BERLIN (Reuters) – After securing hefty wage hikes last year, German unions are pushing for more inflation-busting raises in 2013, confident politicians will back their demands in an election year even as the economy grinds to a virtual halt.
Another healthy wage increase would help the government show it is doing its part to help struggling southern euro zone partners who are publicly pressing Germany to take steps to boost growth and help drag them out of recession.
BERLIN, Jan 15 (Reuters) – Germany’s debt agency is seeking
the chance to issue bonds denominated in a foreign currency but
volatile financial markets make it tough to find a window of
opportunity that is long enough, the agency head told Reuters.
Carl Heinz Daube, who steps down on Wednesday after five
years of administering Germany’s one trillion euros of debt,
also said the agency would continue to build up the curve of
German inflation-linked bonds and was open about maturities.
BERLIN, Jan 8 (Reuters) – More evidence of sliding German
exports and industry orders on Tuesday compounded concerns that
the euro zone crisis may have battered the region’s largest
economy into contraction at the end of last year.
German imports and exports slid in November, narrowing the
trade surplus, and industry orders fell more than expected.
BERLIN (Reuters) – German imports unexpectedly slumped in November and exports also slid sharply, narrowing the trade surplus, in a further sign the euro zone crisis led to a fourth quarter contraction in the region’s largest economy.
Imports slid 3.7 percent, while exports fell 3.4 percent, data from the Federal Statistics Office showed on Tuesday. Economists polled by Reuters had expected imports to increase by 0.4 percent and shipments abroad to drop 0.5 percent.
MADRID/BERLIN, Jan 3 (Reuters) – Anyone needing a New Year
reminder of the divide that has been threatening to tear apart
the 17-nation euro zone need only look at Thursday’s German and
Spanish jobs data.
To the north, work. To the south, unemployment.
The number of Germans out of work actually rose for the
ninth month running in December, reflecting some of the strains
of the euro zone debt crisis on Europe’s largest economy.
BERLIN, Jan 3 (Reuters) – Numbers of Germans out of work
rose for the ninth month running in December but held close to a
post-reunification low, adding to signs Europe’s largest economy
remains relatively unscathed by the region’s crisis.
Labour Office data showed the jobless figure rose by 3,000
in seasonally-adjusted terms to 2.942 million, much lower than
the consensus forecast in a Reuters poll of 23 economists for a
rise of 10,000..
BERLIN, Dec 13 (Reuters) – German economic think tank Ifo on
Thursday nearly halved its forecast for 2013 growth in Europe’s
largest economy to 0.7 percent but said domestic demand would
help it pick up next year after a brief contraction this
Ifo said it was cutting its forecast from its June estimate
of 1.3 percent growth as the euro zone’s debt crisis had hit the
economy later than expected, delaying the recovery.
BERLIN, Nov 30 (Reuters) – A bigger than expected drop in
German October retail sales dented hopes on Friday that private
consumption could compensate for the impact of the euro zone
crisis on export activity in Europe’s largest economy.
The notoriously volatile retail indicator was down 2.8
percent on the month in real terms and 0.8 percent on an annual
basis, preliminary data showed on Friday. Economists polled by
Reuters had forecast retail sales would fall by 0.2 percent on
the month and gain 1.2 percent on the year.
TORONTO/BERLIN Nov 27 (Reuters) – Deep divisions at the
Federal Reserve were on display on Tuesday, just two weeks
before the U.S. central bank’s next policy-setting meeting, with
one top Fed official pushing for more easing, and another
The divide underscores the hurdles Fed Chairman Ben Bernanke
faces as he tries to win consensus among his fellow policymakers
on the central bank’s sometimes controversial efforts to bring
down the nation’s lofty unemployment rate, which registered 7.9
percent last month.
BOCHUM, Germany (Reuters) – Germany’s fast-sinking Pirates Party struggled to overcome infighting at a congress that ended on Sunday and chart a course for next year’s federal elections that may see it cast into political oblivion as swiftly as it arrived.
Support for the Pirates, who surprisingly won seats in four states over the past year, has shrunk to around a quarter of its peak. Their demise could help the centre left recover enough votes to oust conservative Chancellor Angela Merkel.