Germany Archive

2009-01-09 EU News Highlights

[Skip to the end] Highlights Trichet Sees ‘Significant’ Economic Worsening, II Magazine Says European Confidence Drops to Record Low; Unemployment Increases German Exports Drop 10.6% as Recession Hurts Orders German Ministry Seeks $136 Billion Fund to Ease Company Credit German bond sale’s fate signals trouble ahead ‘Bond failures’ are not all that ...Read More

German budget squeeze, the noose tightens

[Skip to the end] More likely to be higher than expected as the economy deteriorates and credit markets remain problematic. German Budget Squeezed as Crisis Hurts Revenue, Forces Outlays By Brian Parkin German Chancellor Angela Merkel’s government faces revenue shortfalls this year and will have to expand net borrowing in 2009 as ...Read More

Germany- no proactive fiscal response

[Skip to the end] This means the deficit will rise via the automatic stabilizers only- falling tax receipts and higher transfer payments, and the economy will get that much worse to get the deficit to where it needs to go to reverse the economic decline. Given the proactive fiscal responses from the ...Read More

German fiscal balance

[Skip to the end] The fastest economic growth this decade in 2006, Merkel’s first full year in power, and in 2007 helped her administration to narrow the deficit. The economy expanded 2.9 percent in 2006 and 2.5 percent last year, helping cut cumulative public sector deficit to 37 billion euros and 400 ...Read More

Reuters: German surplus

[Skip to the end] Wrong time for tight fiscal from a macro perspective, and contributed to the subsequent slowdown, but as a credit sensitive entity they are compelled to go in that direction. It’s one of those darned if you do and darned if you don’t. German budget surplus seen at 7 ...Read More