German Finance Minister Peer Steinbrück warned on Wednesday that the next government after September’s general election would have to contend with a “mammoth” problem of mounting debt.
German firms are getting over the recession blues and expect a stabilisation in Europe’s biggest economy after the turmoil of recent months, the closely watched Ifo survey suggested on Monday.
Chancellor Angela Merkel defended on Monday Germany's heavy dependence on exports that has made Europe's largest economy one of the biggest casualties of the global recession.
A third of Germans think the economy won’t recover before the second half of 2010, well after economists believe the recession will have ended, according to a new poll.
Prosectors in Essen said Friday they are investigating former Arcandor CEO Thomas Middelhoff for criminal breach of trust for real estate dealings he had with the now-bankrupt retail giant.
The German government rejected a plea Monday by troubled retail group Arcandor for emergency loans and guarantees, as the leading shareholder in travel agency Thomas Cook lurched towards insolvency.
German industrial orders, a key indicator in Europe's biggest economy, were stable in April compared with the previous month, the economy ministry said on Monday.
The heads of Germany’s theatre and opera houses have called for investments in permanent ensembles and a freeze on the growing number of temporary work contracts handed out to actors and dancers.
The future of stricken German retailer Arcandor and its 50,000 employees looked bleak this week after the European Commission said it would take a dim view of any state aid.
German retail sales rose by an unexpected 0.5 percent in April from March, official statistics showed Friday, suggesting that consumption could help ease the country's historic recession.
Germany's unemployment rate fell to 8.2 percent in May from 8.6 percent the previous month, unadjusted figures released on Thursday by the Federal Labour Agency showed.
Century-old German department store chain Hertie, owned by British financial group Dawnay Day, said Wednesday it was going out of business and closing all 54 of its stores.
Hopes rose on Tuesday that the worst could be over for Europe's largest economy as a closely-watched German sentiment index rose to a near three-year high in May after a seventh consecutive monthly gain.
Nearly 20 years after the fall of the Berlin Wall, Germans from the country’s formerly communist eastern half remain at greater risk of falling into poverty.
Germany's representative in the European Commission launched a sharp attack on his own country's banks on Monday, saying they had been "world champions" in investing in risky financial products.
The global recession is hammering exporting giant Germany harder than any time since records began 40 years ago, with data on Friday showing a first-quarter output slump of 3.8 percent.
Germany's cabinet agreed on a "bad bank" scheme on Wednesday to clean up toxic assets from banks' balance sheets, a key plank of Berlin's bid to turn around Europe's biggest economy.
The global economic crisis hasn’t affected the German psyche much until now, but a new study released on Friday shows fears about the recession and job loss have surged dramatically.
Commerzbank reported a sharp quarterly loss on Friday due to the financial crisis and its purchase of Dresdner Bank, but said it would recover by 2011 without additional state aid.
Markets welcomed unexpectedly good German industrial output data on Friday after Europe's biggest economy posted a slight rise in trade, signs it was not finished with recession but was starting to see some hope.
