BERLIN/AMSTERDAM, March 26 (Reuters) – Snow is piled high on
the cars in a deserted dealership in Berlin, and it is not just
the stubborn wintry weather that is gnawing at salesman Mustafa
Kosak, shivering at his desk in a portable office.
“Sales were drastically down in January, February; sometimes
we are happy just to cover our overheads,” said Kosak, 38,
wrapped up in a big overcoat.
BERLIN, March 18 (Reuters) – Leaders of Germany’s new
anti-euro party took their nascent campaign to Berlin on Monday,
keen to reassure potential voters that they are neither populist
nor extremist and have come up with a considered plan to bring
back the Deutschmark.
The “Alternative for Germany” has been denounced by the
country’s mainstream parties as an irrational group of
scaremongers, keen to profit from anxiety over the growing cost
of euro zone bailouts in Europe’s paymaster.
BERLIN (Reuters) – Three surveys this week are expected to confirm Germany’s economy is rebounding from a dismal end to 2012, widening its advantage over the euro zone’s struggling southern states and neighbouring France.
Europe’s largest economy held up strongly during the first 2-1/2 years of a debt crisis that has hammered growth across the bloc, before contracting in the last quarter of 2012 as firms postponed investment and exports suffered.
BERLIN (Reuters) – Germany’s Free Democrats, Angela Merkel’s junior coalition ally, pledged on Sunday a combative election campaign based on fiscal discipline and liberal social policies, but a poll suggested they might not even make it into the next parliament.
Published on the second day of a convention where FDP leaders vowed unity after months of squabbles, the poll showed the pro-business party dropping a percentage point to 4 percent, below the 5 percent threshold for entering the assembly.
BERLIN (Reuters) – German industrial output was unchanged in January, undercutting expectations for a slight rise and compounding concerns that the euro zone’s largest economy will not rebound as strongly from contraction as sentiment indicators have suggested.
The output data, coming on the heels of figures showing industry orders unexpectedly fell in January, pointed to the continuing weakness of the economy after it shrank in the last quarter of 2012.
BERLIN, March 7 (Reuters) – A leader of Germany’s Pirates
has said he will resign after infighting tarnished the image of
the anti-establishment party that has sunk from being the
country’s third most popular to a virtual has-been.
The Pirates stormed onto the political stage one and a half
years ago, winning 9 percent of the vote in Berlin’s assembly
and tapping into a deep vein of voter discontent running not
only through Germany but across Europe, plagued by debt and weak
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.