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Brussels, Berlin tell Europe to stick to austerity

Jose Manuel Barroso

Germany and the European Commission on Tuesday called on EU nations to stick to their promised budget cuts despite mounting voter discontent, but promised some new efforts to boost growth to alleviate economic hardship.

 

Euro up, stock markets mixed after votes in France and Greece

French and Greek Elections

Investors nervous about the changing political winds in Europe initially drove down the euro and sent stock markets falling across the region Monday morning, though markets were bouncing back later in the day following renewed signs of strength in the German economy.

Senh: "On one hand, a number of economists and politicians including Hollande have argued that a single-minded focus on cuts has done more harm than good, driving a number of the region’s economies into recession and sending unemployment soaring. They argue that fiscal restraint should now be paired with new policies also aimed at fueling growth." This is Barack Obama's been doing for the last three and a half years. I guess the French approves of how that's been going to vote in someone who wants to do the same.

 

After 'Merkozy,' what next for Europe?

There has been a great deal of austerity-bashing -- that is to say Germany-bashing -- this French election season. Buoyed by his success in the first round, Socialist candidate Francois Hollande declared last Thursday: "It is not for Germany to decide for the rest of Europe." Vowing to reset Europe on a growth path, he said, "we're not just any country, we can change the situation."

 

German court rules against Microsoft in Motorola patent fight

XBox 360

A court in Mannheim ruled on Wednesday that Microsoft infringed Motorola Mobility's patents and ordered Microsoft to remove its popular Xbox 360 gaming consoles and Windows 7 operating system software from the German market.

 

Euro zone may up bailout fund capacity to near 700 billion euros: officials

Eurozone

The euro zone may raise the combined lending power of its bailout funds to close to 700 billion euros from 500 billion in a trade-off between German opposition to committing more money and calming markets, euro zone officials said.

 

German Lawmakers Approve New Greek Bailout

Greece Bailout

The German parliament approved a second, euro130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy.

 

German president quits amid scandal

German President Christian Wulff

Angela Merkel's hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favors, dealing a blow to the German chancellor.

 

Greece should give up budget control: Germany

Greece must surrender control of its budget policy to outside institutions if it cannot implement reforms attached to euro zone rescue measures, the German economy minister was quoted as saying on Sunday.

 

Germany is *Not* Europe's Richest Country

Perhaps that nostalgia for a 1950s that never was is valid, perhaps not, but what isn’t valid is the claim that Germany is the richest country in Europe. The results change a little whether you use nominal GDP per head (ie, just the plain numbers ) or PPP adjusted (to take account of different price levels) but the are a number of countries in Europe with higher GDP per capita than Germany.

Senh: Germany has the largest economy in Europe, but it's not its richest.

 

Motorola wins Apple patent fight

Motorola Mobility can try to force Apple to remove its products from Germany's stores after winning a patent case against the iPhone-maker.

 

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