The Social Democratic Party (SPD) is turning against the idea of a “grand coalition” with Chancellor Angela Merkel. Two of the three potential chancellor candidates said this weekend they would not work with her.
Former Finance Minister Peer Steinbrück, a leading member of the centre-left Social Democrats (SPD), has categorically ruled out entering a new grand coalition under Chancellor Angela Merkel.
Frank-Walter Steinmeier, the owlish Social Democrat deemed too boring to be chancellor when he ran against Angela Merkel in 2009, is now the most popular politician in the country, a poll revealed Friday.
Former Finance Minister Peer Steinbrück has rejected his Social Democratic colleague Frank-Walter Steinmeier’s suggestion that he stand for the position of head of the European Central Bank (ECB).
Former Finance Minister and Social Democratic heavyweight Peer Steinbrück has warned his party against lurching to the left in a speech that could position him as the party’s next candidate for Chancellor.
German Finance Minister Peer Steinbrück called Friday for a global tax on financial transactions as the Group of 20 developed and developing economies met in Pittsburgh.
German Finance Minister Peer Steinbrück says Britain wants to hamper financial system reform proposals to be discussed at the Group of 20 summit in Pittsburgh later this week.
Just one week ahead of national elections, both Germany’s finance and economy ministers warned of hard times to come after the vote on a Sunday night political talk show.
Bankers should stump up for the consequences of the global financial crisis, Germany's finance minister said to his G20 counterparts in an letter obtained by AFP on Monday.
Finance Minister Peer Steinbrück has questioned a new law that guarantees pensions will not be reduced even if wage levels go down, saying pensioners today are doing better than ever before, and the younger generation needs help more.
German Finance Minister Peer Steinbrück made a new jibe on Tuesday against Switzerland and other European finance centres, likening them to the poor African nation of Burkina Faso, in a row over tax havens.
German Finance Minister Peer Steinbrück fears that the country will take years to recover from the financial crisis, German weekly magazine <i>Stern</i> reported today.
Angered over German Finance Minister Peer Steinbrück's uncompromising push to stamp out international tax havens, the normally staid Swiss have dubbed him the most hated man in Switzerland. And now one Swiss politician has even compared him to the Nazis.
The German government has told other G20 members it will work together to restore economic confidence, but is putting the brakes on further stimulus measures.
German Finance Minister Peer Steinbrück resisted on Monday a US call on governments worldwide to pump more taxpayer money into their faltering economies.
German Finance Minister Peer Steinbrück said on Monday there were signs Europe’s largest economy could come through the global financial crisis largely unscathed.
Chancellor Angela Merkel’s conservative Bavarian allies have threatened to torpedo any new stimulus package to boost the flagging economy unless it includes tax cuts.
Nobel laureate for economics Paul Krugman has slammed the German government’s handing of the economic crisis, saying Chancellor Angela Merkel and Finance Minister Peer Steinbrück have completely failed to understand the situation.
German Finance Minister Peer Steinbrück has launched a highly unusual attack on Britain's economic stimulus package, saying it will not fend off recession but will leave the next generation saddled with debt.
After saying in September that recession warnings were "completely irresponsible," German Finance Minister Peer Steinbrück admitted in Berlin on Tuesday that Germany is in a recession.
German Chancellor Angela Merkel and Finance Minister Peer Steinbrück are lobbying for tighter global finance cooperation and regulation at the Washington G20 economic summit this weekend.
Chancellor Angela Merkel said on Wednesday the world was facing the most difficult financial crisis since the 1920s, and one that would not leave Germany’s economy unscathed.
The German financial market watchdog BaFin has placed a moritorium on German operations of the biggest Icelandic bank Kaupthing, following its nationalization.
Germany does not need to nationalize any of its banks but this could change if the global financial crisis gets any worse, Finance Minister Peer Steinbrück told business daily <i>Handelsblatt</i> on Thursday.
