Senior Economics Correspondent, Germany
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Aug 29, 2015

EU parliament chief attacks ‘cynical’ states over refugee crisis

BERLIN (Reuters) – The “glaring failures” of some European countries to take in refugees are turning the Mediterranean into a mass grave and creating gruesome scenes at borders, the head of the European Parliament has said.

Martin Schulz, a German Social Democrat, said those European governments that have resisted European Union proposals to agree a common plan must do more to deal with the crisis, which is intensifying due to a surge in migrants fleeing war and poverty.

Aug 26, 2015

Analysis – Once a source of envy, Germany’s China exports turn into a risk

BERLIN (Reuters) – Germany’s export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe’s largest economy.

Germany has the greatest trade exposure to China of the 28 European Union nations, largely thanks to demand for its cars and the strength of its engineering industry.

Aug 26, 2015

Analysis – Once a source of envy, Germany’s China exports turn into a risk

BERLIN (Reuters) – Germany’s export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe’s largest economy.

Germany has the greatest trade exposure to China of the 28 European Union nations, largely thanks to demand for its cars and the strength of its engineering industry.

Aug 26, 2015

Once a source of envy, Germany’s China exports turn into a risk

BERLIN (Reuters) – Germany’s export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe’s largest economy.

Germany has the greatest trade exposure to China of the 28 European Union nations, largely thanks to demand for its cars and the strength of its engineering industry.

Aug 25, 2015

Rise in German business morale masks uncertainty over China

BERLIN/MUNICH, Aug 25 (Reuters) – German business morale
rose in August, but the exports that drove a second-quarter
expansion may falter later this year if China’s slowdown hits
Europe’s largest economy, the Ifo economic institute said.

Munich-based Ifo said on Tuesday its business climate index,
based on a monthly survey of some 7,000 companies, edged up to
108.3 in August from 108.0 in July. The reading was the
strongest since May.

Aug 25, 2015

Rise in German business morale masks China risks ahead

BERLIN/MUNICH (Reuters) – German business morale rose in August, but the exports that drove a second-quarter expansion will falter later this year as China’s slowdown hits Europe’s largest economy, the Ifo economic institute said.

Munich-based Ifo said on Tuesday its business climate index, based on a monthly survey of some 7,000 firms, edged up to 108.3 in August from 108.0 in July. The reading was the strongest since May.

Aug 20, 2015

Germany wants IMF involved in Greek bailout for reform rigour: sources

BERLIN (Reuters) – Germany wants the International Monetary Fund involved in Greece’s new bailout because of the economic rigour it brings more than for any financial help, government sources said on Thursday.

In previous bailouts the IMF has been a tough taskmaster, demanding reforms and actions that Greece’s euro zone partners have not always been keen to push for.

Aug 19, 2015

Germany backs Greek bailout as Tsipras mulls early polls

BERLIN/ATHENS, Aug 19 (Reuters) – Germany’s parliament
approved a third bailout for Greece on Wednesday after Finance
Minister Wolfgang Schaeuble argued the country should get “a new
start”, while in Athens the government agonised over whether to
call a snap election.

The Bundestag’s vote cleared one of the final obstacles to
Greece getting funding so that it can make a 3.2 billion euro
debt repayment to the European Central Bank on Thursday.

Aug 19, 2015

German lawmakers back third Greek bailout

BERLIN (Reuters) – German lawmakers overwhelmingly voted in favor of a third Greek bailout on Wednesday, heeding a call from Finance Minister Wolfgang Schaeuble to give Greece the chance for a new start, despite his own concerns it might not work.

There was a sizeable rebellion in Chancellor Angela Merkel’s own party ranks, however, suggesting she cannot return to parliament to seek aid for Athens again.

Aug 19, 2015

‘Give Greece a chance’, Schaeuble tells lawmakers before vote

BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble urged lawmakers to back a third bailout for Greece in a vote on Wednesday, saying while there were no guarantees of success, it would be irresponsible not to give Greeks the chance for a new start.

Lawmakers are expected to overwhelmingly support the 86 billion-euro ($95 billion) bailout, even though Chancellor Angela Merkel faces a dangerous rebellion in her own party ranks.

    • About Paul

      "I lead our economic news file from Berlin, where we report on the performance of the German economy – Europe’s largest – and economic policy: everything from financial regulation to dealing with the euro zone debt crisis. I previously reported on political and economic news from Paris and on earlier assignments worked in Frankfurt, Vienna and London."
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