The German government wants to invest €1bn in the development of electric vehicles. Athough the market has been disappointing so far Germany wants to maintin its goal of one million electric cars by 2020.
Markus Kerber, magaging director of the Federation of German Industries (BDI), want to see German and European industries taking leadership to resolve the Euro crisis. As banks and governments are locked into their own problems, European industrial leaders should take the helm and try to stimulate growth with significant investments.
Open Europe's Pieter Cleppe says that where the EU has gained a lot of decision making power, it has failed most of the time. He sees democracy best performed in sovereign nations and wants the European institutions being lean and efficient.
Germany, already one of the most desired countries for refuges may face a tough challenge in financing additional social benefits for people seeking for asylum. The Constitutional Court ruled that the benefits refugees are entitled now are far too low, forcing the German government to draft a new law with significantly higher payments to be financed by the taxpayer.
In an analysis, Citi concludes that the current legal framework for the ESM does not offer special protection for taxpayers as suggested to the German parliament ahead of last week's vote. The subordination clause would trigger the CDS, why such a protection is legally not possible without blowing up the system. German politics finds itself under scrutiny over not telling parliament the truth.
Leading German CEOs appeal to the German Parliament that the United Nations Convention Against Corruption (UNCAC) should get brought into effect as soon as possible. Germany is one of the few countries not having ratified the agreement. Two other are Syria and Saudi-Arabia.
In an unusually bold statement, the German Savings Bank Association (DSGV) expressed deep concerns about a banking union in Europe. The concept was based on "completely false assumptions" and was aimed only at bailing out banks using the money of German savers. Georg Fahrenschon, president of the DSGV, instead wants national regulators to be closely overseen by the ECB. He also wants the European Banking Authority (EBA) to be shut down altogether.