Bureau Chief for Germany, Austria, Switzerland
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Jun 6, 2014

Activist Draghi rings alarm bells in Germany

BERLIN, June 6 (Reuters) – Mario Draghi’s bid to jump-start
Europe’s economy by pushing interest rates to record lows has
been greeted with dismay in Germany, his policy denounced as a
“risky therapy” that could fuel U.S.-style asset bubbles and
discourage reform in crisis-hit euro states.

In a country still haunted by the hyper-inflation of the
1920s and where the uber-prudent Swabian housewife is held up as
a model, the Italian ECB chief’s latest attempt to save the
currency bloc drew the ire of economists, editorialists,
Germany’s new anti-euro party and even allies of Angela Merkel.

Jun 6, 2014

German exports climb in April, Bundesbank raises 2014 growth forecast

BERLIN, June 6 (Reuters) – German exports rose at the
fastest pace in nearly two years in April while industrial
output inched up, and the Bundesbank raised its 2014 growth
forecast for Europe’s largest economy.

Exports, traditionally a driver of the German economy,
struggled last year and fell in two of the first three months of
this year, putting a drag on overall growth.

    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
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