the most in a year as computerized trading exacerbated a selloff triggered by Europe’s debt crisis.
French Finance Minister Christine Lagarde is cementing her status as the front-runner to head the International Monetary Fund , arousing concerns among emerging- market nations about a rush to judgment in filling the job.
Chancellor Angela Merkel ’s candidate for the German presidency, Christian Wulff , failed to get enough votes to win the post in a second round, as delegates used the secret ballot to signal their frustration with her coalition.