Germany

Germany Approves UniCredit Stake In Commerzbank

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Germany Approves UniCredit Stake In Commerzbank

Last month, the office of the Federal Cartel of Germany approved the second plan of the Italian lender to buy a major participation in Commerzbank supported by the State. Unicredit revealed last year that he had obtained a position of approximately 28%, with plans to increase it to 29.9%, just less than the 30%threshold forcing … Read more

Germany on path for early election after Scholz requests confidence vote By Reuters

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Germany on path for early election after Scholz requests confidence vote By Reuters

BERLIN (Reuters) – German Chancellor Olaf Scholz on Wednesday asked parliament for a confidence vote on Dec. 16, paving the way for snap federal elections after the collapse of his coalition. Policymaking in Europe’s biggest economy has largely stalled since Scholz’s fractured coalition of the Social Democrats (SPD), the Greens and the neoliberal Free Democrats … Read more