Shaky Germany, France Worry Europe
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery &#151; and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.
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Prospects for a vibrant eurozone economic recovery took a hammering as France joined Germany in reporting flagging momentum and the EU commission trimmed its growth forecast.
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Investor confidence in Germany, Europe's largest economy fell unexpectedly in June, figures suggest.
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Business confidence in Germany, Europe&#39;s largest economy, fell to its lowest level in more than a year in November as the euro&#39;s climb to a record high against the dollar threatened exports and unemployment at a five-year high crimped consumer spending
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Business confidence in Germany slipped for the sixth month in October, as companies in the eurozone's biggest economy took a dimmer view of the six-month outlook, a survey showed Thursday.
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Angela Merkel and Jacques Chirac meet informally every two months The EU's Enlargement Commissioner, Olli Rehn, has urged Germany and France not to step up the pressure on Turkey over its membership bid.Comment
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Four months after Nicolas Sarkozy became France&#39;s new president, a cool wind is blowing between Paris and Berlin as tensions appear in his pivotal relationship with Chancellor Angela Merkel.
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Many nations in Europe are now feeling an autumn chill of slackening economies and warnings of further market upheaval.
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The reforms to the EU's stability and growth pact will help to defuse the escalating two-year crisis which has seen France and Germany repeatedly flout its deficit rules.
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Bowing to the inevitable -- following persistent breaches of the rules by the eurozone&#39;s two most powerful members, Germany and France -- Brussels announced plans that would make the pact less rigid.
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THE euro nations expressed concern overnight at sharp volatility in currency rates, and in a thinly veiled call to the US urged âall major countriesâ to put appropriate policies in place.
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Business confidence in Germany, France and Italy, the biggest of the 12 economies using the euro, probably fell this month, suggesting economic growth may struggle to accelerate, surveys of economists showed.
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Airbus faced growing paralysis on Tuesday over plans to axe thousands of jobs as French and German politicians quarrelled over the cuts and Berlin dampened hopes of a quick solution at a bilateral summit this ...Comment
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The Russian-Georgian spying row, Germany's Afghan mission and a French Socialist leader's decision to bow out of the presidential race are key concerns in European papers on Friday.
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German business confidence slipped for a fourth month in five in September, suggesting rising oil prices and stagnant consumer spending may hold back the pace of growth in Europe s biggest economy.
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"I'm worried about the growing attacks that France is deploying against its European allies, against the Germans, the Luxembourgers, against all of the European countries."  France faces thinly concealed and growing frustration from Paris' European partners, irked at President Nicolas Sarkozy's strident position towards EU spending limits and attacks on the ECB. via Raw Story
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Comment on the German mainstream parties' latest electoral setback in two eastern states provides one of the main topics in today's European dailies. In France, President Jacques Chirac and three new-found allies earn brownie points.