German companies are becoming increasingly reluctant to hire new staff, the Ifo Institute said. The institute’s employment barometer fell to 103.3 points in June from 104 points in May. However, the demand for labor remains high and the shortage of skilled workers remains a major problem for German companies, Ifo said. In manufacturing, the employment […]
Tag: Germany
Germany: Consumer climate at new record low according to GfK
The consumer climate in Germany is expected to decline to another record low in July, as the war in Ukraine and supply chain problems push energy and food prices even higher. The GfK institute stressed that the consumer climate index fell to -27.4 points as we drive in July, after recording a short-lived recovery in […]
Ol. Soltz: Western-Russian relations cannot go back to the pre-war era
“Western relations with Russia cannot go back to the time before the Russian invasion of Ukraine,” said Chancellor Olaf Soltz. changing borders by force. “We need to see how the world changes in the future,” Soltz said in a video message from the G7 summit in Upper Bavaria yesterday, assuring that all G7 countries were […]
Germany: The climate between export companies has deteriorated slightly
The climate among German export companies has deteriorated slightly in June, according to the Ifo Institute. Expectations for exports fell to 3.7 points in June from 4.4 points in May. “Logistics problems and a high level of uncertainty are exacerbating the prospects for German exports,” said Ifo’s Clemens Faust. However, optimism has returned to the […]
How much ‘leadership’ can Germany withstand?
SPD leader Lars Klingbail proposes a “debate” on Germany’s “leadership” and “military violence” as a means of resolving disputes. It was a masterfully structured foreign policy speech delivered by the co-chair of the ruling Social Democratic Party (SPD), Lars Klingbail, at an event of the Friedrich Ebert Foundation in Berlin. “Like many speakers who want […]
The cicada and the ant – Why Europe needs an immediate declaration of a war economy
By Andreas Kluth The next step in the conflict between the West and Russian President Vladimir Putin is supposed to be a European boycott of Russian coal, oil and gas. Instead, it could end up being a Putin-led gas embargo on Europe. In fact, it does not make much difference. The countries of the European […]
These are the seven biggest problems of the G7 summit in Germany
The start of the G7 Summit could not have gone better for Olaf Solz (SPD). Contrary to what the meteorological service announced a few days ago, the sky was clear over Schloss Elmau, a luxury hotel in the Bavarian Alps, Handelsblatt reports. The Chancellor had the opportunity to receive the Heads of State and Government […]
Deutsche Welle-G7: Determination and unity towards Russia
Work on the German-chaired G7 summit has begun in Elmau, Bavaria. “Good morning” sanctions on Russia, with the US announcing an embargo on Russian gold. In the heart of the Bavarian Alps, in the idyllic Elmau tower, the crucial summit of the G7, the seven most powerful industrialized countries, began with great expectations. “Our goal […]
Germany: The middle class is suffering from energy costs and wants to raise prices
Rising costs for energy and raw materials are becoming more and more a burden for German small and medium-sized enterprises, according to Handelsblatt. “Above all, the extremely sharp rise in prices of many raw materials and intermediates as well as ongoing supply difficulties are causing growing concerns and risks to small and medium-sized enterprises,” DZ […]
Andelsblatt: Chancellor Soltz plans ‘inflation allowance’ to relieve workers
To mitigate the effects of high inflation, Chancellor Olaf Solz (SPD) wants to propose a lump sum payment from employers without taxes and contributions. According to Handelsblatt, this was discussed on Thursday between SPD economic policy officials from the federal government and the states. A representative of the Chancellery’s Office was also present at the […]