Sitting in his freshly painted living room as his son plays nearby, Joao Pedro de Souza recounts a peak moment in his life. Last year his family left a shanty in the vast slums of Sao Paulo and moved into this new two-bedroom apartment, with a full kitchen and bathroom.
German Chancellor Angela Merkel’s 8- week-old government suffered its first setback after Agriculture Minister Hans-Peter Friedrich quit over his handling of confidential information in a criminal probe.
German Finance Minister Wolfgang Schaeuble left the door open to banning some financial products as the coalition parties vied to show their determination to clamp down on investments deemed to be risky for consumers.
German Chancellor Angela Merkel’s push for a no-spying pledge by the U.S. is headed for failure amid resistance from President Barack Obama’s administration, her coordinator for trans-Atlantic relations said.
German Chancellor Angela Merkel’s coalition is ready to accept a levy on stock trades as part of a first step toward a European tax on all financial transactions amid resistance to a broader application.
Calls to give the European Parliament more powers over economic adjustment programs in crisis-scarred countries are “extremely dangerous” because they risk weakening the conditions attached to the aid, the leader of Germany’s Free Democrats said.