BERLIN, Nov 14 (Reuters) – Philipp Klais, who runs the organ
manufacturer in Bonn that his great-grandfather founded in 1882,
gets requests every week from foreign officials as far away as
Korea to visit his company. This baffles him.
“They want to find the secret to our success,” said Klais,
whose organs stand in concert halls and churches from Taiwan to
Argentina, as well as in Germany. “But we don’t see any, we just
do what we do, and have been doing for the past 130 years.”
BERLIN (Reuters) – Germany’s Greens on Saturday elected a former environment minister and an east German Lutheran to spearhead their campaign for next year’s federal elections, when they have solid chances of returning to government.
The two campaign leaders reflect the broadening appeal of Germany’s third largest party beyond left-wing eco-warriors to more centrist voters, posing a threat to the two larger parties and especially to Chancellor Angela Merkel’s conservatives.
BERLIN (Reuters) – German exports slid in September at the fastest pace since late last year, hit by declining demand among its crisis-wracked euro zone trading partners.
Imports also fell, adding to evidence that the crisis is inflicting a heavy toll on the currency bloc’s largest economy.
BERLIN (Reuters) – German manufacturing, the locomotive of Europe’s largest economy, is running out of steam three years into the euro zone debt crisis, which has clobbered orders and output.
Data on Wednesday showed output slid by 1.8 percent on the month in September, more than forecast and the sharpest drop since April. A day earlier, data had shown industrial orders fell 3.3 percent month-on-month in September.
BERLIN (Reuters) – German industrial output fell more than forecast in September and the government’s economic advisers said the economy would grow by just 0.8 percent this year and next as Europe’s largest economy gets dragged deeper into the euro zone crisis.
Recent data from Germany, Europe’s growth locomotive and paymaster, has been largely disappointing, with business sentiment worsening, the private sector contracting, joblessness rising and industrial orders falling at their sharpest rate in a year, though consumer morale has held up and exports have leapt.
BERLIN, Nov 7 (Reuters) – Germany must do more to
consolidate its budget given a darkening outlook, the country’s
panel of economic advisers said on Thursday.
The group, traditionally known as the “wise men”, criticised
the social welfare plans Chancellor Angela Merkel’s cabinet
agreed ahead of next year’s federal elections.
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.
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.
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.
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.