German economy minister backs call to police Greek budget

German Economy Minister Philipp Rösler backed beefed-up EU monitoring of Greece on Monday, after Athens dismissed calls for it to give up control over its budget. Rösler, who is also Germany’s vice chancellor, told the daily Bild that the European Union should step in to ensure that Greece toes the line of budget austerity as it struggles to emerge from a crippling debt crisis. “We need more leadership and monitoring in implementing... [more]

Urban slang is ‘more logical’ form of German

The street slang spoken by young people in Germany’s big cities is so defined that one language expert is arguing for it to be recognised as a dialect.  Linguistics professor Heike Wiese says “Kiezdeutsch” which roughly translates as “neighbourhood German”, is a mutated, fluid form of high German spoken by urban young people across the country. Incorporating many foreign words, the slang also simplifies German grammar, but is... [more]

Tie-up with NYSE Euronext not vital for Deutsche Boerse

The proposed merger of Deutsche Boerse and NYSE Euronext — which now looks almost certain to fail — is not vital for the German company’s survival, say analysts and industry experts. According to NYSE Euronext chief executive Duncan Niederauer, there is only a “glimmer of hope” that the tie-up, which would create the world’s largest market operator, will be approved by European competition authorities. EU... [more]

President ‘can be called liar’, loses public support in Germany

President Christian Wulff can be called a liar, a state prosecutor has ruled, dismissing complaints about a Green politician doing so. Wulff’s backing among the public is dwindling despite support from Chancellor Angela Merkel. Lower Saxony public prosecutor Irene Silinger ruled on Friday that calling Wulff a liar could not be considered defamatory, but should be regarded as part of the debate over his involvement in what has become known... [more]

Klum and Seal split

German supermodel Heidi Klum has separated from British singer Seal after seven years of marriage, the couple confirmed Sunday. “While we have enjoyed seven very loving, loyal and happy years of marriage, after much soul-searching we have decided to separate,” the couple told US celebrity gossip magazine People. “We have had the deepest respect for one another throughout our relationship and continue to love each other... [more]

Westerwelle counters US Europe-bashing

Germany’s foreign minister assured Americans Friday that Europe left socialism behind two decades ago, despite statements to the contrary by Republicans on the US presidential campaign trail. With Republican White House hopefuls telling voters they will prevent America from sinking into a European-type malaise, Guido Westerwelle sought to dispel the notion of a region collapsing on the back of social welfare. “When I look at... [more]

German drugstore giant Schlecker is declaring insolvency

German drugstore giant Schlecker is declaring insolvency in a desperate attempt to save stores and keep the company afloat, the company confirmed on Friday afternoon.  Schlecker managers said an insolvency petition would be delivered “shortly” to a court in Baden-Württemberg, where the company is based. A planned financing package is said to have fallen through, forcing the company’s hand. The move is not expected to have an immediate... [more]

Euro stabilises after short-covering rally

The euro held steady against the dollar on Friday and was on track for its biggest weekly gain in three months, having rallied on short-covering following its recent drop to a 17-month low. Market players said position unwinding might give the euro a further lift in the near-term, with one possible upside target at $1.3077, the single currency’s high so far in January. Greece’s negotiations with creditors on a debt swap remain... [more]

Police raid German president’s ex-advisor’s house

Police have raided the home of President Christian Wulff’s former spokesman Olaf Glaeseker as well as the offices of an event manager who was closely connected to the president when he was state premier of Lower Saxony.  Investigators looking at corruption allegations against the two men raided Glaeseker’s house near the Lower Saxony capital of Hannover as well as Manfred Schmidt’s offices in Berlin and Switzerland, removing computers... [more]

Dominique Strauss-Kahn wife: ‘I’m neither a saint nor a victim’

Anne Sinclair, the wife of former IMF chief Dominique Strauss-Kahn, has been speaking about the ordeal the couple faced when he was arrested on sexual assault charges as well as her new journalistic venture. In an interview with Elle magazine, which will appear on Thursday, Sinclair confirmed that she will be the editorial director of the Huffington Post when it launches its French version later in January. Sinclair is well-known in France... [more]

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