KELHEIM, Germany (Reuters) – Germany’s Mittelstand, the small and mid-sized companies that power Europe’s largest economy, was already battling its biggest crisis in a decade trying to absorb rocketing energy bills. Then the government warned it might have to turn … Read More
BERLIN, (Reuters) – Germany’s tax take surged again in November, rising 15.4% on the year to 54.9 billion euros, thanks to its recovery from the pandemic earlier this year, although the economic upturn has since waned, according to the finance … Read More
BERLIN (Reuters) – The number of COVID-19 infections is still much too high in most German regions and people must do more to reduce their contacts to slow the spread of the disease, German Economy Minister Peter Altmaier said on … Read More
As more Germans took to the streets in opposition to coronavirus curbs, Chancellor Angela Merkel promised more help for businesses affected by the new lockdown. German Chancellor Angela Merkel on Saturday assured businesses that they would receive additional support during the … Read More
Merkel’s Chief of Staff on the Coronavirus. Helge Braun, the head of Angela Merkel’s Chancellery, warns in an interview of a possible exponential rise in the number of coronavirus cases. He warns of the risk of long-term economic damage if … Read More
BERLIN (Reuters) – Germany’s massive spending to shield Europe’s largest economy from the coronavirus shock has pushed overall debt to its highest level on record, data showed on Tuesday. The overall debt from federal government, regional states, municipalities and social … Read More
ANGELA MERKEL has been dealt a blow after an economic expert warned five million Germans are at risk of unemployment amid a bankruptcy wave due to the coronavirus crisis. The EU’s largest economy is preparing for an economic downturn as … Read More
In the long run, the COVID-19 pandemic may change Europe’s economy for the better. People wearing face masks walk in front of a euro sign in Frankfurt am Main, Germany, on April, 24. YANN SCHREIBER/AFP/GETTY IMAGES Germany’s fiscal prudence hasn’t made … Read More
The German Chancellor’s surprising move to back a cashed-up EU recovery fund is giving fresh impetus to a supranational approach. The German Chancellor has a record of defying orthodoxies and the Covid-19 crisis cries out for extraordinary steps BERLIN • … Read More
The coronavirus pandemic will hit Germany’s economy harder than any other calamity in decades, according to Economy Minister Peter Altmaier. An expert told DW that projections of recovery in 2021 were “wishful thinking.” With the coronavirus pandemic unleashing a wave … Read More