Germany and the EU

Latest business news about Germany and the European Union.

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Bundesbank says will bring home gold reserves — 16 January 2013, 22:44 CET

The Bundesbank has decided to bring home to Germany some of its huge piles of gold ingots stashed away in the United States and France, it said on Wednesday after accusations that it has not kept proper track of the reserves.

Hannover Re hit by 261-million-euro loss from Sandy — 14 January 2013, 15:45 CET

German reinsurance giant Hannover Re said on Monday that it had taken a 261-million-euro ($349-million) hit due to claims from Hurricane Sandy but still expected to reach its annual targets.

Germany urges stepped-up political efforts in Mali — 11 January 2013, 18:48 CET

Germany's foreign minister called Friday for political efforts to be stepped up to resolve the conflict in Mali between government forces and Islamists.

EU must change if it wants Britain as member: Osborne — 11 January 2013, 18:47 CET

Britain's finance minister George Osborne told a German newspaper Friday that the European Union must change the way it deals with its member states if it aims to keep Britain in its ranks.

Merkel says 'no special conditions' for Cyprus bailout — 09 January 2013, 17:33 CET

German Chancellor Angela Merkel said on Wednesday that Cyprus would not be allowed any exceptional terms from its European partners as it seeks a bailout worth 17 billion euros ($22 billion).

Germany plans EUR 5-6 bn in more cuts by 2014: report — 04 January 2013, 13:12 CET

The German government is eyeing 5.0-6.0 billion euros in additional spending cuts in 2014 in a bid to balance the government budget, a newspaper reported on Friday.

EU concerned over German bank regulator: report — 03 January 2013, 13:32 CET

The European Commission is concerned that Germany's banking supervisor could be restricting the free flow of capital to lenders abroad, a newspaper report said on Thursday.

Germany's fabled chimney sweeps to try luck in free market — 30 December 2012, 14:12 CET

The new year will bring big changes to chimney sweep Norbert Skrobek and his tradition-steeped trade, as Germany overhauls the market after years of resistance against pressure from Brussels.

Worst of the euro crisis 'behind us', says German FM — 27 December 2012, 17:50 CET

German Finance Minister Wolfgang Schaeuble said he believes the embattled eurozone is already past the peak of its three-year-long debt crisis, citing positive developments in Greece and France.

Germany warns Britain against 'blackmailing' EU — 23 December 2012, 12:32 CET

German Finance Minister Wolfgang Schaeuble warned Britain in a Sunday newspaper interview against "blackmailing" its EU partners in a bid to bring powers back home from Brussels.

EU clears EUR 1.2 bn for delayed Berlin airport — 19 December 2012, 19:03 CET

The European Commission cleared Wednesday 1.2 billion euros in additional state aid to allow completion of Berlin's long-delayed new airport.

Europe must work hard to maintain welfare system: Merkel — 17 December 2012, 11:00 CET

Europe will have to work "very hard" to maintain its generous welfare system and remain competitive, German Chancellor Angela Merkel said in a newspaper interview Monday.

Bundesbank hits out at ECB's banking supervisory role — 14 December 2012, 16:47 CET

The head of the German central bank or Bundesbank, Jens Weidmann, hit out Friday at the decision by EU leaders this week to make the European Central Bank Europe's new banking supervisor.

France, Germany bury hatchet to nail EU bank deal — 13 December 2012, 22:04 CET

France and Germany, seemingly set on divergent political paths, pulled out all the stops Thursday to lay the symbolic foundation stone towards greater eurozone integration.

Merkel praises EU bank deal, urges payment to Athens — 13 December 2012, 12:02 CET

German Chancellor Angela Merkel on Thursday praised a new EU accord to create a supervisor to oversee banks across the eurozone and urged the release of urgently needed funds for Greece.

Hollande to meet Merkel ahead of EU summit: sources — 13 December 2012, 11:42 CET

French President Francois Hollande and German Chancellor Angela Merkel will hold a meeting Thursday just ahead of the last EU leaders' summit of the year, official sources said.

Merkel praises EU bank deal, urges payment to Athens — 13 December 2012, 10:47 CET

German Chancellor Angela Merkel Thursday praised a new EU accord to create a supervisor to oversee banks across the eurozone and urged the release of urgently needed funds for Greece.

Germany, France praise Greek buy-back despite cost — 12 December 2012, 16:33 CET

Germany and France signalled on Wednesday that a Greek debt buy-back passed a critical bailout test, saying it was "satisfactory" even though it will cost more than expected.

Berlin eyes deal on EU bank supervision — 12 December 2012, 16:36 CET

Germany believes a breakthrough is possible in talks among European finance ministers later on Wednesday on a broader system of banking supervision in Europe, a senior government official said.

Germany wants to cast EU bank supervisor in its own image — 11 December 2012, 21:16 CET

As talks drag on over a proposed EU-wide bank supervisor, Germany, Europe's effective paymaster, seems to be dragging its feet as it seeks to cast the new body in its own image.

ThyssenKrupp posts EUR 4.7 bn annual loss — 10 December 2012, 22:56 CET

German heavy industry giant ThyssenKrupp said on Monday it would not pay any annual dividends after it posted a loss of 4.7 billion euros for the year following a writedown of two loss-making steel plants.

South Stream says undersea construction to begin in 2014 — 10 December 2012, 15:59 CET

Construction of the undersea section of the South Stream gas pipeline linking Russia to European consumers will only begin in 2014, the consortium said Monday after a major ceremony led by President Vladimir Putin launched the project.

German trade surplus shrinks in October — 10 December 2012, 14:19 CET

Germany's trade surplus contracted in October as imports grew faster than exports, official data showed on Monday.

A trio of gas pipelines fight for southern Europe — 07 December 2012, 17:05 CET

Three competing pipelines, South Stream, Nabucco and TAP, have launched projects in the past few years to supply southern Europe with gas from Russia, the Caspian Sea and beyond as Europe seeks to diversify its gas sources:

Putin launches construction of South Stream pipeline — 07 December 2012, 17:03 CET

President Vladimir Putin on Friday launched construction of the long-awaited South Stream pipeline that the Kremlin hopes will pump Russia's gas to Europe while avoiding its unpredictable neighbour Ukraine.