Eurozone Needs Joint Budget - SPD Leader

Eurozone Needs Joint Budget - SPD Leader

Eurozone Needs Joint Budget - SPD Leader

"That's why it is worth fighting for this Europe", she said. She says the greatest challenge to allocating more funds to new projects lies in removing bureaucratic barriers, specifically in the planning process.

Such an investment push would cost "a lot of money", Schulz said but it would be better to spend the country's budget surplus that way than wasting it by promising voters tax cuts - a clear dig at Merkel's conservatives. That sentiment echoed French President Emmanuel Macron, who last week called Germany out for doing too little to address its trade surplus.

Angela Merkel has claimed the EU has prevented war
GETTYAngela Merkel said events in Europe made her question its future

Merkel also defended her decision to hold this month's Group of 20 summit in Hamburg, Germany's second-largest city, where some demonstrations against the meeting devolved into violent street battles between police and protesters.

Schulz, a former European Parliament president, said EU countries outside the single currency bloc should not be able to veto further eurozone integration and that those ignoring solidarity on important issues must face financial sanctions.

China's 2nd-quarter GDP growth steady at 6.9%
The ChiNext, the start-up board at the Shenzhen Stock Exchange, was down nearly 5 percent on the day, but recovered somewhat as trade continued.

German Chancellor Angela Merkel said she planned to serve a full four-year term if re-elected and defended herself against a political attack by her Social Democratic challenger that she's faltered on public infrastructure investment. A full fourth term would extend her chancellorship to 16 years through 2021. "I'm certain that Germany can do more". He riffed off Merkel's common theme that ensuring a balanced budget and restraining debt are a matter of "justice" for future generations.

Merkel contributed Germany's strength to its European Union membership stating, "If Europe is stronger, then Germany will be stronger". Merkel is the favourite to win, but as the UK's election shows, campaigns can change everything.

South Korea offers military, Red Cross talks with DPRK
Ruler Kim Jong-Un has said he would not give up nuclear ambitions until the United States ceases its hostility towards Pyongyang. The vice defence minister did not elaborate on the meaning of hostile military activities, which varies between the two Koreas.

The odds of Merkel's party winning the September election, are as of 10th July, according to William Hill, 1/14, whereas the company gives Schulz's SDP odds of 13/2.

Schulz, whose SPD pulled almost even with Merkel's faction in surveys after his surprise nomination in January, has struggled to regain that initial momentum.

EasyJet head Carolyn McCall joins ITV as chief executive officer
ITV says she will earn £900,000 a year. "After seven years, the opportunity from ITV felt like the right one to take". Broadcaster ITV climbed 3 percent as it appointed the boss of EasyJet , Carolyn McCall , as its new chief executive.

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