Search Result for : Angela Merkel

The Dollar Business Bureau The German Chancellor Angela Merkel warmed to the idea of creating a combined European finance and the forming of a European Monetary Fund. This signalled a willingness on the part of the Chancellor to deepen the euro zone integration. On the idea floated by her finance minister Wolfgang Schaeuble, Merkel said she supported “the very good idea” to turn the euro zone’s rescue fund, the European Stability Mechanism (ESM), into a European Monetary Fund. In May 2010, the European Financial Stability Facility was formed which was later called the ESM. The ESM works alongside the IMF in assisting Europe’s financial programmes. The creation of ESM was a powerful step offering a powerful means to backstop sovereign debt markets and ...

By Sheela Mamidenna  The Indo-German relationship dates to several millennia. Economists have used the phrase, longue duree to describe the ties between the two. In FY2017, the Indo-German bilateral trade was over $18.79 billion. In fact, Germany is India 7th largest exports destination and India is Germany’s 24th largest exports market. Concurringly, in May 2017, Prime Minister Modi during his speech at the Indo-German Business Summit in Berlin said, “There is tremendous potential in India-Germany economic collaboration. Our economic partnership is still below its full potential. To enhance this, we, in India, are ready with open arms to welcome German companies. With a view to helping the German companies, we have put in place a fast-track mechanism. Several issues have already been ...

The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday.  In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...

The Dollar Business Bureau The automobile and production hub of Europe, Germany, boasted a 2.2% growth in economic output in the month of February, 2017. Underpinned by an increased domestic and global demand for machinery and automobiles, Germany's exports rose by 0.85, while imports declined by 1.6% - the result being a swelled trade surplus of 21.0 billion euros, up from 18.9 billion euros  in the month of January. This was a robust start of the year for Germany, indicating that the economic ramifications of the 2008 financial crisis have been left far behind. Meanwhile, the industrial output of UK showed signs of slowing, as the uncertainty around Brexit catches up with its economy. The strong economic growth in Germany will give added thrust to Chancellor ...

PTI President Donald Trump today dismissed the notion that he was an "isolationist" in his policies, as he held talks with German Chancellor Angela Merkel and asserted that Germany and the US must work together towards fair and reciprocal trade policies. "My administration is in the process of rebuilding the American industrial base. A stronger America is in the interest, believe me, of the world as a whole," Trump told reporters at a joint news conference with the visiting German Chancellor Merkel. Germany and the United States, he said, must work together towards fair and reciprocal trade policies that benefit people of both the countries. "Millions of hard-working US citizens have been left behind by international commerce, and together, we can ...

The Dollar Business Bureau Chancellor of Germany, Angela Merkel, will not attend the World Economic Forum (WEF) to be held in Davos, a meeting which is likely to be dominated by discussions over the forthcoming presidency of Donald Trump and rising anger of public with elites and globalisation. Since becoming the Chancellor of Germany in 2005, Merkel has been regularly attending the annual meeting of global political leaders, celebrities and CEOs. “She had decided not to participate for a second consecutive year,” her spokesman told Reuters. This year the conference will be scheduled from January 17-20 under the ‘Responsive and Responsible Leadership’ banner.The inauguration of Trump coincides with the final day of the conference. “It's true that a Davos trip was being considered, but we never ...

Source: PTI German Chancellor Angela Merkel will leave for India together with a high-ranking delegation of several senior ministers to take part in the third joint meeting of the cabinets of the two countries with trade and security among key issues to be discussed. Merkel and Prime Minister Narendra Modi will jointly chair the India-Germany inter-governmental consultations in New Delhi on Monday. She will be accompanied by Vice Chancellor and Economy Minister Sigmar Gabriel, Foreign Minister Frank-Walter Steinmeier, Food and Agriculture Minister Christian Schmidt, Minister for Education and Research Johanna Wanka and Minister for Development Cooperation Gerd Mueller. Merkel is expected to convey problems faced by German industries in proceeding with planned investments. The federal ministries of the interior, finance, labour, defence, ...