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Oct 31, 2012

German finance minister sees balanced budget by 2014

BERLIN, Oct 31 (Reuters) – Germany has its sights on a
balanced budget by 2014 but strong recent growth in tax revenues
will tail off from next year, Finance Minister Wolfgang
Schaeuble said on Wednesday.

Germany’s income from tax receipts should be 5.8 billion
euros higher than previously forecast in 2012, the Finance
Ministry said on Wednesday, although it will inch below previous
estimates in three of the following four years.

Oct 5, 2012

German industry orders slide on weak domestic demand

BERLIN (Reuters) – German industrial orders dropped in August as a slide in domestic demand outweighed an improvement in euro zone contracts, denting hopes that domestic appetite will sustain growth in Europe’s largest economy.

Seasonally and price-adjusted order intake dipped 1.3 percent on the month, missing by a wide margin the mid-range forecast in a Reuters poll for a 0.5 percent drop. Domestic bookings tumbled 3.0 percent.

Sep 9, 2012

German MP makes new court complaint against euro plans

BERLIN, Sept 9 (Reuters) – A lawmaker from Angela Merkel’s
conservatives has lodged a new complaint with Germany’s top
court over euro zone bailouts, but legal experts and MPs say
this is unlikely to prevent the court from making a key ruling
on the bloc’s rescue fund this week.

Germany’s constitutional court holds the fate of the euro in
its hands when it rules on Wednesday whether the European
Stability Mechanism (ESM) can go ahead, after already holding it
up for several months.

Sep 9, 2012

German lawmaker makes new court complaint against euro measures

BERLIN (Reuters) – A lawmaker from Angela Merkel’s conservatives has lodged a new complaint with Germany’s top court over euro zone bailouts, but legal experts and MPs say this is unlikely to prevent the court from making a key ruling on the bloc’s rescue fund this week.

Germany’s constitutional court holds the fate of the euro in its hands when it rules on Wednesday on whether the European Stability Mechanism (ESM) can go ahead, after already holding it up for several months.

Sep 7, 2012

German exports, imports and industrial production climb

BERLIN (Reuters) – German exports and imports edged up in July and industrial output rose unexpectedly, showing sustained resilience in Europe’s largest economy to the euro zone crisis, but economists expect to see increased signs that business is now flagging.

Data from the Federal Statistics Office showed exports and imports from Europe’s growth engine inched up a seasonally adjusted 0.5 percent and imports gained 0.9 percent in July, boosting expectations that domestic demand will carry the German economy through the debt crisis and a global slowdown in demand.

Aug 14, 2012

German GDP growth slows as possible contraction looms

BERLIN, Aug 14 (Reuters) – The German economy grew 0.3
percent in the second quarter, slightly more than expected,
although economists said the euro zone crisis and slowing global
growth may push the country into a contraction soon.

Preliminary data from the Statistics Office showed that
exports to countries outside of Europe and a pickup in
consumption compensated for investment weakness linked to the
euro zone’s problems in April-June.

Aug 14, 2012

Germany still grows in second quarter, France flatlines

BERLIN/PARIS (Reuters) – Germany posted modest economic growth in the second quarter of the year and France stagnated, official data showed on Tuesday, suggesting the euro zone as a whole contracted over the three months.

Europe’s largest economy eked out growth of 0.3 percent over the quarter, marginally beating forecasts, but it is unlikely to be able to defy gravity indefinitely unless decisive action is taken to tackle the currency bloc’s debt crisis.

Jul 10, 2012

Germany urges swift court verdict over bailout fund

KARLSRUHE, Germany (Reuters) – Germany’s top court agreed on Tuesday to examine complaints lodged against the EU’s bailout fund and new budget rules but gave no date for its verdict, keeping investors on tenterhooks over the prospects for overcoming the euro zone crisis.

Finance Minister Wolfgang Schaeuble urged the Constitutional Court to reach a speedy decision and said any significant delay in approval of the anti-crisis tools would stoke financial market turbulence and erode confidence in the common currency.

Jul 10, 2012

German govt urges swift verdict as court weighs EU bailout fund

KARLSRUHE, Germany (Reuters) – German Finance Minister Wolfgang Schaeuble told the country’s top court on Tuesday that any significant delay in approving the EU’s permanent bailout fund could fuel turbulence in financial markets and hurt confidence in the euro zone.

Schaeuble was addressing the Constitutional Court during a keenly watched hearing into whether the bailout scheme, the European Stability Mechanism (ESM), and a new fiscal pact are compatible with German law.

Jul 10, 2012

Schaeuble warns German court over euro crisis

KARLSRUHE, Germany (Reuters) – German Finance Minister Wolfgang Schaeuble told the country’s top court on Tuesday that any significant delay in approving the EU’s permanent bailout fund could fuel financial market turbulence.

The Constitutional Court has begun a hearing into whether the EU bailout scheme and budget rules are compatible with German law.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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