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Apr 20, 2012

German business morale up for sixth straight month

BERLIN, April 20 (Reuters) – German business sentiment
unexpectedly rose for the sixth month in a row in April in a
sign that Europe’s largest economy continues to outpace peers
and shrug off persistent worries about the euro zone debt
crisis.

The Munich-based Ifo think tank said on Friday its business
climate index, based on a monthly survey of some 7,000
companies, inched up to 109.9 in April from 109.8 in March,
taking it to its highest level since July 2011.

Apr 19, 2012

Berlin Biennale showcases contemporary political art

BERLIN, April 19 (Reuters) – Hundreds of birch trees from
the biggest Nazi death camp, at Auschwitz-Birkenau in Poland,
are dotted around Berlin as a living memorial of this dark
chapter in Germany’s past.

The trees, called Birke in German, lent their name to the
Birkenau camp where as many as 1.5 million people, mostly Jews,
perished between 1940 and 1945.

Apr 11, 2012

Low returns dampen demand at German debt sale

LONDON/BERLIN, April 11 (Reuters) – Safe-haven Germany
offered the lowest ever return of 1.75 percent on its 10-year
government bonds on Wednesday, dampening demand for its debt
despite concerns about Spain and Italy.

Investors sold Spanish debt on Tuesday and yields jumped at
an Italian bill auction on Wednesday, on doubts about whether
those countries can keep debt and deficits in check. This had
drawn attention to the auction of Germany’s low risk debt.

Apr 9, 2012

Photographer captures Soviet avant-garde architecture

BERLIN, April 9 (Reuters) – British photographer Richard
Pare is on a mission to capture Soviet avant-garde buildings
before they turn to ruins in the hope of raising awareness about
this little-known period of experimentation in modern
architecture.

The exhibition “Building the Revolution: Soviet Art and
Architecture 1915-1935″, which opened in Berlin on Thursday,
displays his work in colour alongside black-and-white archive
photos of the buildings under construction and modernist Russian
artworks.

Apr 5, 2012

Germans, Swiss clinch deal to tax secret deposits

BERLIN/BERN (Reuters) – Switzerland and Germany are to toughen their tax crackdown on secret Swiss bank accounts in a move that could pour billions of extra euros into German state coffers, but which does not go far enough for the country’s main opposition party.

The deal could end a diplomatic spat that has dragged on for years and net Berlin billions of euros in revenues from Germans who parked their cash in the small Alpine nation to avoid taxes, while preserving Switzerland’s cherished banking secrecy.

Apr 5, 2012

German tax dodgers face extra Swiss tax vigilance

BERLIN/BERN, April 5 (Reuters) – Switzerland and Germany are
to toughen their tax crackdown on secret Swiss bank accounts in
a move that could pour billions of extra euros into German state
coffers, but which does not go far enough for the country’s main
opposition party.

Social Democrat (SPD) leader Sigmar Gabriel said his party
would vote against the revised deal when it goes to the
Bundesrat upper house of parliament, where Chancellor Angela
Merkel’s government needs opposition support to ensure passage.

Apr 2, 2012

German wage deal could pave way for much-needed consumption boost

BERLIN, April 2 (Reuters) – A German public sector wage rise
secured at the weekend is likely to bolster wage demands in the
private sector that will pressure companies but could also pave
the way for a much-needed revival of consumption without risking
undue inflation pressure.

Under a deal agreed on Saturday, around 2 million public
sector workers are set for a 3.5 percent pay increase this year
and a 6.3 percent increase over two years, including this year.

Mar 30, 2012

Germany says Schlecker workers will find new jobs

BERLIN, March 30 (Reuters) – Thousands of workers at
insolvent Schlecker drug store chain will soon find new jobs in
Germany’s buoyant economy, the government said on Friday, after
regional leaders failed to agree a rescue package for the ailing
retailer.

Union leaders, politicians and media have criticised
Chancellor Angela Merkel’s junior coalition partner, the
low-tax, pro-business Free Democrats (FDP), for torpedoing plans
for a 71 million euro loan guarantee to set up an agency for the
retraining and job placement of 11,000 Schlecker employees.

Mar 30, 2012

German retail sales fall unexpectedly in February

BERLIN, March 30 (Reuters) – German retail sales fell
unexpectedly in February, down 1.1 percent on a monthly basis in
real terms, denting hopes that private consumption will support
Europe’s largest economy in the first quarter.

The notoriously volatile indicator has fallen four out of
the last five months, contrasting with expectations for retail
to hold up well in the light of a robust labour market.
Economists polled by Reuters had forecast retail sales to rise
1.2 percent on the month.

Mar 29, 2012

German jobless rate falls to new record low

BERLIN (Reuters) – Germany’s jobless rate dropped to a new post-reunification low of 6.7 percent in March, bucking the trend in other euro zone countries and bolstering hopes that private consumption will underpin Europe’s largest economy this year.

Seasonally-adjusted data from the Labor Office showed that unemployment dropped for a fifth consecutive month in March by a stronger-than-expected 18,000 to a total of 2.841 million. The consensus forecast in a Reuters poll of 35 economists was for joblessness to drop by 10,000.

    • About Sarah

      "Sarah Marsh is a Reuters correspondent based in Berlin, where she covers the economy, political and general news. She joined Reuters as a graduate trainee in 2007 and worked in London, Frankfurt and Vienna before moving to Berlin in May 2009."
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