Angela Merkel
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Peter Spiegel, Brussels Bureau Chief at the Financial Times, tells CNBC that if Germany is unwilling to move on banking union, Brussels will be left without any progress.
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BERLIN, May 24- Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.
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BERLIN, May 24- German business morale improved far more than expected in May, rebounding after two months of falls and suggesting Europe's largest economy is slowly picking up speed after a sluggish first quarter. The Munich- based Ifo think tank said on Friday its business climate index, based on a survey of some 7,000 firms, rose to 105.7 in May from 104.4 in April.
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That image problem needs addressing in part because Germany needs to attract foreign workers to make good shortages at home, while the bilateral nature of the initiatives is a measure of its leaders' frustration at the slow pace of the European Commission in taking action to deal with soaring joblessness among the young.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail.
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*Apple, Amazon, Google among corporations in the spotlight. BRUSSELS, May 22- Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful.
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BERLIN, May 22- German opposition parties accused a close ally of Chancellor Angela Merkel of withholding information on a cancelled drone project and squandering hundreds of millions of euros of taxpayers' money four months before an election.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland.
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*German wholesale power is cheaper than in France, Netherlands. LONDON/ FRANKFURT, May 21- German households are paying for ever cheaper wholesale power supplies to industry as the government uses money from soaring domestic bills to subsidise renewable energy, in turn creating overcapacity on the country's grid.
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May 17- In the nearly five years since the worst financial crash since the Great Depression, the remedy for the world's economic doldrums has swung from full-on Keynesianism to unforgiving austerity and back.
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German ECB board member Joerg Asmussen warned on Friday that Europe's largest economy must carry out further reforms to continue to grow.
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"It is my responsibility as the leader of a founder member of the European Union... to pull Europe out of this torpor that has gripped it, and to reduce people's disenchantment with it," Hollande said, casting himself as something of a saviour. "If Europe stays in the state it is now, it could be the end of the project."
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*Germany says can go only so far on banking union under current EU treaty. BRUSSELS, May 14- The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should complete a system to deal with failing banks.
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BRUSSELS, May 14- The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should set up a full banking union, calling for it to be ready by mid-2014 after Berlin declared it wanted a slower pace.
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*Survey finds growing disillusionment with the European Union. BRUSSELS, May 13- Europe's debt crisis has shattered its citizens' faith in the European Union and increased distrust between core nations, although support for the euro currency remains solid, according to a widely watched study released on Monday.
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*Spain's Rajoy says banking union is credibility test for European Union. BRUSSELS/ MADRID May 13- Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced.
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Peter Spiegel, Brussels Bureau Chief at the Financial Times, tells CNBC that if Germany is unwilling to move on banking union, Brussels will be left without any progress.
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After the deadly Bangladesh building collapse, some retailers are sharing information about how their products were made. The NYT reports.
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Bundesbank chief Jens Weidmann said the ECB is still able to take policy action to address the euro zone crisis, a German newspaper reported on Thursday.
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BRUSSELS, May 8- The European Union has imposed provisional duties on India's exports of stainless steel wire to counter dumping that has hurt Italian, German and Spanish producers. The European Union and Asia's third largest economy accuse each other of protectionism and talks towards a free trade pact that started in 2007 have stalled.
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BERLIN, May 8- German industrial output unexpectedly jumped in March, fanning hopes that Europe's top economy is gaining traction after a disappointing end to 2012, helped by higher exports to the euro zone.