Germany’s central bank, the Bundesbank, sees a recession in the country as likely, while it expects inflation to be on the rise and could peak above 10% this fall. With its massive industry heavily dependent on Russian gas, Germany is among the most vulnerable to any disruption in energy supplies, and the increased costs are […]
Tag: Germany
Germany: Exports outside the EU fell in July
German exports outside the EU fell 7.6% month-on-month in July, according to the statistics office, marking a weak start to the second half for Europe’s biggest economy. The decline comes after three consecutive increases. The economy stagnated in the second quarter, and Finance Minister Lindner said the economic situation in Germany was deteriorating and the […]
Germany: Turkish airport workers missing
The federal government’s plan to solve the staff shortage at German airports with Turkish workers does not seem to have succeeded. Why; Endless queues, delays and thousands of flight cancellations – politicians and the airline industry wanted to solve these problems at German airports with the help of workers from abroad. At the end of […]
German exports outside the EU fall in July – Reuters
European economic powerhouse Germany started the second half of this year on a weak note, as the country’s exports outside the European Union (EU) fell by 7.6% in the month of Julythe Federal Statistical Office reported on Monday. Highlights (via Reuters) “The United States remained the most important trading partner for German exporters in July, […]
Germany: Minister of Economy ruled out the possibility of extending the operation of the three nuclear power plants
German Economy Minister Robert Habeck today ruled out extending the life of the three remaining nuclear power plants to save gas, arguing that the savings would amount to, at most, 2% of the country’s gas use. . This percentage is not enough to reopen the public debate on ending the use of nuclear energy, given […]
Germany: Hambeck rules out nuclear power plants to save gas
German Economy Minister Robert Habeck ruled out extending the life of the country’s three remaining nuclear power plants to save gas, saying it would save no more than 2 percent of gas use, Reuters reported. That saving is not enough to make it worth reopening the debate on exiting nuclear power, given the consensus on […]
To Canada Soltz and Habeck for climate and energy cooperation
Federal Chancellor Olaf Solz (SPD) and Economy Minister Robert Habeck (Greens) will travel to Canada on Sunday with a delegation of business representatives. Along with Canadian Prime Minister Justin Trudeau, he is scheduled to visit Montreal, Toronto and Stephenville, a coastal city in Newfoundland, through Tuesday. The trip will focus on bilateral cooperation in the […]
Olaf Solz: A chancellor under pressure
Olaf Solz wanted to be the “chancellor of the climate”, of the welfare state, of human rights, even the chancellor of recovery after the pandemic. Certainly, however, he did not want to become – after Angela Merkel – chancellor of crises and even less of war, the energy crisis, inflation and – even personal – […]
Germany: The Prime Minister of Schleswig-Holstein is in favor of limiting the temperature in private homes
“No one should freeze, but it should be possible to limit the room temperature in private homes,” said Schleswig-Holstein Premier Daniel Günther in an interview with Welt am Sonntag. “As a state, we will set a good example. For state buildings, we will aim for the minimum temperature allowed today of 20 degrees. As soon […]
Germany: DIW president M. Fratcher warns of permanent loss of welfare
The president of the German Institute for Economic Research (DIW), Marcel Fratzscher, sees Germany facing a prolonged period of austerity due to rapidly rising prices and falling consumer sentiment. The “price shock” causes a permanent loss of well-being for large sections of the population, Fratzscher told “Der Spiegel”. The bottom 40% of society, who spend […]
