Word: schr
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...Publicly, the big dogs of European integration dismissed the Irish upset as no big deal. The French assembly quickly backed the Nice Treaty last week 407-27, with 113 abstentions. At a summit in Freiberg, French President Jacques Chirac and German Chancellor Gerhard Schröder pledged to work for Nice's ratification "according to the existing timetable and without any delay...
...have become muted, with Angela Merkel, the CDU leader, announcing a nuanced change to her party's outright opposition to immigration to allow a small number of temporary visas to help industry fill its job vacancies. But this is indeed a minor shift: when the government of Chancellor Gerhard Schröder appealed last month for a bipartisan consensus on immigration so that it won't become an issue in next year's parliamentary election, the CDU rejected the plea...
...currently dominate the E.U. remained on their guard. France's Socialist Foreign Minister Hubert Védrine warned that his government would be "attentive and, if necessary, vigilant" toward the new Italian administration, while Prime Minister Lionel Jospin pointedly refrained from making any declaration at all. German Chancellor Gerhard Schröder, a Social Democrat, issued a notably cool statement, saying his government "took note" of the Italian results and "respected the decision" of the voters. Britain's center-left Prime Minister Tony Blair was a better sport, phoning his congratulations to Berlusconi Monday night...
...GERMANY The E.U.'s Future German proposals for a strong European executive with more legislative and economic powers drew a cool response from other E.U. countries. The plan, drawn up by Chancellor Gerhard Schröder's Social Democratic Party, would create a new European legislative chamber to take the place of the Council of Ministers, and would give the European Parliament total control over the European Union budget. France's European Affairs Minister, Pierre Moscovici, summarily rejected the plan. Belgium, Italy and the Netherlands reacted positively, but Austria and Denmark warned against the creation of an E.U. "superstate...
...deal became feasible after the government of Chancellor Gerhard Schröder last year pushed through an end to the 50% capital gains tax for corporations, which had led many firms to sit on their investments. "The end of the capital gains tax is facilitating the restructuring of the financial sector in Germany and the eurozone," says Thomas Mayer, chief economist at Goldman Sachs in Frankfurt. "An acquisition currency has become usable with the elimination of capital gains...