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Michael Nienaber

Germany to tap all fiscal options in case of economic crisis - Scholz

15 Oct 2019

BERLIN Germany intends to stick to its balanced budget rules for now and boost spending without incurring new debt, Finance Minister Olaf Scholz told Reuters on Tuesday, adding that the government would use all fiscal options in a severe economic crisis.

German institutes slash growth forecasts, warn of downside risks

02 Oct 2019

BERLIN Germany's leading economic institutes on Wednesday slashed their growth forecasts for Europe's biggest economy for this year and next, blaming weaker global demand for manufacturing goods and increased business uncertainty linked to trade disputes.

German manufacturing recession deepens, growth outlook darkens

01 Oct 2019

BERLIN Germany's manufacturing recession deepened in September with factories recording their weakest performance since the world financial crisis a decade ago, a survey showed on Tuesday.

German labour market and shopping resilient despite manufacturing slump

30 Sep 2019

BERLIN German unemployment fell unexpectedly in September and retail sales rose in August, data showed on Monday, helping to allay concerns that a manufacturing slump is taking its toll on a consumption-driven growth cycle in Europe's largest economy.

Germany vows to fight any efforts to issue parallel currencies

18 Sep 2019

BERLIN Germany has passed a comprehensive blockchain strategy in which Berlin vows to fight any company efforts to establish a parallel currency, in the latest sign that Facebook's planned Libra faces tough regulatory hurdles in Europe.

Exclusive: Germany eyes massive windfall from plunging borrowing costs

12 Sep 2019

BERLIN Germany could enjoy a windfall of 5 billion euros or more this year as record-low bond yields slash its borrowing costs, three people familiar with Berlin's budget planning told Reuters on Thursday.

German politicians quarrel over climate foundation, citizen bond - sources

11 Sep 2019

BERLIN German Chancellor Angela Merkel's coalition government is split over the creation of a climate foundation that would aim to attract funds from citizens by issuing 'green bonds' with state-subsidised interest rates.

Germany can pump 'many, many billions' into economy: Scholz

10 Sep 2019

BERLIN Germany is ready to pump "many, many billions of euros" into its economy to counter any significant slowdown in growth and the country must take bold measures to fight climate change before it's too late, Finance Minister Olaf Scholz said on Tuesday.

Exclusive: Germany considers 'shadow budget' to circumvent national debt rules - sources

09 Sep 2019

BERLIN Germany is considering setting up independent public agencies that could take on new debt to invest in the country's flagging economy, without falling foul of strict national spending rules, three people familiar with talks about the plan told Reuters.

Recession risks rise for Germany as industrial orders plunge

05 Sep 2019

BERLIN Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe's biggest economy into a recession in the third quarter. | Video

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