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Merkel embarks on second term
Economy

Merkel embarks on second term

German Chancellor Angela Merkel formally embarked on a second term on Wednesday, leading a new centre-right coalition that has pledged to make Europe's biggest economy emerge stronger from the global financial crisis.
Merkel admits tax cut plan may fail
Taxes

Merkel admits tax cut plan may fail

Doubts grew on Monday over the viability of the new German government's choice to rely on tax cuts alone to boost the ailing economy, with Chancellor Angela Merkel herself admitting the plan might not work.
Press mauls new government plans
Taxes

Press mauls new government plans

Trade unions, opposition leaders and the press savaged German Chancellor Angela Merkel's new-look government Sunday over what they called a fiscally reckless and socially unjust plan for the next term.
Central bank sees little room for tax cuts
Politics

Central bank sees little room for tax cuts

Axel Weber, the president of Germany’s central bank, said on Saturday that deteriorating public finances means there is little room for tax cuts, which have been made a priority by the country's incoming centre-right coalition.
Conservatives lay out road map for tax cuts
Economy

Conservatives lay out road map for tax cuts

Angela Merkel’s conservative Christian Democrats (CDU) and their Bavarian allies have struck and agreement over tax relief ahead of coalition negotiations with the Free Democrats next week, promising cuts but not setting a firm date for their introduction.
Germans sceptical of tax cuts
Politics

Germans sceptical of tax cuts

Most German voters don’t think they will actually get a tax cut, despite promises by Chancellor Angela Merkel’s Christian Democrats, according to a new poll published in the latest issue of the weekly <i>Wirtschaftswoche</i>.
German debt set to balloon
Economy

German debt set to balloon

Germany could have to take on another €312 billion in debt by 2013, according to finance ministry documents cited on the website of the magazine <i>Der Spiegel</i>.
SPD agrees on election tax plan
Economy

SPD agrees on election tax plan

Leaders of the Social Democratic Party voted Saturday for a platform that would raise taxes on wealthy Germans as the party prepares for a tough election campaign against Chancellor Angela Merkel's Christian Democrats.
CSU pushes for more tax reductions to spur growth
Election

CSU pushes for more tax reductions to spur growth

The centre-right sister party of the Christian Democrats (CDU), the Christian Social Union (CSU) has cemented its reputation as the CDU’s right-wing economic guard-dog by calling for further tax reductions in a new tax model presented on Saturday.