Merkel’s Cabinet agreed Monday upon the German contribution to a three-year 110 billion euro bailout by the European Union and International Monetary Fund. As Europe’s largest economy, Germany will provide 8.4 billion euro (US$10.8 billion) …

Both actions were needed after European governments and the International Monetary Fund agreed Sunday to euro110 billion ($145 billion) in loans to Greece over three years.

The cabinet was to discuss Germany’s contribution of euro8.4 billion …

The rescue is aimed at keeping Greece from defaulting on its debts and preventing its financial crisis from infecting other indebted countries just as Europe is struggling out of recession.

After chiding Athens for years of …

Report: Credit Suisse Documents Reveal German Tax Evasion Worse Than Originally Thought
February 4, 2010 /EIN PRESSWIRE/ According to the German newspaper Suddeutsche Zeitung, the German government may discover that their citizens and companies …