German finance minister calls for minimum wage
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Finance Minister Peer Steinbrueck called for a common minimum wage for workers in Germany in an interview Wednesday, taking up an key issue that divides the coalition government.
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German tax revenues could rise by about 1.4 billion euros (705 million pounds) a year if there were a more efficient system of taxing prostitutes, whose work is mostly legal, according to an economist.
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Germany looks set to cut its budget overspending back within EU limits for the first time in five years this year, finance minister Peer Steinbrueck has indicated.
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The G7 finance ministers are due to meet in Germany, with the low value of the yen likely to be a key issue of debate.
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"The minimum wage is on its way, for everybody. I am sure of this"  German Labour Minister Olaf Scholz has pledged that the country will implement a minimum wage in all sectors, an issue that has been dividing the ruling coalition, a newspaper reported on Sunday. via Raw Story
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The current strength of the euro represents an "extraordinary burden and risk" to the economy and the European Central Bank should keep interest rates at a level that is "favourable" to growth, German Economy and Labour Minister Wolfgang Clement said.
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More striking German civil servants held rallies Tuesday to press for higher wages amid a growing tax evasion scandal that could give labour militants a tailor-made issue to back up their demands.
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Germans on the dole might be forced to  give up anything more than the most modest of cars to help  support themselves if a plan by conservative political leaders  is approved, German media reported on Wednesday.
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Bundesbank president Axel Weber was quoted in a newspaper interview on Sunday expressing his concerns about inflationary pressures in Germany and his fears the annual price rise may hit 3 percent by the end of the year.
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German Economy Minister Wolfgang Clement urged workers at car maker Opel to return to work as angry walkouts were staged for the second day in a row to protest General Motors' plans to slash thousands of jobs in Europe and perhaps even close a plant.
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A German finance official urged the United States to tackle its twin deficits during President Bush's second term to counter concerns weighing on financial markets, a magazine reported Saturday.
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Germany's finance minister presented a 2005 budget Tuesday that boosts government spending and foresees record interest payments on the national debt, but still aims to get the country back under European Union deficit limits.
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German Finance Minister Eichel called for the euro&#39;s &quot;brutal&quot; rise versus the dollar to be put on the agenda of the summit of G20 countries in Berlin this weekend amid concerns the greenback&#39;s slide could hit EU growth.
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Europe needs to create 'good jobs and fair conditions,' German Chancellor Angela Merkel said Thursday as the EU's executive arm promised guidelines for more flexible labor laws to promote job growth.Comment
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Struggling German department store owner KarstadtQuelle says it must cut staff wages by up to 10% in an effort to avoid job cuts.
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German Chancellor Angela Merkel on Tuesday pledged to oppose a strict European Union limit on cars' average carbon dioxide emissions, arguing that different models should face different caps.Comment
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The German government will take on an extra 14 billion euros (&#36;17.23 billion) in debt this year because the country's economic upturn so far has failed to boost tax revenue, taking new borrowing to a record level, the finance minister said Wednesday.