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Dec 21, 2011

Analysis: Germany faces recession risk as crisis hits confidence

BERLIN (Reuters) – After breezing through the euro zone debt crisis for the past two years, Germany’s economy could fall into recession as anxious businesses hold off on investment and exports wither.

Economists who once predicted a mere slowdown in growth for Europe’s largest economy are now slashing their forecasts and predicting contraction, possibly for two consecutive quarters, depriving the region of its most powerful motor.

Dec 18, 2011

German president in peril over use of private villas

BERLIN (Reuters) – German President Christian Wulff, an ally of Chancellor Angela Merkel, said he did use the villas of business friends for private holidays, the latest twist in a scandal that could cost him his job after just 18 months.

Although the president’s role is largely ceremonial, damaging headlines reflect badly on Merkel as she pushed for his appointment.

Dec 18, 2011

German president in peril after says stayed in villa

BERLIN (Reuters) – German President Christian Wulff, an ally of Chancellor Angela Merkel, said he did use the villas of business friends for private holidays, the latest twist in a scandal that could cost him his job after just 18 months.

Although the president’s role is largely ceremonial, damaging headlines reflect badly on Merkel as she pushed for his appointment.

Dec 14, 2011

Germany won’t offer higher yields to “incentivise” bidders

BERLIN (Reuters) – Germany has no plan to “incentivise” bidders at its debt auctions by offering yields above market rates next year, despite having had some uncovered auctions in 2011, the head of the German debt agency told Reuters on Wednesday.

While yields in euro zone periphery countries’ bond auctions have been hitting record highs in recent months on concerns about the debt crisis, safe-haven Germany’s yields have hit record lows, making its debt less attractive.

Dec 14, 2011

German solar firms go from boom to bust

BERLIN/FRANKFURT (Reuters) – When Tino Blaesi joined the solar sector gold rush, he thought his career was made. Seven years later, he is looking for a job outside the industry after his company slashed more than a third of its workforce in one day.

Workers in Germany’s once booming solar energy industry face a shakeout of major proportions following declines in the price of solar panels over the past year.

Dec 13, 2011

Merkel’s post-summit glow fades in Germany

BERLIN (Reuters) – Praise for Angela Merkel’s tough negotiating skills in forcing through a deal on European budget rules has given way to warnings that the chancellor risks using up her political credit among Germans.

Britain’s rejection of last week’s agreement, backed by the EU’s other 26 leaders, gave Merkel respite from foreign media caricatures casting her as a Kaiser or Fuehrer intent on dominating Europe.

Dec 13, 2011

Analysis: Merkel’s post-summit glow fades in Germany

BERLIN (Reuters) – Praise for Angela Merkel’s tough negotiating skills in forcing through a deal on European budget rules has given way to warnings that the chancellor risks using up her political credit among Germans.

Britain’s rejection of last week’s agreement, backed by the EU’s other 26 leaders, gave Merkel respite from foreign media caricatures casting her as a Kaiser or Fuehrer intent on dominating Europe.

Nov 8, 2011

German exports hit record in September, outlook dimming

BERLIN (Reuters) – German exports hit a new record in September, helping the trade surplus rise to its highest level since June 2008, in a sign Europe’s largest economy was still outperforming peers even as clouds gathered over the horizon.

Analysts said the strong data, contrasting with figures from France showing the trade deficit widening more than expected, indicated exports would drive solid third quarter growth.

Nov 2, 2011

German manufacturing shrinks for first time in 2 years

BERLIN (Reuters) – Germany’s manufacturing sector contracted in October for the first time in more than two years as new orders fell for a fourth month in a row, data showed on Wednesday in the latest sign Europe’s bulwark economy is set for a sharp slowdown.

Markit’s Purchasing Managers’ Index (PMI) fell for a sixth consecutive month in October to hit 49.1 — just above an initial estimate of 48.9 but below the key 50 line that divides growth from contraction.

Nov 2, 2011

German manufacturing shrinks in Oct for 1st time in 2 years: PMI

BERLIN (Reuters) – Germany’s manufacturing sector contracted in October for the first time in more than two years as new orders fell for a fourth month in a row, data showed on Wednesday in the latest sign Europe’s bulwark economy is set for a sharp slowdown.

Markit’s Purchasing Managers’ Index (PMI) fell for a sixth consecutive month in October to hit 49.1 — just above an initial estimate of 48.9 but below the key 50 line that divides growth from contraction.

    • 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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