<b>The European Central Bank on Thursday cut its main interest rate by 50 basis points to 1.50 percent, as the troubled global economy forced it to lower its growth 2009 forecast for the eurzone.</b>
German inflation ticked up slightly to 1.0 percent in February, preliminary data released on Friday by the national statistics office showed, but was expected to fall again soon.
The European Central Bank on Thursday slashed its main interest rate by 50 basis points to 2.0 percent amid ongoing concern about the global economic slowdown.
The European Central Bank (ECB) on Thursday cut its main interest rate by a surprisingly hefty 75 basis points to 2.50 percent in an attempt to boost the flagging eurozone economy.
The European Central Bank (ECB) on Thursday cut its main interest rate by 50 basis points to 3.25 percent in an attempt to buttress the weakening eurozone economy.
<b>Germany has <a href="/money/20081013-14863.html" target="_blank">coughed up €480 billion</a> for a bank rescue package that is grudgingly accepted as a lesser evil than impending global financial chaos by newspaper editorials in The Local’s media roundup.</b>
Germany’s economy is teetering “on the brink of recession,” according to the autumn forecast of the country’s leading economic institutes published on Tuesday.
Chancellor Angela Merkel announced an unprecedented €480-billion ($643-billion) rescue package for Germany’s banks on Monday, as part of coordinated international effort to stem the global financial crisis.
Chancellor Angela Merkel said Sunday that Germany would press ahead with a raft a measures to support the country's banking sector in order to send "an important signal" to the markets.
French President Nicolas Sarkozy and German Chancellor Angela Merkel vowed Saturday to work together on the eve of a key meeting aimed at forging a united European response to the financial crisis.
German Chancellor Angela Merkel called on Friday for a framework of international market rules – in place of national regulations – to prevent financial crises like the one now threatening the world economy.
The German financial market watchdog BaFin has placed a moritorium on German operations of the biggest Icelandic bank Kaupthing, following its nationalization.
Germany does not need to nationalize any of its banks but this could change if the global financial crisis gets any worse, Finance Minister Peer SteinbrĂĽck told business daily <i>Handelsblatt</i> on Thursday.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have announced there will be “total” coordination of new measures to counter the ongoing global financial crisis.
The European Central Bank cut its main lending rate by half a percentage point to 3.75 percent on Wednesday in a concerted effort with the world's leading monetary authorities to stem the growing global financial crisis.
Germany’s leading stock index the DAX plunged below the psychologically important 5,000 mark in early trading on Wednesday, as investor flight from equities continued.
German Chancellor Angela Merkel said on Tuesday that the long-term consequences of the global financial crisis were uncertain but that she was confident the "strong" German economy would survive.
The German government raced on Monday to reassure investors and individual savers that it will protect the Europe's biggest economy from falling victim to the global financial crisis.
Signs of discord between France and Germany emerged on Thursday ahead of a proposed meeting on the financial crisis by the leaders of Europe's four biggest economies in Paris at the weekend.
Europe should prepare a financial markets safety net similar to one being cobbled together in the United States, the head of the biggest German bank, Deutsche Bank, said on Wednesday.
Deutsche Bank’s chief economist Norbert Walter told daily <i>Stuttgarter Nachrichten</i> on Wednesday that Germany and Europe would not be able to avoid recession in light of the ongoing global financial crisis.
German Chancellor Angela Merkel said on Tuesday that she expected a stalled US financial rescue package to be passed by lawmakers this week, as it is needed to bring "new confidence" to the markets.
The German mortgage bank Hypo Real Estate (HRE) was granted a last-minute "multi-billion euro" credit line from a consortium of German banks that allowed it to avoid declaring bankruptcy, it said Monday.
Germany's KfW said Monday it had fired two directors who have been suspended since the state development bank transferred more than €300 million to Lehman Brothers after it filed for bankruptcy.
