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Greece makes ‘superhuman effort’ to slash debt

Greece is making a “superhuman effort” to slash debt, Prime Minister George Papandreou said Tuesday as he prepared to meet German Chancellor Angela Merkel for crunch talks on tackling the eurozone crisis. Papandreou hit out at Greece’s critics, saying that to single out Athens for “punishment and scorn” was anything…

Merkel calls for calm as Obama urges action on euro

German Chancellor Angela Merkel tried on Tuesday to reassure volatile markets that the eurozone will stay intact after US President Barack Obama urged greater efforts to solve the EU debt crisis. But the euro dropped against the dollar and European stock markets fell as concerns over Greece outweighed news that…

Chancellor Merkel’s party crushed by left in her own home state

German Chancellor Angela Merkel’s party suffered an electoral setback in her home state Sunday, two years before a national vote and amid mounting criticism over her handling of the eurozone crisis. Key opposition parties took votes from her conservative Christian Democrats (CDU) in the poll, the latest in a string…

High pressure with Germany-France talks

PARIS (Reuters) – The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week. President Nicolas Sarkozy andGerman Chancellor Angela Merkel are under pressure to show financial markets they are in agreement on doing…

Germany will ‘exit’ nuclear power industry, Merkel vows

BERLIN (AFP) – Chancellor Angela Merkel vowed Thursday that Germany would speed up the transition to renewable energy as Europe’s top economy mulled a “measured exit” from nuclear power after the events in Japan. “We want to reach the age of renewable energy as soon as possible. That is our…

Germany and Switzerland freeze development of nuclear reactors

Germany and Switzerland said Monday that they would be the first industrialized nations to freeze development of nuclear power facilities while they reassess safety procedures, in the wake of Japan’s ongoing nuclear crisis following last week’s devastating earthquake. Despite assurances, six of their reactors are said to be melting down…

Germany plays down terror warnings: No reason to be ‘alarmist’

The German government played down on Monday U.S. and British warnings about the heightened risk of terrorist attacks on Europe, with Berlin saying there were no immediate signs of a threat against Germany. “There are currently no indications of any immediate threat of attacks planned against Germany,” Interior Minister Thomas…

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