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German eurosceptics chide Merkel after state surge BERLIN: Riding a wave of momentum after a strong showing in a regional election, Germany's new anti-euro party said on Monday it was time for Chancellor Angela Merkel to wake up and accept it as a new conservative force in German politics.Like the UK Independence Party (UKIP) in Britain and the National Front in France, the Alternative for Germany (AfD) has tapped into a vein of discontent with career politicians and bureaucrats, carving out a niche to the right of the mainstream parties.On Sunday, it scored a surprise 9.7 percent in a state vote in Saxony, winning its first seats in a regional parliament and building domestic momentum following its entry into the European Parliament earlier this year.Merkel's CDU has dismissed the AfD as a fringe party with far-right leanings, but if it builds on its Saxony success and enters two more eastern state parliaments in Thuringia and Brandenburg later ...

Britain unveils powers to strip suspected Islamist fighters of passports LONDON: Prime Minister David Cameron on Monday announced plans to strip suspected Islamist militants of their passports temporarily, to combat the threat posed by radicalised Britons returning from Syria and Iraq. The proposals come days after Cameron raised Britain's terrorism alert to its second-highest level, saying Islamic State (IS) in Syria and Iraq posed the country's greatest-ever security risk.An IS video released last month, purporting to show a man with a London accent man beheading ...
Merkel calls anti-euro party success a 'protest vote' BERLIN: German Chancellor Angela Merkel dismissed on Monday an anti-euro party's success in a weekend state election as a "protest vote" but admitted her party must do more to address constituents' frustrations.Speaking at her conservative Christian Democratic Union's headquarters about the poll in the eastern state of Saxony on Sunday, Merkel said voters gave the Alternative for Germany (AfD) a nearly 10-percent result to send the mainstream parties a message."A big part of this result ...
Russia's Putin welcomes China as Vankor oil project investor MOSCOW: President Vladimir Putin said on Monday that he welcomed the idea of Chinese investors joining the Vankor oil project led by Russia's Rosneft.Addressing Zhang Gaoli, China's vice-premier who is visiting Russia, Putin said that Rosneft's Chief Executive Officer Igor Sechin had offered China to join the Vankor project."The government will support such plans," Putin said, according to a transcript on the Kremlin website.Copyright Reuters, 2014 ...
Turkish Deputy PM Babacan to keep responsibility for economy ISTANBUL: Turkish Deputy Prime Minister Ali Babacan will retain overall responsibility for the economy in the new cabinet, government spokesman Bulent Arinc said on Monday, a move likely to ease concerns of a turf war within government. The announcement of new Prime Minister Ahmet Davutoglu's cabinet on Friday saw Babacan retain his post as a deputy prime minister, but the appointment of Numan Kurtulmus, head of economic affairs in the ruling AK party, as another ...
Putin urges Europeans to have 'common sense' over sanctions threat MOSCOW: Russian President Vladimir Putin urged the EU on Monday to show "common sense" and not to engage in mutually destructive sanctions, in his first reaction to the threat of additional punitive measures over Ukraine."I hope that common sense will prevail, ... that we will work together normally and that we and our partners will not cause harm by poking at one another," Putin was quoted as saying by Russian news agencies during a visit ...
German train drivers call three-hour warning strike FRANKFURT: A union for German train drivers called for a three-hour walkout on Monday to turn up the pressure on management of the national rail operator Deutsche Bahn in gridlocked wage talks.The GDL union called a warning strike from 6:00 pm (1600 GMT), saying it would primarily affect freight trains rather than passenger trains so as to spare commuters. Deutsche Bahn is demanding that GDL sign a cooperation agreement with the group's own in-house union ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln