Germany
Deutsche Bank and the global financial crisis
Deutsche Bank’s shares plunged to record lows this week, sparking talk of a government bailout to avert a new financial crash. The turmoil surrounding Germany’s biggest bank demonstrates that all of the contradictions of the global financial system that led to the meltdown of 2008 are once again erupting. Now, however, these contradictions are fuelling
The Coming European Debt Wars
The mortgage debts in post-Soviet economies and Iceland are more explosive. Although these countries are not in the Eurozone, most of their debts are denominated in euros. Some 87% of Latvia’s debts are in euros or other foreign currencies, and are owed mainly to Swedish banks, while Hungary and Romania owe euro-debts mainly to Austrian banks. So
More than 160,000 join German trade deal protest
More than 160,000 demonstrators thronged seven major cities across Germany on Saturday in protest over a massive transatlantic trade deal, dealing a new blow to the disputed accord.
EU Starves Greece To Force Sell Off
But Greek Prime Minister Alexis Tsipras was holding a simultaneous meeting of southern EU leaders in Athens, seeking French and Italian support for an “anti-austerity front” designed to challenge Germany. Years of privatisation and cuts have reduced the size of the Greek economy by more than a quarter and seen national debt soar
Steinmeier calls for returning Russia to G8
"The conflicts in Syria and Ukraine demonstrate our interest not to exclude Russia from close cooperation between the world’s leading economies," the minister said in an interview posted on the website of the German Publishers Association on Aug. 31.
The TTIP is Dead
Negotiations started in 2013. Aafter 14 ‘rounds’ of talks dealing with 27 points, no agreement has been reached, none whatsoever, leading to the conclusion that the deal is dead. Even though Mme. Merkel defended the treaty with all her heart up to the end of July 2016, both Germany and France now request a definite end to the negotiations.
Germany and Trump
German corporations with operations in the US reacted somewhat differently. As Die Welt reports, notable large concerns from Germany gave more than two-thirds of their election donations to the Republicans, and thus to Trump; above all BASF, Allianz, Siemens and Deutsche Bank.
Germany’s Renewed Nationalism
After decades of feeling ashamed of the past, Germans are slowly beginning to take pride in their history and long list of achievements. Its authors are celebrated, German songs are gaining popularity on the airwaves—and its economy is thriving as other nations struggle. An assertive and confident Germany is boldly speaking on the world stage—and others are
Nationalists overtake Merkel’s party in German state vote
A nationalist, anti-immigration party performed strongly in a state election Sunday in the region where German Chancellor Angela Merkel has her political base, overtaking her conservatives to take second place amid discontent with her migrant policies.