The strong economy will allow Berlin to significantly reduce state debt in 2012 - but the cost of the EU bailouts means that from 2013 Germany will have to borrow more than previously anticipated.
Chancellor Angela Merkel attempted some damage control on Sunday after her remarks about the work ethic in certain Mediterranean countries were taken badly last week.
Germany's troubled Hypo Real Estate bank, which last year narrowly avoided bankruptcy before being nationalised, will get another €40 billion in state guarantees, a government agency said on Friday.
Under threats of intervention from the government, Germany’s big banks are scrambling to hand out consumer information packs explaining the risks of various accounts and investments, a report revealed Sunday.
German businesses are likely to be hit hard by Dubai’s debt crisis through a slump in orders for exports, the head of Germany's chamber of commerce told daily <i>Neuen Osnabrücker Zeitung</i> on Saturday.
New German Economy Minister Rainer BrĂĽderle pressed banks Wednesday to increase lending to small- and medium-sized enterprises to support a recovery from the worst recession since World War II.
The biggest clearance sale in German history started with a whimper rather than a bang on Sunday, when the website of bankrupt mail-order giant Quelle collapsed.
Germany's worst recession since the Second World War has lost much of its intensity according to reports published on Monday by the Finance Ministry and central bank.
More than 10,000 companies declared insolvency in Germany between January and April this year, official data showed Wednesday, as the global economic crisis hits Europe's top economy harder than most.
Eastern German women are the surprise winners of the financial crisis, according to a new study showing they are losing work at a much lower rate than other groups in the country.
Ailing sports carmaker Porsche’s financial troubles are much worse than feared and the company needs another cash injection of €2.5 billion, news magazine <i>Der Spiegel</i> reported on Saturday.
Despite some more optimistic data for the German economy recently, Frank Bsirske, head of the service industries trade union Verdi, has warned of mass job losses in the autumn.
The German chemicals and pharmaceuticals giant Bayer on Wednesday posted a 44 percent drop in first quarter net profit, owing mainly to poor results from its chemical division.
The German government’s newest economics advisor says a number of failing banks should be allowed to collapse, and predicted that hundreds of thousands of jobs would be lost in Germany.
German President Horst Köhler on Tuesday admonished Chancellor Angela Merkel’s coalition for political infighting during tough economic times and said the global crisis showed markets needed stronger state regulation.
Germany’s biggest holiday company TUI Deutschland will put its workers onto short shifts in order to try to stabilise its economic position and save jobs, it announced on Saturday.
German Finance Minister Peer SteinbrĂĽck warned on Friday that the world must avoid a spiral of 1930s-style protectionism as senior G7 finance officials headed to Rome for talks on the economic crisis.
Award-winning British director Michael Winterbottom unveiled "The Shock Doctrine" Monday, one of a raft of Berlin Film Festival entries looking at what set off the chaos ravaging the global economy.
According to a new report published Saturday in news magazine <i>Der Spiegel</i>, experts at the German finance ministry calculate that tax-payers will have to shell out a further €120 billion to save Germany’s crisis-stricken banks.
<b>Roger Boyes, Berlin correspondent for British daily The Times, explains why Scientologist actors and German politicians could learn something from a suicidal billionaire.</b>
<b>With Chancellor Angela Merkel telling the nation 2009 is likely to be a hard year for Germany, Roger Boyes, Berlin correspondent for British daily The Times, tries to put the tough times in perspective.</b>
German Chancellor Angela Merkel on Thursday backed a €200-billion EU economic stimulus target as Berlin faced pressure to contribute more to the package at a summit in Brussels.
If the German government distributed consumer vouchers as part of its plan to stimulate the economy, most people would buy furniture or a new washing machine, according to a poll published by newsmagazine <i>Stern</i> on Wednesday.
