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European politicians are on the hunt for new sources of revenue as the continent’s fiscal situation worsens. The level of desperation is clear in the latest move from German Chancellor Angela Merkel’s coalition government to tap into the cash reserves of Internet search engine giant Google to bolster that country’s ailing publishing industry. The second item on the coalition’s list of priorities released last week was a proposal to slap online news aggregators with a tax.
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Germany's justice minister warned her Free Democrat party (FDP), the troubled junior partner in Chancellor Angela Merkel's coalition, to support its European policy or risk becoming unfit to govern. ||| Germany's justice minister on... Read Post

German Chancellor Angela Merkel said the euro zone debt crisis the continent's “toughest hour since World War Two”. ||| German Chancellor Angela Merkel said on Monday that Europe must move step-by-step towards political union, calli... Read Post

German Chancellor Angela Merkel has proposed curbs on executive pay for companies expecting to tap a 115 billion euro ($145 billion) German liquidity fund. The three parties that form Mrs. Merkel's coalition government agreed in Ber... Read Post