Economy

Chance of more QE peps Dax, troubles economists

The European Central Bank (ECB) announced Thursday that it may continue buying eurozone governments' bonds into 2016, hoping to free up banks' cash to invest in business. The German stock market reacted excitedly – but economists aren't convinced.

Economy

ECB says 'recovery is there' in eurozone

Economic recovery has arrived in the 19 countries that share the euro, but it is up to governments to ensure it endures, European Central Bank executive board member Benoit Coeure said on Thursday.

Economy

Top economist forecasts solid 2011 growth

The head of the Munich-based Ifo Institute for Economic Research is forecasting steady growth of 2.4 percent for the German economy next year.

Economy

Trade unions switch to aggressive strategy

After years of agreeing to moderate pay hikes to safeguard jobs, Germany's powerful unions are gearing up for a dramatic change of strategy, bidding for wage gains that bosses say could derail the recovery.

Economy

Allianz predicts economic boom in 2010

Germany's insurance giant Allianz foresees a massive recovery for the country's economy this year, with growth exceeding official forecasts and unemployment rising only marginally, a report said Friday.