Failure to reach a U.S.-German “no spy” accord in response to reports Chancellor Angela Merkel’s mobile phone was tapped would be “unacceptable” and risks harming ties between both allies, a top German official said.
Wolfgang Bosbach, chairman of the domestic affairs committee in Germany’s lower house of Parliament, or Bundestag, said Greece should leave the euro region to overhaul its economy, WirtschaftsWoche reported, citing an interview.
Wolfgang Bosbach, chairman of the domestic affairs committee in Germany’s lower house of Parliament, or Bundestag, said the permanent rescue mechanism is a step toward a European transfer union, Rheinische Post reported, citing an interview.
Germany summoned the U.S. ambassador to the Foreign Ministry over reports Chancellor Angela Merkel’s mobile phone was monitored by U.S. spy agencies as European Union leaders prepared to discuss tighter data protection.
Wolfgang Bosbach, head of the German parliament’s interior-affairs committee from Chancellor Angela Merkel’s Christian Democrats, said he “can’t imagine” that the next bailout tranche of 8 billion euros ($11 billion) for Greece will be disbursed without assurances that the country meets its commitments under the aid plan.
Wolfgang Bosbach, a German politician from Chancellor Angela Merkel’s Christian Democratic Union, said continued aid payments to Greece depend on the country’s meeting its commitments, Bild-Zeitung reported, citing an interview.
Deutsche Bank AG Chief Executive Officer Josef Ackermann abandoned a plan to become supervisory board chairman in 2012 because Europe’s debt crisis hasn’t given him the time to win shareholder support.
Josef Ackermann, a beacon of corporate Germany as chief executive officer of Deutsche Bank AG for the last nine years, may become the first top manager to skirt rules the lender espoused to toughen management supervision.
Germany’s Social Democratic Party is stepping up its attacks on Chancellor Angela Merkel’s response to the U.S. surveillance scandal, as the opposition spots a campaign opportunity to turn around its electoral fortunes.