Less than a month before German elections, the eurozone crisis has entered the campaign battle, giving the opposition badly needed ammunition for an attack against Chancellor Angela Merkel who is riding high in the polls.
The new anti-euro party Alternative for Germany (AfD) could tip the balance in the upcoming election regardless of whether it makes it into the Bundestag, according to a prominent German political expert.
Germany on Friday said the amount of a eurozone bailout for Cyprus would not rise, after the debt-laden island state's president said he would appeal for extra assistance.
German Finance Minister Wolfgang Schäuble said Thursday that he understood Cypriot anger over the tough terms of its international bailout but said it would fade eventually.
German Chancellor Angela Merkel has warned that the patience of Cyprus's European partners on efforts to secure an international bailout has its limits, lawmakers of her coalition parties said Friday.
German Chancellor Angela Merkel on Wednesday said the eurozone had a "duty" to work with Cyprus to resolve the island's banking crisis, as the German opposition blamed her for the "disastrous" rejection of the EU's bailout package.
German Chancellor Angela Merkel stressed in a phone call with the president of Cyprus that his country hold talks only with international creditors on its bailout deal and not third parties like Russia, a government spokeswoman said on Tuesday.
It was up to the Cyprus government how it chooses to finance the terms of a tough EU bailout deal, which should have a "calming effect" on the crisis-wracked eurozone, Germany said Monday.
The chief executive of Germany's second biggest bank, Commerzbank, which is still a quarter state-owned after a bail-out, admitted to a parliamentary committee he has more than doubled his salary despite the continuing debt.
German and Spanish finance ministers sought to contain fears for the eurozone on Tuesday, saying that Spain's soaring borrowing costs did not correspond to its economic strength or the "sustainability of its public debt."
Thousands of demonstrators in Berlin and Frankfurt gathered on Saturday to protest against the continuing power of the banks. In the capital, protesters assembled to form a human chain.
In the wake of the Eurosceptic Finnish party True Finns’ electoral gains at the weekend, Germany has urged the Scandinavian country to abide by European Union resolutions on the bloc's common currency.
<b>Germany's Angela Merkel has praised Spain's ongoing efforts to slash its deficit and reform its economy, as reports circulate that Madrid is preparing to ask for a bailout.</b>
Troubled German property financier Hypo Real Estate (Hypo RE) will need until 2015 to repay about €100 billion of state aid, chief executive Axel Wieandt said Monday.
The German cabinet approved draft legislation Wednesday that would take risky assets from state-owned regional banks and group them in a "bad bank" in exchange for a serious slimming down of the Landesbanken.
Germany top retailer Metro wants to snap up distressed rival Arcandor and possibly list a new group on the stock exchange, Metro boss Eckhard Cordes said on Wednesday.
Stricken German retail giant Arcandor held talks on Sunday with rival Metro over a possible merger of their department store chains, after hopes of government aid looked dim, an Arcandor spokesman said.
<b>Chancellor Angela Merkel on Wednesday warned Germany was facing the worst economic crisis since 1945, but said the country was in better position than most to cope.</b>
