Tag Archives: Germany

Lufthansa Records the Biggest Strike in the Company’s History

  BERLIN – Last Friday, Lufthansa flight attendants held the biggest strike ever to happen to the German airline company. The strike, coinciding with the end of the summer holidays in the south of Germany, caused many cancellations in the afternoon. Due to the fact that a thousand flights were Read On..

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Germany Rules Out Total Bail Out for Spain

MEXICO CITY – The Foreign Minister of Germany, Guido Westerwelle, ruled out the possibility that Spain will require financial support from European Union’s bailout funds and said it is a strong country with a strong economy. Westerwelle said on Sunday that “the Spanish government of Mariano Rajoy has shown great Read On..

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German Financial Minister Backs Up Spanish Government

  BERLIN – The Spanish government, not banks, is responsible for the rescue of up to €100 million to support the financial sector. This statement was released last Wednesday by German Finance Minister Wolfgang Schaeuble, “The aid goes to a state authority and the State is responsible for paying the support. Read On..

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Greece Desperate for EC and IMF Help

BERLIN – German Economic Minister Philipp Rösler warned Friday that the Troika is exhausting his patience concerning the Government of Greece and the implementation of reforms to stabilize the country’s finances. The Troika is the supervisory committee composed of representatives of the European Commission (EC), European Central Bank (ECB), and Read On..

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Porsche and Volkswagen Seal Merger

  FRANKFURT, Germany – Volkswagen aims to close the purchase of the sports car manufacturer, Porsche, by August 1 this year. The said date is two years ahead of their initial plan to seal the deal. According to the spokesperson of Volkswagen, Porsche SE will receive €4.460 billion ($5.580 billion Read On..

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Germans Say No to New Bailouts

  HANOVER, Germany – The German entrepreneur, Roland Frobel, considers the crisis of the euro as a hurricane that could have been detected on the horizon therefore prevented and should not have an impact on their country. Frobel is currently in a favorable economic position. His firm recently created nearly Read On..

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