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Under pressure

Working at a newspaper is tough stuff. I’ve likened it somewhat to the songs on Nirvana’s Nevermind album. The day starts off quietly and melodiously as I saunter into the office, everything strumming along nicely at first, lulling you into a false sense of security: “Today should be an easy day,” I think to myself. …

Daily News Egypt

Review: Columnists debate Morsy’s poor performance

Several columnists have denounced Morsy’s recent visit to Germany as an example of his failure to consider the deteriorating political situation in Egypt, criticising his decision to visit Berlin amid the political uproar. Some highlight that many Egyptians regret their choice of Morsy as president.   The failing trip to Germany Mohamed Salmawi Al-Masry Al-Youm …

Daily News Egypt

Once-resilient Germany catches Europe’s crisis fever

Frankfurt (AFP)  — Germany long appeared immune to Europe’s debt crisis, as deep reforms undertaken years ago helped steel the economic powerhouse against the current financial storms lashing its neighbours. But a raft of new economic data suggest that Germany, too, is slowly succumbing to the crisis fevers and could even fall back into recession …

Daily News Egypt

Geithner visit to Germany sparks euro hopes

Brelin (AFP) — The top US finance official began meetings with his German counterpart and the head of the European Central Bank Monday, fuelling hopes Europe is readying decisive action to save the crisis-wracked eurozone. US Treasury Secretary Timothy Geithner met Wolfgang Schaeuble on a holiday island off the north German coast amid pressure on …

Daily News Egypt

Germany, France vow to do ‘protect eurozone’

Berlin (AFP) — The leaders of Germany and France threw their political support Friday behind ECB chief Mario Draghi’s vow to do “everything” to protect the eurozone, after another brutal week of market turmoil. German Chancellor Angela Merkel and French President Francois Hollande said in a joint statement released in Berlin and Paris after a …

Daily News Egypt

Deutsche Bank flag

Deutsche Bank to co-operate with Libor probe

Berlin (AFP) – Deutsche Bank wants to cooperate with European investigators probing the manipulation of interbank interest rates to limit damage to its reputation and bottom line, a newspaper said Sunday. Germany’s biggest bank has asked the European Commission and Swiss authorities to give it the status of cooperating witness in their investigation of the …

Daily News Egypt

Merkel’s next crisis

By Joschka Fischer BERLIN: With Europe bogged down by the financial crisis and its national governments failing or being voted out of office across the continent, Germany has looked like an island of prosperity and stability. Chancellor Angela Merkel has appeared to be the embodiment of the new strength of old Europe’s problem child, a country …

DNE

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