Amid a dispute over tax cuts, German Chancellor Angela Merkel’s ruling coalition has prepared the groundwork for a new economic stimulus package designed to protect Germany from recession. A key element of the talks between Merkel’s conservative Christian Democrats (CDU) and her Social Democrat (SPD) partners was how to...

As currencies go, the euro is still in short trousers. But where once it was dwarfed by the powerful pound, now the two currencies are rubbing shoulders. Ten years on since its birth, the euro is the strongest it has ever been. A year ago, a pound would have...