Angela Merkel

Germany pledges support for Latvia over economic crisis

Germany pledges support for Latvia over economic crisisBerlin - German Chancellor Angela Merkel on Wednesday pledged her country's support for Latvia in its struggle to recover from the economic and financial crisis.

Conditions attached to a rescue package put together by the European Union and International Monetary Fund (IMF) for Latvia needed to be politically viable, she said after talks with Latvian Prime Minister Valdis Dombrovskis in Berlin.

Russian wartime bomb found outside Merkel's Berlin apartment

Chancellor Angela MerkelBerlin  - A lost Russian bomb from the Second World War was discovered Friday just outside the Berlin apartment of Chancellor Angela Merkel, triggering a city-centre lockdown as bomb-disposal experts set about defusing it.

The 100-kilogram bomb was discovered just 10 centimetres below the sandy surface of a museum forecourt.

Merkel lives on the Island of Museums, between two arms of the Spree River. The bomb was found in front of the Neues Museum, one of five museums of art and antiquities which have given the central-city island its name.

Merkel government to clamp down on executive benefits

Merkel government to clamp down on executive benefits Berlin - The two parties in Chancellor Angela Merkel's government have agreed to restrict benefits enjoyed by corporative executives which have been widely blamed for a "culture of greed" in high finance, party sources in Berlin said Thursday.

While there would be no cap on executive pay, which has been proposed in many nations, executives would in future be barred from cashing in their stock options during their period of employment.

Merkel gears up for election shaped by economic crisis

Merkel gears up for election shaped by economic crisis Berlin  - German Chancellor Angela Merkel called business and labour leaders to Berlin Wednesday for an economic crisis summit amid a warning that the country could face social unrest if further steps are not taken to tackle the slump in Europe's biggest economy.

The meeting is the latest sign that the global recession is moving to centre stage in the campaign for German elections in September, with Merkel attempting to sharpen her crisis management credentials by also taking a leading role in shaping international moves to address the crisis.

Merkel picks up signs of hope at Hanover Fair

Merkel picks up signs of hope at Hanover Fair Hanover, Germany - German Chancellor Angela Merkel said she was picking up signs of hope Monday as she toured booths at the Hanover Fair, a trade show for the world engineering and machinery industry.

"Perhaps the Hanover Fair is a tiny sign that it is bottoming out," said Merkel in reference to the worldwide recession.

VDMA, Germany's federation of machinery makers, said Monday that world sales of machinery were likely to decline 10 per cent this year.

Merkel calls for German economic meeting

Merkel calls for German economic meeting Berlin - German Chancellor Angela Merkel has called on the nation's business and political leaders to meet next week, a government spokesman said Tuesday, as Europe's largest economy faces its biggest downturn since the World War II, Amid signs that the global recession had tightened its grip on Germany during the first months of the year, Merkel's planned economic summit comes as the country starts to gear up for a national election scheduled for September this year.

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