Angela Merkel
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Depositors drained cash from bank machines in Cyprus on Saturday, soon after European officials said part of a new 10 billion euro bailout must be paid for from the bank accounts of savers.
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PARIS, April 5- Chancellor Angela Merkel's Social Democrat rival in this year's election accused the German leader during a visit to France on Friday of dragging Europe's southern economies into a vicious circle of ruin by insisting on fiscal austerity.
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BERLIN, April 5- German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown was flawed.
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BERLIN, April 1- Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together.
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SEOUL- South Korea will strike back if the North stages any attack on its territory, the new president warned on Monday, as tensions ratcheted higher on the Korean peninsula amid shrill rhetoric from Pyongyang and the U.S. deployment of radar-evading fighters.
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*Germany hits back after getting blame for tough Cyprus deal. BERLIN, March 27- A wave of anti-German sentiment unleashed by the harsh conditions imposed in a 10- billion euro bailout for Cyprus has stung politicians in Berlin and may harden resistance to further euro zone rescue measures in the run-up to a September election.
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*Germany hits back after getting blame for tough Cyprus deal. BERLIN, March 27- A wave of anti-German sentiment unleashed by the harsh conditions imposed in a 10- billion euro bailout for Cyprus has stung politicians in Berlin and may harden resistance to further euro zone rescue measures in the run-up to a September election.
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*Revelation of racist killing spree shocked Germany. BERLIN, March 27- German politicians, media and the country's Turkish community accused a German court of gross insensitivity in failing to guarantee Turkish reporters access to a trial of suspected neo-Nazis blamed for a racist killing spree.
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*Cyprus seals deal for 10- billion euro bailout. NICOSIA, March 25- The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced "very temporary" capital controls to stem a run on the island's banks.
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*Cyprus seals deal for 10- billion euro bailout* Deal to shut Laiki bank, transfer insured deposits* President says capital controls to be "very temporary"* Banks to remain closed until Thursday By Michele Kambas and Karolina Tagaris.
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*Cyprus seals deal for 10- billion euro bailout. NICOSIA, March 25- The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced "very temporary" capital controls to stem a run on the island's banks.
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*Cyprus seals deal for 10- billion euro bailout* Deal to shut Laiki bank, transfer insured deposits* President says capital controls to be "very temporary"* Two biggest banks to remain closed until Thursday By Michele Kambas and Karolina Tagaris.
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The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
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The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
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BERLIN, March 25- Europe's onerous bailout deal for Cyprus has burnished Angela Merkel's reputation as a tough defender of German interests and removed one of the biggest threats to her re-election prospects half a year before voters go to the polls.
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BRUSSELS/ NICOSIA, March 25- Cyprus reached a last-ditch deal with international lenders on a 10 billion euro rescue plan to avoid economic meltdown, agreeing to close down its second-largest bank and inflict heavy losses on big depositors.
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LANGENFELD, Germany, March 25- German Chancellor Angela Merkel said on Monday she was "very pleased" with the outcome of marathon negotiations on a bailout for Cyprus that has averted bankruptcy for the crisis-ridden euro zone member state.
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*Cyprus a "casino economy", says French minister. With Cyprus facing a Monday deadline to avert a collapse of its banking system, Anastasiades met the heads of the European Union, the European Central Bank and the International Monetary Fund to try to craft a deal on a 10 billion euro bailout after a first attempt collapsed last week.
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*Government has difficult task ahead, spokesman says* Island nearing Monday deadline to seal EU bailout* Last ditch Brussels talks delayed by two hours* Faces banking collapse, possible euro zone exit* Cyprus a "casino economy", says French minister By Michele Kambas and Annika Breidthardt.
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BERLIN, March 24- A senior conservative ally of Chancellor Angela Merkel has suggested Germany return to a top income tax rate above 50 percent, setting off a fierce debate within her ruling coalition half a year before the country holds an election.
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NICOSIA, March 23- Cyprus said on Saturday it would tax big savers at its largest bank in a dramatic U-turn as it raced to satisfy European partners and seal an 11th- hour bailout deal to avert financial collapse.