Word: german
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Dates: during 2000-2009
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...state aid. In return, GM say they will restructure Opel by cutting costs and loosening the company's ties with the parent company in Detroit. Opel would become an autonomous legal entity, half of which could end up in the hands of private investors. The question is: should German taxpayers help out America's biggest carmaker...
...cost-cutting plans have terrified Opel's 26,000 workers in Germany. Over the past month, rumors of mass layoffs and plant closures have been swirling in the German media. Union leaders are clamoring for a quick decision on the bailout. But Chancellor Angela Merkel's government wants guarantees that any cash that it doles out will not flow back to GM's embattled operations in the U.S., or go down the drain if GM goes bust. (Read a TIME story on Germany's auto industry...
...that most of the calculations on stimulus packages forget the so-called automatic stabilizers: Europe's generous welfare payments that kick in when unemployment rises. "The U.S. government should better familiarize itself with economic-stimulus measures in Europe that have already been started or are about to get started," German Finance Minister Peer Steinbrück said at a meeting of E.U. economic and finance ministers on March 9. German Chancellor Angela Merkel said in February that she wants the G-20 summit to focus on reforming financial markets and that she sees the stimulus debate as a distraction...
...unfair to blame Germany for holding everyone back," says Elmar Brok, a German member of the European Parliament with Merkel's conservative Christian Democratic Union. "We are already doing a lot at home, both federally and at state level. And we are doing it differently to the U.S., because we have made a lot of bank guarantees. But we also need to think about repaying our debts. Who will do it? The next generation...
...showing a series of films funded by and promoting the Marshall Plan in Western Europe in a program called “Selling Democracy, Films of the Marshall Plan: 1948-1953.” The event, organized by curator Sandra P. Schulberg and funded by the Goethe-Institut (a German non-profit cultural institute), features 25 short films constructed around the Marshall Plan’s deployment in Europe. The films range widely in genre and rhetorical strategy, from simple narratives about how the Plan’s programs could improve daily life, to more broadly pedantic lectures...