Source link Christian Lindner believes that structural reforms are needed to strengthen the competitiveness of the EU’s economic heavyweight Germany needs structural reforms to boost its competitiveness, Finance Minister Christian Lindner said at an event at the London School of Economics on Monday, as cited by Reuters. The comments came in response to Germany once […]
Source link Growth in the EU’s powerhouse has gotten off to a slow start this year due to persistent economic headwinds, analysts believe The German economy has probably failed to grow again at the start of 2024 after contracting in the final quarter of last year, Bloomberg reported on Monday. Analysts surveyed by the outlet […]
Source link A confrontation is not inevitable but Berlin must nonetheless ramp up its defenses, Carsten Breuer has said Germany should beef up its military to prepare for a potential conflict with Russia in five years’ time, Bundeswehr General Carsten Breuer has argued. He called for a “change in mentality” within German society, insisting that […]
Source link A growing number of manufacturers are relocating operations outside the country, an industry lobby warns One in three German manufacturers is considering moving production to other countries amid economic troubles, double the number recorded in 2022, Bild news outlet reported on Saturday, citing Siegfried Russwurm, the head of the Federation of German Industries […]
Source link Annalena Baerbock’s office said she had no idea that her grandfather was a committed follower of Hitler German Foreign Minister Annalena Baerbock’s grandfather was “an unconditional National Socialist” who had read ‘Mein Kampf’ and fully stood with the Nazi regime, according to documents seen by Bild. Baerbock has spoken publicly about her grandfather’s […]
Source link The Russian energy giant’s local subsidiary is currently under a Berlin-appointed trusteeship The nationalization of Rosneft’s assets in Germany would be tantamount to confiscation, and such a step would have far-reaching consequences, Kremlin spokesman Dmitry Peskov warned on Thursday. His statement follows a media report that the German authorities are discussing nationalizing the […]
Source link An official announcement regarding the high-profile attack on European energy infrastructure is expected this week Sweden will this week announce the end of its investigation into the sabotage of the Nord Stream gas pipelines, German media claimed on Tuesday. The reports come after Swedish prosecutor Mats Ljungqvist told the Expressen national newspaper on […]
Source link The once mighty growth engine of the EU now seems vulnerable as the threat of deindustrialization looms German Finance Minister Christian Lindner, injecting some humor at the recent World Economic Forum in Davos, stated that Germany is not the “sick man” of Europe but rather “a tired man,” following the recent years of […]
Source link Hans-Georg Maassen has denied accusations of right-wing extremism, suggesting he is being persecuted for political reasons The Federal Office for the Protection of the Constitution (BfV), Germany’s domestic intelligence agency, has placed its former president Hans-Georg Maassen under surveillance, suspecting him of ties to the country’s far right, local media reported. According to […]
Source link Kiev lacks the “extensive support infrastructure” needed to maintain the weapon, Foreign Affairs reports Ukraine’s military has lost most of its Leopard 2 battle tanks donated by foreign states, with more than one-fourth of its fleet destroyed by Russian troops and the rest damaged beyond Kiev’s capacity to repair them, according to Foreign […]
Source link Olaf Scholz said ongoing mass public protests against extreme-right political parties “makes our democracy strong” German chancellor Olaf Scholz on Saturday warned of a rise in extreme-right sentiment in his country, some 79 years to the day after the liberation of the Auschwitz extermination camp by Soviet forces on January 27, 1945. In […]
Source link Berlin has been calling for more military aid to Kiev, warning it cannot sustain the cost on its own Both Russia and Ukraine now find themselves unable to make any progress on the battlefield, German Defense Minister Boris Pistorius told the tabloid Bild on Thursday. Pistorius has insisted on boosting weapons production and […]
Source link The union’s fourth work stoppage since November kicked off on Tuesday and is set to last six days German train operators have begun a six-day strike that will be their longest ever and that analysts warn could end up costing the country’s economy as much as €1 billion ($1.09 billion). The strike called […]
Source link Olaf Scholz has also claimed the previous governments failed to address difficult issues Germany’s economy outlook is marred by uncertainty brought on by the Ukraine conflict and the fallout of the Covid-19 pandemic, German Chancellor Olaf Scholz has said. While acknowledging a widespread sense of concern among Germans, he insisted that his government’s […]
Source link An opinion poll conducted earlier this month indicated that public support for Olaf Scholz had fallen to record lows German Chancellor Olaf Scholz has denied claims that he is considering stepping down amid plunging approval ratings. While acknowledging that many people are concerned about the economic situation in the country, the chancellor insisted […]