Tag Archives: Germany

Free Money for Germany Is Bad News for Euro

By Mark Gilbert – Germany yesterday (Aug 20) sold 4.04 billion euros ($5.3 billion) of notes that pay no interest, repayable in September 2016.

Investors, it seems, are willing to forgo income for the safety of stashing their cash in the AAA-rated government debt of Europe’s biggest economy.

That’s a huge vote of no-confidence in the region’s growth prospects. more> http://tinyurl.com/qzkdneo

NSA surveillance creeps onto tech’s lobbying agenda

(POLITICO.com)By Tony Romm – The companies’ aim with the new D.C. effort isn’t entirely clear. Silicon Valley to date hasn’t pushed to restrict the NSA’s ability to reach into the Internet’s backbone for foreign suspects’ communications. Instead, the tech companies mostly have made the case for more transparency €” the need for better numbers and clearer documents that show how often the government seeks data from them and when.

But continued revelations about U.S. surveillance have raised the potential for new regulation of Internet companies in Europe and beyond. That’s causing headaches for tech companies that store and swap data overseas. Any changes to U.S. surveillance law consequently could have broad impact on business, and Silicon Valley is closely monitoring the congressional action. more> http://tinyurl.com/kwn6vkx

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How democracy derails the EU…

neurope.eu – All experts, observers, and other fortune-tellers have already been convinced for months that from these elections there will result a grand coalition of Merkel‘s Christian Democrats (CDU/CSU) with the Social Democrats (SPD). And also since her party will come out some 10 to 15 points ahead of the SPD , she will be the new chancellor.

Why is everyone still bothered with it? Why do not just German papers, but the media Europe-wide see this is very important election the outcome of which may well decide the future of Europe? I have long been bothered by this question, but I think I know the answer now. Over the past three months decision-making on the Eurozone crisis has come to a grinding halt, because “we first have to wait the outcome of the German elections“, all experts said, suggesting that the outcome might indicate a chance in German politics.

We now know this is not so. more> http://tinyurl.com/kszmpat

A small problem in Germany

By Theodoros Benakis – The view in many parts of Brussels is that the future of Europe, at least for the next few years, will not be decided by the ever more unpopular elections for the European parliament in 2014, but by the German electorate on 22 September.

According to the leaders of The Alternative, the euro has failed as a currency. As an alternative to the Mark, they could accept a two class euro.

A first class ‘saints euro’, the currency of the rich and budgetary ordered countries. A second class ‘sinners euro’ of the poor, good for the South and any budgetary ‘weak’ country. more> http://tinyurl.com/pwjtcr8

The Missing Truth in the German Campaign

Bloomberg – Germany’s election campaign is in full swing now that Chancellor Angela Merkel is back from her hiking vacation in the Alps. She’s maybe the only one who dares ask voters, “Are you better off now than when I took office?”

Amazingly, given the state of the rest of the euro area, the answer is yes: Germans have more jobs than in 2005. The unemployment rate has roughly halved, to 5.4 percent; inflation is low; and the budget deficit is close to zero. The news that the German economy grew by 0.7 percent in the second quarter has probably sealed her victory on Sept. 22. Now, the issue is less whether she wins but how. And that’s a two-part question. more> http://tinyurl.com/movheq2

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Germany poised to overtake U.S. as world’s No.2 exporter this year

By ReutersEurope’s biggest economy, currently the world’s third-biggest exporter after China and the United States, has seen its share of world trade fall to 7.5 percent by last year, from a post-German unification peak of 11 percent in 1991-92, according to DIHK Chambers of Commerce.

German exports, from BMW cars to washing machines to heavy machinery for manufacturing and agriculture, totalled 1.1 trillion euros last year. more> http://tinyurl.com/n4cona8

Shattered German solar dreams

By Eberhard Rhein – Thanks to generous feed-in tariffs Germany has installed more solar capacity than any other country on earth, some 26 GW, the equivalent of its nuclear capacity.

By the middle of 2013 its solar industry is in shambles.

In Germany government and industry have too long ignored the impressive Chinese advances in lowering production costs. Feed-in tariffs should have been adapted much earlier to take into account the dramatic decline in prices and insufficient grid capacity. more> http://goo.gl/g9InHo

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Germany welcomes immigrants from Europe’s South

EurActiv – While Britain is trying to contain the influx of immigrants, Germany is making efforts to attract skilled workers from crisis-hit Southern Europe, various European media report.

“We should be happy about this immigration,” social scientist Steffen Kröhnert from the Institute for Population and Development reportedly said. Between 2002 and 2010, Germany’s population decreased by about 800,000 people. Moreover, there is a need for young and qualified professional newcomers in the aging German society. “This is the gap that the immigrants are filling,” added Kröhnert. more> http://tinyurl.com/butx5gs

AT&T mulls takeover in Europe

Reuters – AT&T executives were considering a takeover in Europe, and some believed an opening existed now to buy a carrier in a major European market such as Britain, Germany or the Netherlands, the Wall Street Journal reported.

Big telecom companies such as AT&T could benefit from buying European rivals and create economies of scale, similar to the international expansion strategy of British carrier Vodafone, said analyst Jos Versteeg of Dutch private bank Theodoor Gilissen. more> http://tinyurl.com/bylo5e7

Euro zone factory slump deepens but Asia perks up

By Jonathan Cable and Kim Coghill – Euro zone factories sank deeper into recession in December as new orders tumbled, business surveys showed on Wednesday (Jan 2), a sharp contrast to continuing signs of revival in China.

“It’s pretty grim really,” said Jonathan Loynes at Capital Economics. “These surveys are pointing to a pretty deep recession. If the German industrial sector is contracting quite sharply it is pretty hard to see where growth across the euro zone as a whole is going to come from.”

Germany, Europe‘s largest economy, saw its crucial manufacturing sector shrink for the 10th straight month and at a faster pace, while French data showed a decline in all but one of the past 17 months. The slump in Spain deepened, while Italy’s index, although improved, remained below 50 for the 17th month. more> http://tinyurl.com/bkoxzz8