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Nov 2, 2011

German manufacturing shrinks in October – 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.

Oct 28, 2011

German court suspends parliament’s bailout committee

BERLIN, Oct 28 (Reuters) – A German court on Friday
suspended a parliamentary committee’s right to approve urgent
actions by the euro zone’s bailout fund, potentially delaying
decision-making in Europe’s top economy on key moves to tackle
the bloc’s crisis.

A spokeswoman for the Constitutional Court said it would
investigate whether the planned use of a small closed-door
committee of 9 German lawmakers to consider urgent matters
relating to the European Financial Stability Facility (EFSF)
infringed on lawmakers’ rights.

Oct 27, 2011

German inflation dips; boosts ECB rate cut hopes

BERLIN, Oct 27 (Reuters) – German annual inflation
unexpectedly slowed in October, strengthening the case for a
growth-boosting interest rate cut by the European Central Bank
in the near future as the region’s economy weakens.

Prices still rose 2.5 percent on the year — well above the
ECB’s target of just under 2 percent. But this was mostly due to
energy prices, the Federal Statistics Office said on Thursday,
and down from a reading of 2.6 percent in September when
inflation jumped unexpectedly to a three-year high.

Oct 25, 2011

German parliament to vote on boosting bailout fund

BERLIN (Reuters) – German Chancellor Angel Merkel looks set to win a parliamentary vote Wednesday on boosting the firepower of the euro zone rescue fund with a large majority, bolstering her negotiating strength ahead of a crunch EU summit.

Merkel needs to win the vote in the Bundestag lower house of parliament, due around 1200 GMT, to have a mandate to negotiate a deal with other EU leaders aimed at delivering a range of measures to stop the euro zone debt crisis spiralling.

Oct 25, 2011

German lawmakers win full say on EFSF

BERLIN (Reuters) – German lawmakers flexed their muscles to secure a full parliamentary vote Wednesday on euro zone crisis measures negotiated by Chancellor Angela Merkel and her euro zone peers, a move senior politicians said would give Merkel a stronger mandate.

The new vote comes just one month after Germany’s Bundestag (lower of house of parliament) approved greater powers for the euro zone rescue fund, and should pass without problems, but it risks delaying Europe’s response to the debt crisis at a crucial juncture.

Oct 25, 2011

German consumer morale unexpectedly rises in November

BERLIN, Oct 25 (Reuters) – German consumer morale
unexpectedly rose going into November as a strong labour market
bolstered income expectations despite a darkening economic
outlook, the GfK market research group said on Tuesday.

The forward-looking index of consumer morale, based on a
survey of 2,000 Germans, rose to 5.3 from a reading of 5.2 in
the previous month. This beat a forecast in a Reuters poll of
economists for a fall to 5.1.

Oct 24, 2011

German right see “battling” Merkel prevailing on euro

BERLIN, Oct 24 (Reuters) – Angela Merkel’s supporters
praised her for getting France to drop demands to use the
European Central Bank to leverage euro crisis funds, but looked
like making a meal out of the German parliament’s new right to
be consulted on how these are used.

“Merkel’s Battle for our Euro,” was Monday’s headline in the
mass-circulation conservative paper Bild, saying she taught
France’s Nicolas Sarkozy “that the EFSF rescue fund cannot be
used to print money” to solve the debt crisis.

Oct 21, 2011

German business morale falls for fourth straight month

BERLIN, Oct 21 (Reuters) – German business sentiment fell
for the fourth month in a row in October, dropping to its lowest
level since mid-2010 and compounding fears Europe’s powerhouse
economy is headed for a sharp slowdown.

The Munich-based Ifo economic think tank said on Friday that
its closely-watched business climate index, based on a monthly
survey of some 7,000 companies, fell to 106.4 in October from a
revised 107.4 in September.

Oct 20, 2011

Germany slashes 2012 economic growth forecast

BERLIN (Reuters) – Germany’s government nearly halved its forecast for growth next year to one percent on Thursday due to dampened expectations for exports, compounding fears that Europe’s powerhouse economy is facing a sharp slowdown.

Chancellor Angela Merkel’s government cut its forecast for 2012 growth from a previous 1.8 percent, as well as reducing its outlook for this year to 2.9 percent from three percent.

Oct 17, 2011

German firms set goals for more women in management

BERLIN (Reuters) – Germany’s 30 top companies set voluntary targets on Monday to raise the number of women in leadership positions, in the hope of averting legally imposed quotas as a campaign to smash the glass ceiling gains momentum.

While the political leader of Europe’s largest economy is a woman, corporate management is still heavily dominated by men. There was not a single woman on the management board of a blue-chip firm until 2008, and today only 3.7 percent of top German managers are female.

    • 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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