Germany and France will announce joint proposals this month to address Europe’s soaring youth unemployment, the Labor Ministry in Berlin said, confirming a newspaper report of a planned “New Deal for Europe.”
Siemens AG dropped to the lowest in almost seven weeks after Chief Financial Officer Joe Kaeser said underperforming rail technology and offshore wind projects will result in additional charges and dent quarterly earnings.
Siemens AG’s underperforming rail technology and offshore wind projects will result in additional charges that will dent earnings in the second quarter, according to Chief Financial Officer Joe Kaeser.
Michael Meister, the deputy floor leader of German Chancellor Angela Merkel’s Christian Democratic Union party, urged Spain to seek aid from the European Financial Stability Facility as quickly as possible, Rheinische Post said.
German lawmakers will probably extend their current session into July to vote on Spain’s request for European Union aid to its banks, the Rheinische Post said, citing Hermann Otto Solms, the deputy president of the lower house of parliament, or Bundestag.