Word: schr
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Last week European opposition to an assault on Iraq was particularly shrill. In Germany, Chancellor Gerhard Schröder kicked off his re-election campaign by proclaiming in a speech in Hanover that "under my leadership, this country won't participate in any adventures [against Iraq]." And in Britain, everyone from trade union leaders to former military chiefs felt compelled to air their misgivings. Pax Christi, a Catholic group, submitted a petition signed by nearly 3,000 individuals to Prime Minister Tony Blair condemning any invasion as "immoral and illegal...
...banks. It turned out to be a brutal initiation. Germans have seen their investment in Telekom plummet by nearly 90% from its 2000 high after chief executive Ron Sommer led the phone company on a binge of global acquisitions. The shareholders have been screaming for months. Chancellor Gerhard Schröder, in the midst of a tough campaign to be re-elected on Sept. 22, saw the punter-voter connection and began putting the bite, or at least the sound-bite, on the company. Last week, under this intense pressure, Sommer resigned, admitting that he had lost the board...
After weeks of controversy over his handling of the future of Deutsche Telekom, the last thing Chancellor Gerhard Schröder needed was another scandal just nine weeks before a general election. But allegations of financial impropriety swirling around Defense Minister Rudolf Scharping forced Schröder to fire him last week. "In my opinion the necessary basis for cooperation in government no longer exists," Schröder said. Scharping, 54, was ousted after the weekly magazine Stern reported that he had received payments from a public relations agency that has several defense contractors as clients. Scharping admitted...
...unemployment. Under the FDP's program, the top rate of income tax would drop to 35% from the present steep 48.5%. In addition, the FDP proposes to offer a 37,500 deduction for each child. "You say that reducing tax costs money," FDP leader Guido Westerwelle told Chancellor Gerhard Schröderin parliament during a recent debate on the economy. "We say nothing is more expensive for the country than administering unemployment." In the past, the Free Democrats have been the traditional coalition partner of the Christian Democratic Union, with the FDP usually securing the post of foreign minister...
...Putting heat on the metalworkers, the chemical workers' union two weeks ago agreed to a 3.3% increase. The companies, said Martin Kannegiesser, the employers' association president, have gone "to the limit of what was possible." A walkout now would represent a major embarrassment to the government of Chancellor Gerhard Schröder, which had promised to cut unemployment dramatically and faces re-election in September. Zwickel, the IG Metall leader who favors three-piece suits over worker's overalls, argues that big pay raises are good for the domestic economy by increasing consumer spending. But economists worry that a strike...