Tag Archives: Angela Merkel

Merkel’s aides imposed a long hold on debt rule | Instant News


BERLIN – Chancellor Angela Merkel’s chief of staff has floated the idea of ​​suspending German rules to prevent the government from running on new debt for several years as Europe’s largest economy digests the impact of the coronavirus pandemic.

In an article for Tuesday’s issue of the Handelsblatt business daily, Helge Braun advocates stabilizing employee social welfare contributions through the end of 2023 and undertaking tax-free increases.

He wrote that such a “strategic decision for economic recovery” would have significant consequences on the budget – “in concrete terms, the ‘debt brake’ cannot be sustained in the coming years even with strong spending discipline.”

The so-called “debt braking”, introduced a decade ago, allows for new loans that amount to only 0.35% of annual gross domestic product, although they can be deferred to deal with natural disasters or other emergencies that are not under state control.

After six years in the dark, Germany will be forced to add new debt in 2020 to help cover the costs of a large support package needed by the coronavirus pandemic and an expected drop in tax revenue.

“Braking debt” was deferred to allow new loans of up to 217.8 billion euros ($ 265 billion). In the end, Germany borrowed only 130.5 billion euros; economy suffered less badly than expected, decreased by 5% – still a better result than expected. That rule was also suspended for 2021.

Braun argues that, instead of continuing to claim year-over-year exemptions to the rule, the constitution should be adjusted to define a “reliable diminishing corridor” of new loans over the coming years and “clear dates for returning debt compliance.”

Braun’s intervention is extraordinary given that debt rule has long been the pride of Merkel’s center-right Christian Democratic Union and this is an election year. Germany will elect a new parliament on September 26, a vote that will determine who will replace Merkel as chancellor after 16 years.

The center-right parliamentary group budget spokesman, Eckhardt Rehberg, rejected the idea and described the proposal as “personal opinion” Braun. He said that “solid government finances were non-negotiable” for the group.

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Germany goes to great lengths to offer Biden common ground in China | Instant News


COLOGNE, Germany – German officials are scrambling to build a common approach to China as a foundation for European-US defense relations.

The offer for effect was featured in a congratulatory tweet last week by Defense Secretary Annegret Kramp-Karrenbauer aimed at newly sworn in President Joe Biden. The “New Deal”, he called it, aims for Europe to become an “eye-level partner” for Washington rather than needy protege.

In China, the tweet read, Berlin wants a “common agenda,” adding: “as long as it suits our interests.”

This last section is remarkable not because it doesn’t seem unnecessary – countries naturally avoid going against their own interests – but as a sign that China’s viewpoint is going to become somewhat complicated. Just out of the EU trade deal with Beijing, Berlin has clung to its mantra of separating international relations into separate places, such as economy and national security – attitudes critics have found naive.

It remains to be seen what point of contact it will have with the Biden administration when it comes to China. For now, there’s still a honeymoon phase here for having a recognized trans-Atlanticist back in the White House.

“It is good that the German defense minister is leaning forward with aspirations to strengthen cooperation with the new US administration,” said Jeffrey Rathke, president of the American Institute for Contemporary German Studies at Johns Hopkins University in Washington, DC “This is also very important in view of this. I believe that the German government is engaged early and substantively with the Biden administration on matters relating to China – not just security, although security should be part of the discussion. “

However, he added, there is still uncertainty about where the objectives of trans-Atlantic defense policy meet.

“There is a more fundamental effort needed: to reach a shared trans-Atlantic understanding of how China represents a threat or challenge to the trans-Atlantic community. We use similar rhetoric – partners, competitors, rivals – to describe the different roles China plays in the world, but we don’t necessarily agree on which Chinese activities fall into those three categories, “Rathke said.

In that sense, he argues, the security and defense fields will spearhead rather than spearhead trans-Atlantic cooperation.

Meanwhile, the German Navy has continued the planning process to send frigates to the Asia-Pacific region in 2021 after the coronavirus crisis changed plans for such a mission last year. The senior official is still considering the ship’s envisioned route, although it is clear the service will sail without a dedicated support vessel, a Navy spokesman told Defense News.

The idea of ​​showing Germany’s limited military power in Chinese circles is a kind of double-edged sword, according to Sebastian Bruns, a naval analyst at Kiel University in northern Germany.

While such a “one-time mission” might make sense as a strategic gesture, its operational effect is questionable, he said. First, the operational warnings imposed on sailors by the German government, as is likely to happen, could limit the utility of missions alongside US ships. Moreover, any kind of incident on the frigate that is ongoing – engine problems or the COVID-19 outbreak – without an accompanying support vessel could reveal sea service readiness woes at the most inopportune time, Bruns said. Chinese media will have a field day.

In a sense, China emerged as a kind of crash course for the German government in understanding powerful geopolitics through means other than military. Beijing has made inroads in acquiring European port infrastructure and boosting its communication technology on the continent, Bruns said.

“If we don’t define our interests clearly, deploying naval forces to the region will only be part of a piecemeal approach,” said the analyst.

It is in this broadened view of power politics that Germany can find its niche at the intersection of trans-Atlantic and Chinese relations, some experts argue.

“If we look at security more broadly to include technological innovation – protecting the West bank and NATO and preventing Chinese attempts to acquire sensitive technology – there is much more that needs to be discussed,” said Rathke.

For example, there is work to be done in the alliance’s efforts towards greater resilience to outside influences, which could include screening investments in Europe, he added. In addition, helping countries not get caught in Chinese-controlled supply chains requires cross-border collaboration.

“Maybe NATO could be given a role in assessing the impact of certain sensitive investments in this screening process,” said Rathke.

German defense officials may try to raise China’s profile in US-German relations without direct connections to the region, according to observers. In line with that thinking, the act of strengthening European defense, thereby freeing up America’s capabilities for the Asian portfolio, could be seen as at odds with China’s common policy goals.

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Biden told Merkel that he wanted to revitalize the German alliance | Instant News


President Joe Biden told German Chancellor Angela Merkel on Monday that he wants to revitalize the transatlantic alliance with Germany, a relationship that has been strained under former President Donald Trump.

The new president has made a series of calls to foreign counterparts in recent days as part of his efforts to readjust US relations around the world after four years of Trump’s more “America First”-oriented policy.

The White House said in a statement that Biden conveyed that he views the US partnership with NATO and the European Union “as the foundation of our collective security and shared democratic values.”

Trump and Merkel’s relationship started icy cold and remained cold throughout Trump’s tenure.

After meeting Trump in 2017, Merkel said Europe can no longer be completely dependent on its allies and must become more independent.

After the 2018 NATO summit, Trump asked his members to devote at least 4% of their GDP to military spending and took aim at Merkel, who she accuses of paying Russia “billions of dollars in gas and energy” while failing to meet her country’s needs. commitment to spend at least 2% of GDP on defense.

Steffen Seibert, a spokesman for the German government, said in a statement calling for Merkel to welcome Biden’s decision on the first day of his presidency to rejoin the World Health Organization and the Paris climate agreement. Trump has withdrawn the US from international health agencies and climate deals signed by nearly every country to limit global warming.

Merkel has spoken positively election of Biden.

Last week, the chancellor said that “there is much broader political overlap with President Biden” than with Trump. But Merkel warns that not everything will go smoothly – in line with her long track record of keeping public expectations low.

“There will be differences of opinion with the Biden government as well,” he said.

One issue that is likely to continue to be debated is the German-Russian gas pipeline project, the Nord Stream 2 pipeline, which will carry Russian gas to Germany under the Baltic Sea. It faces bipartisan opposition in Washington.

Neither party mentioned the project in their statements about the leadership’s calling.

Biden also spoke with British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, President of France Emmanuel Macron and Mexican President Andrés Manuel López Obrador.

Merkel invited Biden to visit Germany as soon as the pandemic situation allowed, Seibert said.

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Modi, Xi Jinping to lead the Davos Agenda, Biden, Johnson missed the event. Details here | Instant News


However, newly elected US President Joe Biden and British Prime Minister Boris Johnson are not on the list of heads of state who will attend the annual electronic version of the world’s rich and powerful, which is held annually. in a Swiss ski resort.

French President Emmanuel Macron, German Chancellor Angela Merkel, European Commission President Ursula von der Leyen, Japanese PM Yoshihide Suga and others are also scheduled to participate in the event.

As per the schedule released on the WEF website, the Covid 19 pandemic and vaccination campaigns around the world will dominate the event. Other main topics are climate change and economic recovery.

The decision to host the event online comes amidst the situation of the Covid 19 pandemic, as the World Economic Forum wrote in its statement, the pandemic has accelerated the systemic changes seen before it began. The fault line that emerged in 2020 now appears to be a critical crossroads in 2021. However, the WEF will host the annual physical meeting in May in Singapore.

Main theme for discussion

The content is divided into 7 main themes which allow you to explore various topics covered during the meeting. Most likely like that – How to save the planet (revolving around Covid 19, climate change), A fairer economy (financial and monetary systems in different countries), Technology for good (Big data and other technological disruptions), Society and the future of work (Work culture distance, gender equality), better business, healthy future, and beyond geopolitics.

The ‘Davos Agenda’ will also mark the launch of the WEF’s ‘Great Reset Initiative’ and begin preparations for a special Annual Meeting during the spring.

Main events and who will participate

24 Jan: The concert will be performed as an expression of mutual trust, connection and hope and will feature orchestras and choirs in Beijing, Drakensberg, Florence, Kabul, Philadelphia, Vienna and Sao Paulo, with cellist Yo-Yo Ma and music director Marin Alsop. The concert was filmed on location despite the COVID-19 challenge.

Jan 25: Chinese President Xi Jinping will deliver a special speech on Monday, while the day will also see several sessions including on the COVID-19 crisis, restoring economic growth and stakeholder capitalism. United Nations Secretary General Antonio Guterres will also address a session.

26 Jan: The speakers included South African President Cyril Ramaphosa, European Commission President Ursula von der Leyen, German Chancellor Angela Merkel, French President Emmanuel Macron, and IMF Chair Crystalina Georgieva.

Jan 27: Republic of Korea President Moon Jae-in, Italian Prime Minister Giuseppe Conte and Israeli Prime Minister Benjamin Netanyahu were among the speakers listed for Wednesday.

28 Jan: Apart from Narendra Modi, Jordan’s King Abdullah II ibn Al Hussein and Argentine President Alberto Fernandez will also deliver their special speeches.

29 Jan: Singaporean Prime Minister Lee Hsien Loong and Japanese Prime Minister Yoshihide Suga will speak on Friday, the final day of the summit.

Other keynote speakers included Christine Lagarde, and Bill Gates, Punit Renjen from Deloitte, Brian T Moynihan from Bank of America, Al Gore, Ishaan Tharoor, Mark Carney, Angel Gurria from the OECD, Ajay Banga, KT Rama Rao, Masayoshi Son from Softbank and Tedros Adhanom Ghebreyesus from WHO.

Union Agriculture Ministers Narendra Singh Tomar and Harsh Vardhan will also speak at the event.

How to follow:

The WEF earlier this month released a guide on how to follow the Davos Agenda on our digital channel. In the statement, it reads, “It is imperative for leaders from all walks of life to work together virtually for a more inclusive, cohesive and sustainable future as quickly as possible by 2021.”

Indonesia

The official meeting hashtag is #DavosAgenda. Follow the tweets on this hashtag to keep up with everything that happens in the meeting. WEF will tweet live key sessions, post Fleets, and update you on sessions.

Facebook

Follow the wef.ch/facebook page for daily updates, live streaming sessions and video highlights from the event

Linkedin

Headlines, highlights and more will be uploaded to the wef.ch/linkedin page.

Instagram

The main photos, reels, stories and quizzes from the event will be featured on wef.ch/instagram

Youtube

The live stream session and collection of videos will be uploaded to the YouTube channel: wef.ch/youtube

Podcast

Subscribe to The Great Reset for daily coverage.

ICT tock

Follow the account on TikTok: wef.ch/tiktok

(With input from agencies)

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German Merkel will discuss the Russian pipeline project with the US – The Journal Record | Instant News


German Chancellor Angela Merkel said Thursday she was not leaving the German-Russian gas pipeline project facing US sanctions, but wanted to talk to the new administration about the issue.


Angela Merkel Gazprom Nord Stream 2

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