Germany’s parliament ratified a new Greek bailout deal, but a record number of lawmakers in Angela Merkel’s conservative bloc rejected the motion, highlighting the political risks the chancellor is taking in supporting Greece, The Wall Street Journal reported. The “yes” vote in Germany’s Bundestag cleared one of the last hurdles to the rescue, allowing eurozone finance ministers to give final approval for the bailout later on Wednesday.

Frankfurt prosecutors have charged eight current and former Deutsche Bank employees in connection with €220 million in sales tax evasion following a long-running investigation into Europe’s carbon emission certificate market, the Irish Times reported on a Financial Times story. Prosecutors did not identify the bank, but people familiar with the case say the accused are mid-ranking employees of Deutsche Bank, which was raided in 2012 as part of the investigation. Seven of the eight accused are still employed by Deutsche. A court must now decide whether to hear the case.

The insolvency of Royal Imtech's German arm last week was triggered by the parent company's failure to pay the unit 21 million euros ($23 million) it owed, Imtech Deutschland's insolvency administrator said, Reuters reported. Royal Imtech filed for protection from its creditors on Tuesday, five days after the German unit made a similar filing, overwhelmed by accounting fraud in Germany that triggered three years of operating losses and major asset writedowns.

Shares in Dutch engineering services firm Imtech tumbled more than 40 percent on Monday after it said it was trying to preserve as much of its remaining business as possible after its Germany subsidiary, its largest, filed for insolvency last week, Reuters reported. Dutch newspaper de Telegraaf, citing an internal Imtech email, said on Monday that the company had instructed employees to halt payments to suppliers and subcontractors. Imtech spokeswoman Dorien Wietsma declined to comment on the report, repeating that "all options are open" for the company.

Germany has saved €100 billion since 2010 because its borrowing costs have fallen during Europe’s debt crisis – savings that outweigh the cost of the crisis to the German economy, an economic think tank has reported, the Irish Times reported. Investors have fled instability in the euro zone for the safety of German bonds since 2010, pushing down interest rates on those bonds. Paying less interest has helped the government save more than 3 per cent of gross domestic product, the Halle-based Leibniz institute for economic research said.

Berlin's new international airport could face further delays following the insolvency of Dutch engineering group Royal Imtech's German division which has been working on the project, the airport's operator said on Friday. Imtech Deutschland GmbH & Co filed for insolvency on Thursday after failing to secure credit from lenders, adding to a list of problems at its parent company, whose shares fell more than 40 percent to a record low.

The German unit of Dutch engineering group Royal Imtech NV has filed for insolvency after failing to secure credit from lenders, adding to a list of problems at the parent and sending its shares down over 40 percent to a record low, Reuters reported. The announcement of Imtech Deutschland GmbH & Co's insolvency came hours after the company said it was "considering all options" in the wake of the subsidiary's liquidity crisis.

Yager, the German developer that was dropped from working on Dead Island 2, has filed for insolvency for the team that was working on the game, Breitbart News reported. Timo Ullmann, Yager CEO, said, “The insolvency filing is a direct result from the early termination of the project and helps protecting our staff. In the course of the proceedings, we gain time to sort out the best options for reorganizing this entity.” Ullmann did say that the Dead Island 2 team’s wages are safe for at least several months.

Spiraling German labor costs are starting to undermine the country’s famed competitiveness, threatening to hurt economic growth and investment in Europe’s largest economy, The Wall Street Journal reported. Propelled by a healthy economy and record-low unemployment, labor costs here are rising fast, as the government has further tightened its grip on the labor market, driving up companies’ wage bills.

As negotiations between Greece and its creditors stumbled toward breakdown, culminating in a sound rejection on Sunday by Greek voters of the conditions demanded in exchange for a financial lifeline, a vintage photo resurfaced on the Internet, the International New York Times reported. It shows Hermann Josef Abs, head of the Federal Republic of Germany’s delegation in London on Feb. 27, 1953, signing the agreement that effectively cut the country’s debts to its foreign creditors in half. It is an image that still resonates today.