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Politics Angela Merkel

  • BERLIN-- German Chancellor Angela Merkel is endorsing a proposal for a top European Union official to be given the power to veto member countries' budgets, and is suggesting the bloc could set up a fund to finance projects in struggling countries. Merkel addressed Germany's Parliament ahead of an EU summit starting Thursday.

  • BERLIN-- A top German government official on Wednesday dashed hopes of swift progress on strengthening Europe's financial sector, saying this week's summit of the bloc's 27 leaders won't make any final decisions on setting up a single banking supervisor.

  • When Will Spain Pop the Question?

    Germany seems to be thawing toward Greece, but what this means for the euro is complicated. And then there's Spain.

  • PARIS-- The pace at which countries like Greece and Spain cut their deficits with austerity measures must depend on their economic conditions, International Monetary Fund Managing Director Christine Lagarde said Tuesday.

  • BERLIN-- German Chancellor Angela Merkel on Tuesday defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to overhaul and speed up the transition plan.

  • Euro Zone Faces 'Winter of Discontent': Pro

    Europe faces a winter of discontent as austerity cripples southern Europe and heightens public anger over measures taken to soothe policymakers in Brussels, Alastair Newton, Senior Political Analyst at Nomura told CNBC Tuesday.

  • BERLIN-- German Chancellor Angela Merkel on Tuesday defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to overhaul and speed up the transition plan.

  • NO NUKES: German Chancellor Angela Merkel defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to speed up the plan. Business leaders have criticized the way the switchover has been managed, saying the costs are spiraling and hurting some companies.

  • BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.

  • Reality Forces EU to Soften Stance on Greece

    Germany and the IMF appeared to soften their stance on the Greek debt crisis over the weekend ahead of an EU Summit which could decide whether the debt ridden euro member is given a new tranche of international aid.

  • Swiss Prepare Army for Euro Zone Fallout

    With anti-austerity protests across Europe resulting in civil unrest, Switzerland is taking unusual precautions to prepare its army for a refugee crisis or the possibility of protests at home created by a financial crisis.

  • Strategist: No Breakup of Eurozone

    Roman Scott, Chairman, Calamander Group and economic spokesperson for the British Chamber of Commerce, says he is getting more positive on Eurozone on Berlin's ability to act and ECB's bond-buying programs.

  • IMF's Lagarde on Greece's Plan

    Christine Lagarde, IMF managing director, says she would rather have a difficult, yet a credible program for Greece.

  • Germany to Give Greece More Time to Implement Austerity

    Ray Attrill, Co-Head of FX Strategy, NAB says that Germany is likely to give Greece more time to meet its austerity promises.

  • BERLIN-- Germany's chancellor says she thinks debt-laden Greece is making progress in implementing reforms and austerity measures "step by step." Angela Merkel said in her weekly video podcast published Saturday that Greece's progress is slower than hoped "but on this matter we should always give Greece another chance."

  • Then, out of the blue, after three years of back-biting and seemingly daily financial crisis, the European Union won the Nobel Peace Prize for fostering peace on a continent long ravaged by war.

  • Biden's Chuckle vs. Ryan's Smirk

    The European Union has won the Nobel Peace Prize, and Vice President Joe Biden and Congressman Paul Ryan (R) had a "face-off" in Thursday night's vice presidential debate. CNBC's Bob Pisani and Neil Weinberg, American Banker editor-in-chief, weigh in.

  • TOKYO, Oct 13- British finance minister George Osborne on Saturday blamed an effective German veto for the failure of a $45 billion merger between British defence firm BAE.

  • OSLO, Norway-- For fostering peace on a continent ravaged by war, the European Union won the Nobel Peace Prize on Friday.

  • Schaeuble and Lagarde Clash Over Austerity

    High-level splits over the handling of the euro zone crisis burst into the open on Thursday when Germany’s finance minister rebuked the head of the International Monetary Fund after she warned that EU leaders should ease demands for tighter austerity in peripheral economies. The FT reports.