AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.00 Decreased By ▼ -0.04 (-0.03%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.52 Decreased By ▼ -0.03 (-0.35%)
DFML 41.40 Decreased By ▼ -0.04 (-0.1%)
DGKC 86.63 Decreased By ▼ -0.22 (-0.25%)
FCCL 32.34 Increased By ▲ 0.06 (0.19%)
FFBL 64.79 Decreased By ▼ -0.01 (-0.02%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.55 Decreased By ▼ -0.02 (-0.02%)
HUMNL 14.60 Decreased By ▼ -0.08 (-0.54%)
KEL 5.07 Increased By ▲ 0.02 (0.4%)
KOSM 7.45 Decreased By ▼ -0.01 (-0.13%)
MLCF 41.29 Decreased By ▼ -0.09 (-0.22%)
NBP 60.26 Decreased By ▼ -0.15 (-0.25%)
OGDC 189.80 Decreased By ▼ -0.30 (-0.16%)
PAEL 27.80 Decreased By ▼ -0.03 (-0.11%)
PIBTL 7.80 Decreased By ▼ -0.03 (-0.38%)
PPL 149.74 Decreased By ▼ -0.32 (-0.21%)
PRL 26.67 Decreased By ▼ -0.21 (-0.78%)
PTC 15.97 Decreased By ▼ -0.10 (-0.62%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.68 Decreased By ▼ -0.03 (-0.39%)
TOMCL 35.45 Increased By ▲ 0.04 (0.11%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.38 Decreased By ▼ -0.03 (-0.18%)
TRG 53.12 Decreased By ▼ -0.17 (-0.32%)
UNITY 26.14 Decreased By ▼ -0.02 (-0.08%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,983 Increased By 99.6 (1.01%)
BR30 31,127 Increased By 526.8 (1.72%)
KSE100 94,076 Increased By 720.5 (0.77%)
KSE30 29,146 Increased By 215.1 (0.74%)

German Chancellor Angela Merkel promised Saturday to boost new technologies, particularly in the auto industry, in a bid to resolve the economic crisis if she wins re-election in two weeks. "The job for a new government is to overcome the financial and economic crisis quickly and intelligently," Merkel told the daily Sueddeutsche Zeitung, stressing the need to defend jobs and ensure the recovery of the credit market.
"We will apply ourselves energetically to projects for the future as we have already done in various fields over the past four years," she added. "I want Germany to remain an innovative country, creative and self-confident," she said, referring to her government's efforts in protecting the environment, promoting renewable energy and improving medical techniques.
Merkel's conservative Christian Union bloc is still flying high in opinion polls and she is expected to be able to form a coalition with her favoured partner, the business-friendly Free Democrats. Much hinges on her television debate Sunday with her main rival Frank-Walter Steinmeier of the leftist Social Democrats, her current coalition partner.
In her weekly speech on the Internet, Merkel also said Germany must play a leading role in the design of the motor vehicle of the future, recalling that her government wanted to see a million electric cars on German roads within a decade.
"It's ambitious, but it's also vital because work is going on all over the world to find alternative propulsion technologies," she said. Merkel scored a personal success on Thursday when US car giant General Motors agreed to sell a majority stake in its German subsidiary Opel to a Canadian-Russian consortium as Berlin had favoured.
Half of Opel's 50,000 jobs are in Germany, and in a boost for Merkel's chances of winning a second term in the elections on September 27, Opel's new owners have pledged to keep open its four main plants in the country. In her interview with Sueddeutsche Zeitung Merkel denied wanting to save Opel at all costs for electoral purposes by offering 4.5 billion dollars in state aid if its preferred sell-off went through.
The European Commission warned Friday that such incentives must not favour German factories at the expense of plants in other EU countries, but Merkel expressed confidence that Brussels would give its approval. Although Opel factories in Germany would remain open, according to the weekly Der Spiegel some 4,100 job cuts are planned at the various plants out of a total workforce of 25,000. Factories in Belgium, Britain, Spain and Poland could be under threat. Merkel told Sueddeutsche Zeitung that the left-right coalition with the Social Democrats had managed to reduce unemployment and public debt, and avoid an economic crash. "But with the Free Democrats it will be even better," she said.

Copyright Agence France-Presse, 2009

Comments

Comments are closed.