BERLIN (Reuters) – German business morale edged up for a third straight month in July in a sign Europe’s largest economy is picking up steam and should post modest growth in this election year, although the euro zone’s travails still weigh on the mood.
A bastion of strength in the early years of the currency bloc’s crisis, the German economy narrowly avoided recession at the start of 2013 as a worsening global outlook diminished appetite for its products and willingness to invest.
BERLIN (Reuters) – German business morale rose slightly more than expected in July, edging up for a third straight month in a sign Europe’s largest economy is picking up steam after a dismal end to last year and weak start to 2013.
The Ifo think tank said its business climate index, based on a monthly survey of some 7,000 firms, rose to 106.2 in July from 105.9 in June. The reading came in just above the consensus forecast in a Reuters poll of 40 economists for a rise to 106.1.
BERLIN (Reuters) – Ata Ucertas, a doctor from Istanbul with a moustache that curls up his cheeks, was welcomed with open arms when he came to Germany this year, evidence of a shift in German attitudes as its population shrinks and labor becomes scarce.
Helped by a shortage of doctors in Germany, the 25-year-old Ucertas was issued with a visa to come learn German within two months of applying. “The immigration officials were really nice to me,” he said.
BERLIN, July 17 (Reuters) – German Finance Minister Wolfgang
Schaeuble will offer Greece 100 million euros ($131 million) for
a fund to promote economic growth in a visit to Athens on
Thursday in a move unlikely to appease protesters who resent his
firm stance on austerity measures.
Tens of thousands of Greek workers have taken to the streets
to protest this week against government plans to fire public
sector employees to satisfy foreign lenders who granted
debt-stricken Greece a multi-billion euro aid tranche this
BERLIN, July 9 (Reuters) – A German artist who beamed the
words “United Stasi of America” onto the wall of the U.S.
embassy in Berlin says Washington’s spy methods make the former
East German secret police look like boy scouts.
A video of Oliver Bienkowski’s artwork is fast becoming a
hit on the Internet in Germany, tapping into widespread outrage
over U.S. surveillance programmes revealed by fugitive
ex-National Security Agency (NSA) contractor Edward Snowden.
BERLIN, July 5 (Reuters) – A slide in demand for capital
goods at home drove an unexpected 1.3 percent drop in German
industry orders in May, underscoring fragility in Europe’s
largest economy and disappointing hopes it might support
The second monthly drop in seasonally and price-adjusted
order intake compared with a consensus forecast in a Reuters
poll of 37 economists for a 1.2 percent rise. It was a steeper
fall than even the lowest forecast for a 0.7 percent slide.
BERLIN, June 27 (Reuters) – German joblessness unexpectedly
dropped in June and the unemployment rate remained close to its
lowest level since reunification more than two decades ago,
underscoring the strength of the domestic economy.
While European peers struggle with spiralling unemployment,
Germany’s labour market is robust, propping up consumer morale
which rose to its highest level in almost six years heading into
BERLIN (Reuters) – For Recep Demir, a businessman from Germany’s large Turkish diaspora, Chancellor Angela Merkel’s opposition to Turkey joining the European Union makes perfect sense.
The chancellor, seeking a third term in power in elections in September, is ostensibly appealing to conservative supporters by postponing talks on Turkey’s accession to the 27-member bloc.
BERLIN (Reuters) – Germany’s foreign minister said tensions with Ankara were undeniable after he met his Turkish counterpart on Saturday amid a row over Berlin’s criticism of a crackdown on protesters in Turkey and its reluctance to see Turkey join the EU.
Germany and Turkey on Friday summoned each other’s ambassadors for tit-for-tat reproaches after Merkel said she was “appalled” by Ankara’s response to the protests, and a Turkish cabinet minister accused her of blocking Turkey’s accession to the EU because she was “looking for domestic political material for her elections”.
BERLIN (Reuters) – Michelle Obama and her daughters threaded roses through the narrow slots of a Berlin Wall memorial on Wednesday, honoring those who died trying to cross the Cold War barrier at a site which holds special poignancy in the once divided city.
Accompanied by Angela Merkel’s husband Joachim Sauer, who like the German leader hails from the former East Germany, President Barack Obama’s family toured the Bernauer Strasse memorial where desperate residents of East Berlin once tried to jump from their windows into the western half of the city.