The Local Germany

Central bank upgrades German growth forecast

Fri, 04 Dec 2015 10:06:38 +0100

The German central bank or Bundesbank on Friday said it was upbeat about the outlook for expansion in Europe's biggest economy, upgrading its growth forecast for 2017.

Electric cars fail to gain traction in Germany

Wed, 29 May 2013 09:37:00 +0200

Germany plans to have one million electric vehicles on its roads by 2020, but so far that goal seems remote as the nation's motorists have shown little love for the quietly humming vehicles.

Wulff cancels ThyssenKrupp trip after hearing of job losses

Sat, 07 May 2011 13:16:00 +0200

German President Christian Wulff cancelled a visit to the new ThyssenKrupp steel works in Rio de Janeiro on Friday evening after hearing about the company’s restructuring programme which will mean the loss of 35,000 jobs.

Merkel predicts more jobs as consumer zeal signals recovery

Tue, 28 Sep 2010 12:44:00 +0200

German consumer and business confidence were at three-year high points on Tuesday and Chancellor Angela Merkel forecast that unemployment could fall below three million in Europe's biggest economy.

Merkel warns Europe's fate tied to euro

Wed, 19 May 2010 13:10:00 +0200

Chancellor Angela Merkel called Wednesday for a radical overhaul of Europe's fiscal rules along German lines, warning of "incalculable consequences" for the European Union if the euro were to fail.

Merkel says EU aid fund will protect the euro

Mon, 10 May 2010 11:33:00 +0200

German Chancellor Angela Merkel said Monday that an emergency trillion-dollar rescue package for crisis-hit eurozone countries would serve as bulwark for the beleaguered euro.

Merkel says EU's future at stake in Greek crisis

Wed, 05 May 2010 11:09:00 +0200

German Chancellor Angela Merkel said on Wednesday that the Greek debt crisis had put the fate of the Europe Union and Germany's role within the bloc on the line.

Merkel backs Greece but demands change

Mon, 03 May 2010 14:57:00 +0200

German Chancellor Angela Merkel called on Monday for sweeping changes to the way the deficits of euro area countries are managed as her cabinet approved an unpopular multi-billion-euro aid package for Greece.

Merkel: Greek bailout must be 'accelerated'

Wed, 28 Apr 2010 19:47:00 +0200

German Chancellor Angela Merkel said Wednesday that talks between Greece, the International Monetary Fund and the European Union on a bailout package for Athens must be sped up.

Majority of Germans oppose Greek bailout

Tue, 27 Apr 2010 13:36:00 +0200

Fifty-seven percent of Germans think giving aid to Greece would be a "bad decision," according to a survey published Tuesday, highlighting the level of public opposition to a bailout in Europe's biggest economy.

Merkel hails EU deal on Greek financial aid

Fri, 26 Mar 2010 12:39:00 +0100

German Chancellor Angela Merkel on Friday hailed a European deal to support debt-laden Greece, saying it would provide stability for the euro. But the German media said Berlin could pay a high price for its victory.

Merkel to push for 'last resort' aid for Greece

Thu, 25 Mar 2010 12:21:00 +0100

German Chancellor Angela Merkel said she will push at Thursday and Friday's EU summit for International Monetary Fund aid to Greece and bilateral loans from eurozone members, but only as a "last resort."

Playing Europe’s bad cop

Wed, 24 Mar 2010 14:07:00 +0100

Ahead of an EU summit this week, Chancellor Angela Merkel has taken a hard line on financial aid for Greece. The Local’s Marc Young explains why the euro needs someone other than Germany to play Europe’s bad cop.

Crisis-hit Iceland and Greece target German tourists

Fri, 12 Mar 2010 12:22:00 +0100

Some Germans might be known as finicky and demanding travellers, but crisis-hit European countries like Greece and Iceland are targeting Teutonic tourists in hopes of easing their economic woes.

1 mln jobs saved by reducing working hours

Thu, 24 Dec 2009 17:32:00 +0100

German businesses saved over a million jobs in 2009 by reducing working hours, a new report revealed Thursday.

Opel workers protest against General Motors

Thu, 05 Nov 2009 14:36:00 +0100

Tens of thousands of angry German auto workers protested on Thursday against General Motors' decision to keep its Opel unit – a move called a slap in the face for Chancellor Angela Merkel by the country's media.

GM U-turn on Opel stirs German fear and loathing

Wed, 04 Nov 2009 18:58:00 +0100

General Motors' shock decision to back out of selling its Opel unit sparked a mix of fury and fear in Germany on Wednesday, as thousands of auto workers faced an uncertain future.

Clouds gather over delayed Opel deal

Fri, 23 Oct 2009 20:07:00 +0200

General Motors' sale of its European brand Opel was thrown into doubt on Friday when an executive pushed back the signing date and a press report said GM wanted to hang on to the company.

Merkel starts contentious coalition talks with FDP

Mon, 05 Oct 2009 13:28:00 +0200

Freshly re-elected Chancellor Angela Merkel begins on Monday what could be prickly negotiations with her new coalition partners over forming a government amid differences over taxes and ministerial portfolios.

Magna seen cutting 4,000 Opel jobs in Germany

Tue, 22 Sep 2009 12:13:00 +0200

Canadian auto parts maker Magna will cut more than 4,000 jobs in Germany when it takes over the Opel business of struggling US auto giant General Motors, the Frankfurter Allgemeine Zeitung reported on Tuesday.