Despite positive developments in Germany, Chancellor Angela Merkel has cautioned that the pandemic has only just begun. She also said Germany should be prepared to open its pocketbook to help the EU. The decision to impose restrictions on public life … Read More
There is only one priority for Germany and the UK right now and that is dealing with COVID-19. The available estimates of the costs of shutdown in the form of lost value-added show that the coronavirus epidemic will cause costs … Read More
FRANKFURT (Reuters) – The German economy is expected to have grown last year at the slowest pace since the eurozone’s debt crisis, hit by a slowdown in exports that was only partly compensated by domestic strength, the country’s central bank … Read More
TEHRAN (FNA)- Speaking before the lower house of parliament in Berlin, German Chancellor Angela Merkel stated on Wednesday that the US will no longer defend Europe automatically and that the latter should make more efforts to defend itself. “Europe is … Read More
Fresh figures suggest that Europe’s biggest economy may be heading for a recession, as its growth slowed in the second quarter. Calls for more fiscal stimulus are growing louder, but the government sees no need for it. Western Europe hasn’t … Read More
| Business Insider –Three of Europe’s largest economies are under threat of recession, which could spell a crisis across Europe. –Dozens of companies in Germany have turned to “short-time” work — cutting employee hours — a canary in the coal … Read More
In a new assessment of the country’s economic performance, the Fund warned: “The export-dependent economy has been hit hard by the slowdown in global demand.” The report, released this week, added: “The country’s export dependence and financial openness make it … Read More
Stormy times ahead for the eurozone’s economic powerhouse? -Getty Images Concerns are growing over the strength of Germany’s economy – the largest in the eurozone – following the release of more gloomy official figures. Industrial production in April fell by … Read More
Stormy times ahead for the eurozone’s economic powerhouse? -Getty Images Concerns are growing over the strength of Germany’s economy – the largest in the eurozone – following the release of more gloomy official figures. Industrial production in April fell by … Read More