Hesse’s state premier and deputy chairman of the Christian Democratic Union (CDU), Volker Bouffier arrives on stage to address supporters as the results of the first exit polls were announced at the state parliament in Wiesbaden, western Germany. Photograph: Thomas Kienzle/AFP/Getty Images

Germany’s ruling parties are reeling from their second electoral upset in a fortnight, after voters in the key state of Hesse appeared to have abandon(...)

“It was the Irish government that imposed the farthest-reaching guarantee for its banking system at the start of the crisis – on its own initiative,” said German finance minister Wolfgang Schäuble. Photograph: Eric Luke

On a dismal Tuesday night, 600 Berliners have braved the snow and a bitter, Siberian wind to fill the Deutsches Theater. Six bankers prowl the (...)