Kurt Beck News
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Chancellor Angela Merkel’s government agreed to underwrite the debt of Germany’s states, backing a form of burden-sharing that she is resisting at the euro-area level to combat the financial crisis.
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Chancellor Angela Merkel agreed to share borrowing costs with Germany’s states to help ease their budget squeeze, completing a deal the opposition said will help secure German ratification of the European Union’s fiscal pact.
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The leaders of Germany’s 16 states put back a decision on online gambling to October, said Kurt Beck , the prime minister of Rhineland-Palatinate.
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Kurt Beck, the premier of Germany’s Rhineland-Palatinate regional state, plans to step down this month, Tagesspiegel reported, without saying where it obtained the information.
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German Chancellor Angela Merkel ’s coalition was defeated in its southwestern heartland and failed to win control of a second state as the anti-nuclear Greens vote surged to a record, forcing her to reassess energy policy.
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General Motors Co. will have to go to the four German states home to Opel’s factories for money to reorganize the unprofitable unit, said Chancellor Angela Merkel as she reiterated that Germany won’t provide federal aid.
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Germany’s opposition Social Democrats will press Chancellor Angela Merkel to let the upper house vote on her plan to phase out nuclear power, Handelsblatt said, citing Rhineland-Palatinate state premier Kurt Beck .
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Germany’s Social Democrat-run states may withhold support for a draft bank rescue fund amendment unless the fees paid by lenders are raised, Handelsblatt reported, citing regional leaders.
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German Chancellor Angela Merkel ’s Christian Democratic Union was fined 1.2 million euros ($1.6 million) for breaching party donation rules, adding to the CDU’s difficulties as it prepares to fight seven state elections.
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German Chancellor Angela Merkel and French President Nicolas Sarkozy suffered setbacks in state and local elections that risk undermining the remainder of their terms leading Europe’s two largest economies.
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