Socialist coalition proposes forming United States of Europe

Europe 11/29/21, 15:41

Left-leaning politicians want to create a new superstate called the United States of Europe. Three German political parties formed a coalition at the request of incoming Social Democratic Chancellor Olaf Scholz. Scholz, who replaces predecessor Angela Merkel, is already trying to rewrite European Union treaties to turn the bloc into a federal ...

Merkel: German government shouldn’t intervene in bank talks

Europe 03/19/19, 08:50

Chancellor Angela Merkel says the German government shouldn't get involved in exploratory talks between Deutsche Bank and Commerzbank on a possible merger.Deutsche Bank, Germany's biggest bank, and Commerzbank announced Sunday they would discuss a possible combination. Media have reported that Merkel's finance minister and vice chancellor, Olaf Scholz, favors a ...

Update: Germany preparing also for no-deal Brexit

Europe 11/23/18, 05:55

The Latest on Britain's exit from the European Union (all times local):10:55 a.m.Germany's finance minister says Berlin still hopes for a regulated British exit from the European Union but that the country is also prepared for the possibility of a Brexit without a negotiated deal.Olaf Scholz, who is also the ...

German finance minister advocates steep rise in minimum wage

Business 10/31/18, 04:51

Germany's finance minister is advocating a steep increase in the country's minimum wage as his struggling center-left party tries to reverse a slump in its popularity.Germany has had a national minimum wage since 2015, when it was introduced at the insistence of the Social Democrats, Chancellor Angela Merkel's junior coalition ...

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