Angela Merkel

China, Germany discuss Ukraine crisis

Xi Jinping, Angela MerkelBeijing, March 10 - Chinese President Xi Jinping and German Chancellor Angela Merkel Sunday discussed their bilateral relations and the Ukraine crisis over phone.

Xi said that as the current situation in Ukraine is very complicated and highly sensitive, various factors should be taken into consideration in the handling of the crisis, Xinhua reported.

He called on all parties concerned to exercise restraint and seek a political solution through dialogue and negotiations within the framework of law and order, so as to avoid further escalation of the situation.


Merkel asks for chance to keep Germany strong

Angela-MerkelBerlin, Sep 22 : Chancellor Angela Merkel has asked voters to keep her in office for four more years and enable her to ensure Germany remains a "country that is respected in Europe and defends its rights in the world".

In her last big campaign rally ahead of Sunday's election, Merkel touted her administration's successes and pledged her continued commitment to Europe.

She, however, said Germany's solidarity with its neighbours will always come "with conditions".


India, Germany hold inter-governmental talks

Angela-Merkel-Manmohan-SinghBerlin, April 11 : India and Germany Thursday held the second inter-governmental talks to explore possible areas of cooperation.

Prime Minister Manmohan Singh is co-chairing the delegation level talks along with German Chancellor Angela Merkel.

External Affairs Minister Salman Khurshid, Commerce Minister Anand Sharma, Renewable Energy Minister Farooq Abdullah, Human Resource Development Minister M. M. Pallam Raju and Science and Technology Minister S. Jaipal Reddy are taking part from the Indian side.

Seven German ministers are assisting Merkel at the talks.


Merkel encourages Greece to continue along path of reforms

Angela-MerkelGerman Chancellor Angela Merkel has urged all eurozone countries, particularly Greece, to stick to program of reforms to fight back persistent recession.

As Merkel began discussions with French President Francois Hollande, she said, “It is important for me that we all stick to our commitments ... but I will encourage Greece to continue along its path of reforms.”

However, she added that she could not take further decisions on whether the recession-hit Greece could stay in the 17-country euro block before getting the much-awaited report by Greece's international creditors on Athens' progress on reforms.


Indian Market Closes Positive; HUL Touches 52-week High

Indian Market Closes Positive; HUL Touches 52-week HighIndian Stock market closed positive on Friday with BSE Sensex gaining 126 points at 17,783 and NSE Nifty closing at 5366. During the week, the stock markets have been positive and technical experts are seeing 5400 as major resistance for NSE Nifty. Among various sectors, BSE Auto, Consumer Durables, BSE FMCG and BSE IT indices closed positive.

FMCG major HUL touched 52-week high today. The stock touched high of Rs 505.45 and close at Rs 503, registering gain of Rs 9. Among technology stocks, Infosys, TCS, Mahindra Satyam and Tech Mahindra were among major gainers.


Merkel delays German ratification of European fiscal pact

Merkel delays German ratification of European fiscal pactGerman chancellor, Angela Merkel has announced her decision to delay the ratification of European fiscal pact by the German government.


IT sector firms prepare for difficult year ahead

IT sector firms prepare for difficult year aheadThe Indian Information Technology firms are bracing themselves for a difficult year ahead due to the ongoing debt crisis in the European countries as well as policies in the US states that discourages outsourcing by firms.

Europe is the biggest market for the Indian software firms after the US. Service orders from the region are expected to be low in the coming quarters due to the prolonged debt crisis in the Euro zone countries.


Europe moves together in times of crisis

The European leaders have come together in times of Europe's worst financial crisis in generations while the UK has been pusher to a corner.

German Chancellor Angela Merkel and French President Nicolas Sarkozy succeeded in persuading all the members of the union except the UK to endorse a new agreement involving tighter fiscal rules.

Leaders of the member states of the European Union have agreed on much tougher rules government their budgets in order to control the economic crisis in the region.

Following hours is discussions among the leaders; they agreed to work towards a new "fiscal compact". The member states will now work under tougher deficit and debt regime in the eurozone amid growing threats from the debt crisis.


EU leaders agree on tougher budget rules for the eurozone

EU leaders agree on tougher budget rules for the eurozoneLeaders of the member states of the European Union have agreed on much tougher rules government their budgets in order to control the economic crisis in the region.

Following hours is discussions among the leaders; they agreed to work towards a new "fiscal compact". The member states will now work under tougher deficit and debt regime in the eurozone amid growing threats from the debt crisis.


Euro rises amid new proposals

Euro rises amid new proposalsThe Euro rose slightly against the dollar after following hints that the proposal to channel European Central Bank loans through the International Monetary Fund could bring in 200 billion euros for resolving the debt crisis in the Eurozone.

The new government in Italy has put forward to cut its deficit before a European summit to help resolve the debt crisis. The euro rose 0.1 percent to $1.3404 from $1.3391 on Dec. 2, when it had recorded a growth of 1.2 percent n the week.


German Chancellor proposes sharp budget cuts

German Chancellor proposes sharp budget cutsAccording to the official reports, German Chancellor Angela Merkel on Monday revealed plans to trim government spending in an effort to save almost $100 billion by 2014.

Deutsche Welle has reported that the plan calls for phasing in the cuts with a savings of $12.4 billion next year.

Exceeding expectations, the proposed cuts call for spending reductions of $20.3 billion in 2012, $30.6 billion in 2013 and $38.6 billion in 2014.

The cuts do not change pension rates in Germany or alter plans to reform healthcare, Merkel has said.


German Chancellor begs President to remain in office

German Chancellor begs President to remain in officeDer Spiegel reported on Tuesday that German Chancellor Angela Merkel begged President Horst Kohler to remain in office instead of submitting his resignation.

Giving Merkel, only 2 hours notice, Kohler stepped down on Monday. It had learned Merkel warned him his decision, even though the presidency has little power, could cause public questioning about German institutions, Der Spiegel has said.


Need to control swaps, says German Merkel

George-Papandreou-Angela-MerkelIn her meeting with Greek Prime Minister George Papandreou, German Chancellor Angela Merkel lauded the austerity efforts of the former and shifted the focus saying Greece doesn't need financial aid.

Merkel instead expressed her desire to restrict the use of derivatives that exploit a nation's budget deficits, in this case Greece.


Greece won't hurt Euro

Angela-MerkelAccording to the German Chancellor Merkel, she, along with other leaders from European Union, will make sure that the Greek debt crisis doesn't come into the way to stability for the euro, not even in the coming future.

After the discussions with the Greek Prime Minister George Papandreou, the German chancellor paved the way to comprehend the discussion on Athens to initiate the reforms process, as soon as possible.

However, nations like Ireland have already been to the rough and bumpy roads along with Germany on its side trailing a little late.


Greece unveils ‘convincing’ measures, but no aid yet

Angela-MerkelFurther austerity measures unveiled by Greece have won the confidence of its EU counterparts, but any sort of financial assistance is still a 'mirage' for the Debt-stricken country. German Chancellor Angela Merkel will meet the George Papandreou tomorrow, but made it clear that that the talks will focus on Greece's fiscal prudence and certainly not about any aid commitments.

Wolfgang Schaeuble, German Finance minister, however was hopeful that the recent deficit-reduction measures proposed by the Greek Prime minister were sufficient to persuade investors to buy Greek bonds. The measures are "convincing," the European Central Bank said.


Merkel demands movement from India and China on climate

Merkel demands movement from India and China on climateMainz (Germany), Dec 7: German Chancellor Angela Merkel called Monday for movement by India and China at the world climate summit.

Speaking in a special news broadcast on Germany's ZDF public television, she said big emerging economies had not offered enough.

"India and China in particular must offer more," she said, noting that the US had already accepted the objective of limiting global warming to 2 degrees Celsius by 2050.


Merkel says Germany to help Brazil stage the Olympics

Merkel says Germany to help Brazil stage the OlympicsBerlin, Dec 3 :Germany is to assist Brazil in staging the 2016 Summer Olympic Games, according to German Chancellor Angela Merkel after a meeting in Berlin Thursday with visiting Brazilian President Luiz Inacio Lula da Silva.

The Germans are to provide similar help in getting Brazil ready for the 2014 Football World Cup in Brazil.

Germany is Brazil's principal trading partner in Europe, with two-way trade worth nearly 18 billion euros (27 billion dollars).


Merkel defends tax cuts plan

Merkel defends tax cuts plan Berlin - German Chancellor Angela Merkel defended Saturday her new government's plans to cut taxes - rejecting a warning by the government's panel of economic advisers that it would achieve little.

She told the Frankfurter Allgemeine Zeitung "We knew from the start that tax cuts would not be 100-per-cent self-financing."

Merkel was referring to the argument that tax cuts stimulate economic activity, thus leading to higher state revenues.


Merkel defends tax cuts plan

Merkel defends tax cuts planBerlin - German Chancellor Angela Merkel defended Saturday her new government's plans to cut taxes - rejecting a warning by the government's panel of economic advisers that it would achieve little.

She told the Frankfurter Allgemeine Zeitung "We knew from the start that tax cuts would not be 100-per-cent self-financing."

Merkel was referring to the argument that tax cuts stimulate economic activity, thus leading to higher state revenues.


Merkel to commemorate Armistice Day with Sarkozy in Paris

Merkel to commemorate Armistice Day with Sarkozy in ParisParis - Chancellor Angela Merkel is traveling to Paris Wednesday to commemorate the soldiers who fell in World War I - the first ever German head of government to do so.

On Monday, French President Nicolas Sarkozy had traveled to Berlin to celebrate the 20th anniversary of the fall of the Berlin Wall with the German chancellor.

Sarkozy and Merkel will together place a wreath at the Tomb of the Unknown Soldier, under the Arc de Triomphe, and each of the leaders is scheduled to deliver a brief address.


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