Southern German airports reopen after ash cloud scare

Five southern German airports closed on Sunday due to a second ash cloud from an Icelandic volcano have been reopened, authorities announced late on Sunday evening. The German air-traffic control agency (DFS) had closed air space above airports at major hubs Munich and Stuttgart, as well as regional airports Augsburg,Memmingen and Friedrichshafen, due to a high concentration of ash in the atmosphere above the region. Most of the... [more]

Europe Agrees 500bn Euro Rescue Package

Europe has agreed a 500bn euro (£433bn) emergency package to stabilise the eurozone and stop the panic from the Greece crisis spreading further. It is made up of 440bn euro (£381bn) from eurozone members, and a 60bn euro (£52bn) top up of an existing EU budget fund for helping struggling economies. An additional 250bn euro package has also been offered by the International Monetary Fund. The monster bail-out came after 11 hours of talks... [more]

Merkel in Moscow to mark VE Day

Chancellor Angela Merkel on Sunday took part in Moscow ceremonies tomark the end of World War II in Europe. Her invitation by President Dmitry Medvedev is seen as a sign of improving relations between Germany and Russia. Merkel attended the victory parade on Red Square to mark the 65th anniversary of VE Day. The German government described her invitation as a sign of “how important reconciliation is for the Russian hosts.” Russian Prime... [more]

Pirates capture German tanker, 22 crew: EU force

Suspected Somali pirates on Saturday hijacked a German-owned chemical tanker and 22 crew firing heavy artillery during a dramatic boarding, a European naval force said on Saturday. The crew of the Marida Marguerite — made up of 19 Indians, two Bangladeshis and a Ukrainian — were nevertheless said to be “well” by the anti-piracy naval task force, citing radio contact. “The ship was approached by a pirate skiff... [more]

German parliamentary vote backs Greece bail-out funding

Germany’s parliament has approved a 22.4bn euro (£19bn) contribution to a bail-out plan for debt-ridden Greece. The lower house, the Bundestag, passed the bill after fiery criticism of Chancellor Angela Merkel. The upper house also endorsed it. Greece’s 15 partners in the eurozone will lend it 80bn euros spread over three years – the IMF 30bn euros. Later on Friday, Chancellor Merkel will join other eurozone heads of state... [more]

Merkel gets pay rise of €4,000 a year

Chancellor Angela Merkel will be paid an extra €334 per month – or just over €4,000 a year – after the federal government approved its own pay rise, sparking anger from taxpayers, German media reported Friday. The DuMont group of newspapers reported that Merkel currently earns €15,833 a month, not including her MP’s salary. But based on figures worked out by theGerman Taxpayers Association (BdSt), that figure will... [more]

Air Berlin reveals scope of volcano damage

The knock-on damage to airlines because of last month’s volcano ash cloud over Europe is becoming clear after Germany’s second biggest carrier, Air Berlin, on Thursday revealed a sharp drop in the number of seats it filled in April. As well as having 550,000 fewer seats because of the 3,500 cancelled flights, the airline had also suffered from a drop in bookings because passengers were unsure whether they’d be able to fly,... [more]

Merkel says EU’s future at stake in Greek crisis

German Chancellor Angela Merkel said on Wednesday that the Greekdebt crisis had put the fate of the Europe Union and Germany’s role within the bloc on the line. “The future of Europe and the future of Germany within Europe is at stake,” Merkel said in parliament in a debate on Berlin’s unpopular decision to lend €22.4 billion ($29.1 billion) in taxpayers’ money to Greece. Merkel defended the aid package... [more]

U.S., other big powers back Mideast nuclear arms ban

The United States, Russia, Britain, France and China on Wednesday voiced support for making the Middle East a nuclear-arms-free zone, which would mean Israel would have to scrap any atomic bombs it has. “We are committed to a full implementation of the 1995 NPT resolution on the Middle East and we support all ongoing efforts to this end,” the five permanent U.N. Security Council members said in a unanimous statement... [more]

IMF Head Admits Risk Of Greek Crisis Spreading

The German Chancellor and the head of the International Monetary Fund (IMF) have warned of financial contagion unless a eurozone debt crisis is stopped in Greece. Angela Merkel, whose government has been accused of delaying its approval of a bailout package, said the crisis marked a turning point for the European Union. “The future of Europe and the future of Germany within Europe is at stake,” Mrs Merkel said. Her comments... [more]

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