Europe moves to raise bailout fund capacity

Europe strove to reach agreement Monday on boosting the capacity of bailout funding for failing eurozone states in order to soothe market fears that after Greece and Ireland, others might need rescue. As eurozone finance ministers began two-day talks in Brussels under pressure to find common ground on the size and scope of an overhaul of its 750-billion-euro ($1.0 trillion) safety net, divisions remained on the timing. Germany, the fund’s... [more]

Merkel referees dioxin scandal bickering

As the scope of the dioxin animal feed scandal spreads, German Chancellor Angela Merkel has stepped in to settle bickering over the issue between Agriculture Minister Ilse Aigner and Lower Saxony state premier David McAllister, a media report said Monday. Merkel spoke with both politicians, who belong to her conservatives, in an attempt to reach “peace,” daily Bild reported. The Chancellor persuaded Aigner to retract angry calls... [more]

Germany Farmers call for action amid €100 mln losses

German farmers reckon the dioxin food poisoning scandal is going to cost them around €100 million from reduce consumption and lower prices on eggs and pork. “The damage from the disruption in the market will be many times the direct damage,” said Gerd Sonnleitner, president of the German Farmers’ Association (DVB) on Saturday. He said the price producers get for pork had dropped from between €1.40 to €1.50 a kilo down to €1.12... [more]

Organic food demand soars amid dioxin scare

As the dioxin scare continues in Germany, consumers are storming organic supermarkets, clearing the shelves of eggs and pork products. But experts say the country’s organic food sector is unlikely to keep up with the new demand. At the popular Bio Company store in Berlin’s Kreuzberg district, the shelves are virtually bare, as demand for organic meat and eggs spikes amid a dioxin crisis that has shaken Germans’ faith in food. “Dioxin:... [more]

High levels of dioxin found in German pork

German authorities Tuesday ordered the slaughter of hundreds of pigs after finding high levels of dioxin in pork for the first time since shutting down thousands of farms for tests last week. “A test on the meat has shown high levels of dioxin content,” Gert Hahne, a spokesman for the Agriculture Ministry in the state of Lower Saxony, told news agency AFP. “The animals must be slaughtered and will then be incinerated.” Previous... [more]

2 trains collide in the Netherlands

An international passenger train carrying 146 people toward Germany collided with a freight train in the eastern Netherlands on Tuesday. Police and local authorities said there were no injuries. Babet Verstappen, a spokeswoman for Dutch rail network organization Prorail, said part of the passenger train derailed after the collision just after noon (1100 GMT) near the town of Zevenaar, 115 kilometers (70 miles) southeast of Amsterdam. Police... [more]

Investors nervous about European debt

Europe’s major stock exchange indexes lost ground on Monday morning. Investors appear to be honing in on the EU’s debt crisis again, now that Portugal is under pressure to ask Brussels for a bailout. Amsterdam’s AEX index dropped 0.6 percent within the first 45 minutes of trading, while the MidKap index fell 0.3 percent. The exchanges in Paris, Frankfurt and London saw losses of up to 1.2 percent. Both Germany and France are reported... [more]

Germany struggles to find skilled workers

As Germany’s robust economic recovery continues, the country’s companies are finding it increasingly hard to find enough skilled workers. Kyle James reports on the impending labour shortage. A recent study by the German Chamber of Commerce found that Europe’s largest economy lacks about 400,000 skilled workers. The need is especially acute in the engineering, high-tech and health care sectors. “If you don’t have the... [more]

Sarkozy takes G20 case to Obama as food prices soar

French President Nicolas Sarkozy takes his campaign for greater global food price and currency stability to Washington this week when he seeks Barack Obama’s support for France’s goals as head of the Group of 20 powers. Soaring food prices and riots in places such as Algeria offer Sarkozy ammunition to press for more coordination between G20 governments to combat wild swings in vital commodity prices as well as exchange rates... [more]

Germany denies plan to press Portugal to seek bailout

Germany on Sunday denied a report saying it plans, together with France, to press Portugal to seek a bailout in order to stop Spain and Belgium from becoming the next euro crisis casualties. “It is not the German government’s strategy to force Portugal to call for Europe’s rescue fund,” government spokesman Steffen Seibert told the Handelsblatt daily, refuting an earlier report by German weekly Spiegel. Spiegel had... [more]

Custom Search
Divorce
merchant accounts 
Washington DC auto injury lawyer  
No Win No Fee Employment Solicitor
Jesus Christ