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LyrArc brings in selected articles from many of the world's top publications.

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New York Times Original article ›
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Alison Smale describes a perception of German preference for "order" and "peace and quiet" in its response to the Ukraine crisis. He describes how Germans responded first to the news of NSA surveillance of Angela Merkel's phone, and then to the crisis in Ukraine. German public opinion has preferred a policy of diplomacy and engagement with Russia- letting Russia vent its feelings about NATO enlargement to its borders something American respected diplomat Kennan suggested avoiding- to resolve the crisis without disturbing the economic relationships built up over many decades and different administrations, from the time of Willy Brandt and Kohl to the present day.
New York Times Original article ›
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Finally after prolonged dithering Angela Merkel had her cabinet approve 22.4 billion euros of loans to Greece over 3 years, with parliamentary approval the next step. And the ECB followed this with its announcement that it would accept Greek debt as collateral regardless of downgrades. This follows the approval of a $110 billion rescue plan for Greece from the IMF and other European nations announced over the weekend. That ECB decision comes in the wake of Standard and Poors decision to downgrade Greek debt to junk status.
SPIEGEL ONLINE Original article ›
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Roland Nelles gives 6 reasons why chancellor Merkel is likely to run for chancellor in 2017 and do well. Nelles says the alternative is a Greens, Left party, SPD coalition as in Berlin. But the rest of Germany is too conservative and the very idea of that coalition could bring conservatives together behind Merkel, including the CSU. It would give CDU voters second thoughts about switching to the anti-immigrant AfD party. Also important he says is that the immediacy of the refugee issue could fade as the German government better handles the refugee situation, including security, housing and integration. And as the agreement with Turkey is holding for controlling flow of refugees and turning them back. Also compared to SPD Merkel is still 8-10 points ahead in polls today says Nelles, so that there are still many Merkel supporters. In addition to what Nelles says, Strack in DW.com points out how Merkel's openness even showing emotions sometimes, about how the refugee crisis caught her and the German government unprepared, could help her in coming months. ...
dw.com Original article ›
New York Times Original article ›
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Teva has agreed to acquire German generic pharmaceutical maker Ratiopharm for 3.62 billion euros. Germany is the second largest generics market in the world at $8.8 billion and the acquisition makes Teva the top generics company in Europe.
Wall Street Journal Original article ›
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German chancellor Merkel says after a meeting with U.S. Secretary of State Kerry, after disagreements over NSA spying activities- "Mutual interest will be the motor for finding common solutions step-by-step. We talk about such questions of NSA openly even when there are differences." In the first address to parliament as head of the new CDU-SPD coalition, Merkel said mass collection of phone data by NSA only led to mutual mistrust and in fact diminished rather than increased security. Germans are even more sensitive than the U.S. about such spying after traumatic experience under Gestapo and Stasi secret police during 1931-2090.
BBC News Original article ›
dw.com Original article ›
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Christmas market running car into a crowd on Dec 21 in Magdeburg pushes security as the main issue with migration not attracting workers for labor shortages. All parties are against migraton today in Germany. Professor Hohne of the Technical University in Chemnitz says

"With that, other facets of migration are pushed to the background — such as, for example, how to address Germany's labor shortage or attract skilled workers. I fear that the attack in Magdeburg will further strengthen this bias."

BBC News Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
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Chinese car company Shuanghuan's CEO was on display at the Franfurt auto show. Its rear looks like a BMW X5 and BMW has charged that it copied the X5 and filed suit to prevent it from being marketed in Germany. Shuanghuan also has a minicar that is called Noble which looks like the Daimler's Smart minicar. Daimler also is taking legal action to prevent the marketing of the Noble in Germany. Only the X5 was shown at the Frankfurt Auto show getting criticism from Reithofer who is head of BMW. Critics say that the Chinese actually have borrowed from several car designs and from different aspects such as the interior aand exterior of different brands,thus the X5 is seen as borrowing from the front of a Toyota Land Cruiser and the rear of a BMW X5. The price difference is huge 29,000 euros for the CEO vs 59,000 euros for a X5. Currently the Chinese are struggling with safety issues in their cars by makers such as Brilliance and the Landwind. Both cars did badly in tests conducted by the German automobile club ADAC. Landwind's model is being retooled for safety while the Brilliance which has a collaboration with BMW for the Chinese market presented a new subcompact the BS2 as an alternative to the VW Golf....
Wall Street Journal Original article ›
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German banks lent $21.3 billion to the Icelandic borrrowers according to the Bank for International Settlements, well over a quarter of all international lending to Iceland. Most of Iceland's banks have collapsed. Iceland's central bank chief says lenders are likely to get only 5,10 or 15% back.
Wall Street Journal Original article ›
Wall Street Journal Original article ›
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The German parliament votes 439 to 119 on July 16, 2015, approving a 86 billion euro aid and loan package to Greece under an aid for reforms plan. 60 members of chancellor Merkel's CDU group voted against compared to 29 voting against the bailout extension of Feb. 2015. This included approval of 7.16 billion euros in short term funding for July 20, to meet a 4.2 billion euro payment to the ECB. This was conducted as a special session of parliament. Chancellor Merkel said: "we would be acting with crude intelligence and irresponsibility if we didn't at least try this path." Finance Minister Schauble told parliament- "We believe that there is a chance that we can bring these negotiations to a successful conclusion," yet he cautioned that after the negotiations of coming weeks "we will have to discuss whether the negotiations have shown a way that works."
DW.COM Original article ›
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Approval process by government is now much stricter and the approval process takes longer for new wind turbines. A leading renewable energy developer BayWa re. estimates 45% of the old turbines installed 20 years ago would not be approved under today's stricter standards. As these become unprofitable a lot of new turbines have to replace older ones. After years of gains suddenly in 3 years the wind power capacity installed each year is dropping sharply, and is in deep trouble. Especially because wind energy plays a big role in Germany, accounting for 25% of total electricity production in 2019, solar only has 10%. For all of Germany only 290 MW was installed in first half of 2019, 80% drop from same period 2018.  In 2018 2800 MW of wind turbines were installed, and that was down from 5000MW in 2017. Problems in addition to stricter approval standards is the resistance from the public which fears wind turbines close to residential areas could affect health of residents. In Bavaria 10H ban is imposed on new installations, requiring 10 times the height of the wind turbine as minimum distance from homes. Other issues are wildlife and the impact on  birds in the area. 300 turbines for 1200 MW are blocked for this reason. Other reasons are military concerns, FM radio beacons. It used to take 10 months for approval. Now the process is so long that the technology itself has changed by that time. Commercial risks are growing for operators in this environment as new costly regulations come into place. A regulation in Brandenburg requires payment of 10,000 euros to neighboring municipalities per wind turbine. Subsidy eligibility is also being cut. ...
The Wall Street Journal Original article ›
The Wall Street Journal Original article ›
BBC News Original article ›
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Chancellor Merkel meets President Trump in a key summit in March 2017. The two leaders have different styles, one flamboyant the other reserved. Chancellor Merkel tells the German media "it is better to talk with each other than about each other." Trump called Merkel's refugee policy "catastrophic," Merkel has said that the Geneva convention requires countries to do this on humanitarian grounds. On trade German's Economy minister Brigitte Zypries says Germany would file a suit on any hike in import duties at the World Trade Organization, that WTO rules restrict import taxes to 2.5% on autos. Germany's BMW plant in the U.S. exports more autos than GM and Ford put together, and Merkel is likely to emphasize large German investment in the U.S.. The heads of BMW and Siemens and other industry executives are accompanying Merkel to the U.S. as trade will be a key topic.

Wall Street Journal Original article ›
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The increase in immigrants in German society is creating new tensions especially with immigrants who fail to integrate into German society. A large increase in refugees from the wars in the Middle East in 2014 is creating new tensions. Asylum applications went up from 127,023 in 2013 to 181,453 for 11 months of 2014. According to the OECD the 1.2 million immigrants admitted to Germany in 2014 make it the second largest destination for economic migrants in the world. Immigrants have also come from Greece and other countries experiencing economic difficulties. The protests in Dresden, drawing 10,000 people, show a significant minority opposes the current immigration policy. Similiar opposing views were expressed in the recent elections in Sweden and at the elections for the European parliament. The CDU Interior minister Maiziere says the Pegida movement cannot call itself as "patriots," as the acronym Pegida stands for "patriotic Germans against the Islamization of the West."
Wall Street Journal Original article ›
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A Infratest Dimap opinion poll for broadcaster ARD shows 70% of Germans rating finance minister Schauble's work positively in July 2015.
Wall Street Journal Original article ›
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German plan takes shape Saturday as Finance Ministers of the 14 eurozone countries meet in Paris after the G7 meeting in Washington. It will include capital injection into banks in exchange for equity stakes, but further details are being worked out including the size of the plan.
WSJ Original article ›
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Under a new law going into effect on Oct. 1, 2017 and supported by Angela Merkel's government, all social networks will be required to delete within 24 hours "all illegal content." This is an effort to take immediate action against hate speech, libel and other illegal content. Companies could be fined upto $57 million. Germany's Justice Minister Heiko Maas said "we cannot accept that social networks ignore our laws." Mr. Maas says the voluntary effort setup earlier had not worked as the social media companies were too slow. The law now means the networks will devote more resources, with Facebook increasing the staff for this purpose doubling it almost from 4500 to 7500, showing that the problem had not been addressed the way it needed to be. The new law details 22 sections of the criminal code that social networks need to enforce. Including laws banning libel, character defamation, hate speech, insults against religions, offensive statements and privacy violations. Britain's May and France's Macron have also called the efforts of the networks insufficient. A similar law in the U.S. before the 2016 election could have saved the country from many of the problems arising from illegal content being posted, including damage to the image of the U.S., inciting deep divisions, racial tensions, hate rhetoric and defamation leading to coarsening of public dialogue and debate.  During 2016 many European leaders were exposed to hate speech including Angela Merkel. The social networks were slow to respond and did not take their civic duty as seriously as they should have considering the grave damage to the social and political fabric of the U.S. and the European Union countries. The governments also took time to act, studying the problem carefully before taking action leading to further damage, one reason the current legislation was passed quickly and decisively. Experts say other countries will act following the German example to preserve civil dialogue and strengthen democracy. ...
New York Times Original article ›
New York Times Original article ›
LyrArc Article Gist
About 30% of German bank debt will mature in less than a year, according to the German central bank, well above the long term average of 22%. In its annual financial stability report, the Bundesbank provided a warning that German banks have increased their dependence on short term financing. This is a risky practice if a bank is caught short when interest rates rise. Hypo Real estate, a German property lender had to be taken over by the German government, because it could no longer borrow at short term rates below what it was receiving in interest for its long term loans. Andreas Dombret, a member of the central bank executive board, said that new bubbles could form in certain securities markets as banks make "a renewed increase in the search for yield."
BBC News Original article ›
LyrArc Article Gist
Katya Adler, Europe Editor of the BBC, points out the change in Germany as AKK, Anne Margaret Kampbrauer, the new leader of the ruling CDU party, brings a change of tone in its outreach to Britain. AKK is slated to be the next chancellor. Her vision was expressed in a letter to The Times saying with other Germans that her wish was for Britain to remain in the EUroepan Union, that she was asking Britain to reconsider. She also supports a second referendum on Brexit.    There is also anxiety in Germany about the effects of no-deal Brexit taking out 0.5% of German GDP at a time when Germany's economy is struggling in 2019. About 100,000 job loss is expected from no-deal Brexit in Germany. As Germany's tone is changing, AKK offers a new face in German relations with Britain that looks towards building a better relationship with Britain. Could this change minds in Britain as a new mood takes place in Germany, and in some ways in France with the emergence of populists in recent years calling for France to leave the EU. AKK tell BBC that Brexit has been a strain for all of us, that in some ways it has paralyzed us. She tells the BBC's Adler that anything that keeps Britain in the EU is something that would make her personally very happy. Rarely have German leaders or public expressed it in this way. Compared to the indifference of the past Germans and Britons having second thoughts offer some more light to the issues of Germany and Britain at a more personal level. ...

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