Scholz seals deal to crown career as German chancellor
Olaf Scholz is set to become post-World War II Germany’s ninth chancellor, crowning a career that has seen him serve in a string of top government posts, after leading his party to an election comeback that appeared hugely unlikely just a few months ago.
Germany sees calls for quick decisions on new government
Pressure is growing for a quick start to talks on Germany’s next government as newly elected lawmakers hold their first meetings and tensions simmer in outgoing Chancellor Angela Merkel’s bloc, which declined to its worst-ever result in the country's election.
Going Dutch: Look out, German coalition talks could be long
As Europe’s economic powerhouse Germany embarks on the task of piecing together a new ruling coalition after Sunday’s knife-edge election, observers need only look to its neighbors, Belgium and the Netherlands, to see how tricky the process can be.
Social Democrats beat Merkel's bloc in German elections
CBS news foreign correspondent Chris Liversay reports the race to succeed Angela Merkel and her legacy as Germany's leader for 16 years. Then, Lilla Balint, an assistant professor of German in the Department of German at University of California, Berkeley joins Tanya Rivero on CBSN to discuss how a new government could shake up politics in Germany and across Europe.news.yahoo.com
Uncertain start to post-Merkel era after close German vote
The party that narrowly beat outgoing German Chancellor Angela Merkel’s bloc is pushing for a quick agreement on a coalition government, but Europe’s biggest economy could still be in for weeks of uncertainty after an election that failed to set a clear direction.
Former President Trump returns to campaign stage in Georgia
Former President Trump returned to the campaign stage in Perry, Georgia, on Saturday on behalf of several Republican candidates running in statewide elections next year. The Atlanta Journal-Constitution's Greg Bluestein joins CBSN's Lana Zak with more on how Mr. Trump is deepening the divide among the state's Republican party.news.yahoo.com
Contenders tout credentials in close vote to replace Merkel
The contenders to succeed Angela Merkel as German chancellor have sought to mobilize voters as the election campaign neared its close, touting their credentials to lead Europe’s biggest economy into a new era as it grapples with the fallout from the coronavirus pandemic and climate change.
How Germany’s Greens Moved From Fringe to Contenders
Germany’s Green party has come a long way from the radical fringe group of the 1980s, moving into the mainstream and appealing to a wider swath of voters backing policies for tackling climate change. It has helped shape Germany’s exit from nuclear power and pushed for Europe’s industrial powerhouse to become a world leader in hydrogen technology. It headed into the Sept. 26 election in a strong position to be part of the next coalition government.washingtonpost.com
German chancellor candidates face off in 1st election debate
The three candidates to succeed Chancellor Angela Merkel in Germany’s election have sought to gain an advantage in the closely fought race in a televised debate, with recent polls suggesting that many voters are unimpressed with the choice they face.
How Germany’s Greens Moved From Fringe to Contenders
Germany’s Greens party has come a long way from the radical fringe group of the 1980s, moving into the mainstream and appealing to a wider swath of voters backing policies for tackling climate change. It has helped shape Germany’s exit from nuclear power and pushed for Europe’s industrial powerhouse to become a world leader in hydrogen technology. Now, it heads into the Sept. 26 election in a strong position to be part of the next coalition government, and perhaps even to lead it.washingtonpost.com
Germany welcomes EU tax transparency deal for big companies
Germany's finance minister on Wednesday welcomed an agreement requiring large companies in the European Union to reveal how much tax they paid in which country. Among the companies affected will be major international corporations such as Google and Amazon, which have used entities in low-tax countries such as Ireland and Luxembourg to reduce their tax burden elsewhere. “The new rules create greater transparency so that international corporations can't wiggle out of their tax obligations,” he added.news.yahoo.com
World Economic Forum cancels special annual meeting planned for Singapore in August
From left to right, Zhu Min, deputy managing director of the International Monetary Fund (IMF), Haruhiko Kuroda, governor of the Bank of Japan (BOJ), Christine Lagarde, president of the European Central Bank (ECB), Steven Mnuchin, U.S. Treasury secretary, Olaf Scholz, Germany's finance minister, and Kristalina Georgieva, managing director of the International Monetary Fund (IMF), attend a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 24, 2020.cnbc.com
Global tax on tech giants now 'highly likely,' German minister says after Yellen call
Olaf Scholz German finance minister"I'm really confident that we'll get an agreement," he said, just one day after speaking to new U.S. Treasury Secretary Janet Yellen via telephone. Yellen backed calls for a new global levy on tech giants during a Senate confirmation hearing last week. If the OECD talks fail again, the European Commission, the executive arm of the EU, is expected to announce an EU-wide digital tax. And anyone knows that the timetable is very strict, we have to agree in summer," Scholz said Thursday. French Finance Minister Bruno Le Maire has also welcomed the support of President Joe Biden's administration over the proposed global tax.cnbc.com
Europe's economy would be back to pre-crisis levels quicker if we work together, Germany says
LONDON — German Finance Minister Olaf Scholz said he is confident the economy can return to pre-crisis levels by 2022, but that European leaders needed to work together. "So, there is a good development we can see ... but we have to understand that we all depend on each other. The deal was seen as a pivotal moment for the union and the first time it has agreed to mutualize debt. "The European Union has a fiscal capacity to act. And my view is that this is possibly the so-called Hamiltonian moment of the European Union."cnbc.com
Germany is vastly outspending other countries with its coronavirus stimulus
BERLIN, GERMANY - April 09: Federal Minister of Finance Olaf Scholz, SPD, makes a press statement before a video conference of the Euro Group on April 09, 2020 in Berlin, Germany. Germany is spending much more than countries like the United States, on a relative basis, to mitigate the economic impact from the coronavirus, a data study has shown. In comparison, the fiscal plan in the United States is, so far, less than 15% of its GDP from 2019. The think tank has combined all the fiscal pledges made by 11 countries so far. They include Germany, France, Italy, the U.K., Denmark, the U.S., Spain, Greece, the Netherlands, Hungary and Belgium.cnbc.com
US and Europe divided at G-20 summit on how to tax tech giants like Facebook
German Finance Minister Olaf Scholz speaks to the media on February 21, 2020 in Riyadh, Saudi Arabia. The G20 summit of the Finance Ministers and the central bank governors takes place in Riyadh under the G20 presidency of Saudi Arabia. RIYADH G-20 leaders in Saudi Arabia are using a summit in Riyadh to find an "urgent solution" to international digital taxation, exposing global divisions over how to tax big technology firms. That is bad for the individual countries, bad for the multinationals, and it just doesn't work," he said, flanked by finance ministers from Saudi Arabia, India, Germany and France. The EU, which doesn't have a tech industry of note, is spearheading a global effort to regulate the major tech firms.cnbc.com
China tariff deal was easy compared to the EU's bazooka-proof trade walls
Instead of focusing on changing America's trade flows with China, Washington overreached into sovereign domains Beijing could not accept. They are now seething with anger about the World Trade Organisation's arbitration authorizing American countervailing trade tariffs for the EU's illicit aircraft manufacturing subsidies. The European trade bloc is an outgrowth of a U.S.-encouraged and financed process of Europe's postwar reconciliation in an attempt to keep France and Germany off each other's throats. The U.S. economists, however, added a rider to Washington's blessings, and pointed out structural disadvantages the European customs union would present for American trade of goods and services. Washington, the EU, the International Monetary Fund and the Organisation for Economic Co-operation and Development have nothing to say about that.cnbc.com
Frustration grows among EU finance ministers over Brexit deadlock
Germany's finance minister has said the EU and U.K. have a "common responsibility" to negotiate a settlement to govern Britain's departure from Europe, but insisted any solution to end the Brexit impasse in the coming days must meet the EU's long-standing list of criteria. Instead, he said he hoped for a deal that would "follow the lines" of an earlier agreement finalized under former British prime minister Theresa May. The pound had fallen precipitously Tuesday after alleged details of that phone called were published. Johnson will meet with his Irish counterpart, Leo Varadkar, in Dublin Thursday. The British and Irish prime ministers remain wide apart on the potential for technological solutions that the U.K. side says will obviate the need for physical customs checks and border infrastructure on the dividing line between the Irish republic and the separate nation of Northern Ireland, part of the United Kingdom.cnbc.com