BERLIN: Rising tensions with Moscow over Ukraine have exposed Germany’s problematic dependence on Russian gas, inflaming an already heated debate over soaring energy prices. As Germany pursues its target to transition to cleaner energy sources over the next decade, Europe’s biggest economy has counted on gas temporarily filling the gap while it builds up its … Read more
FRANKFURT– The German economy will gain growth momentum over the next two years and gross domestic product (GDP) will increase by 4.2 percent in 2022 and by 3.2 percent in 2023, the country’s central bank (Bundesbank) said in its projections published on Friday. Due to the COVID-19-related restrictions and supply bottlenecks, the Bundesbank expects stalled … Read more
BERLIN — Economic sentiment in Germany in December worsened after a brief recovery as the ZEW indicator dropped to 29.9 points, according to the monthly expert survey published by the Leibniz Center for European Economic Research (ZEW) on Tuesday. “The German economy is suffering noticeably from the latest developments in the COVID-19 pandemic,” ZEW President … Read more
Thomas Schaefer, the finance minister of Germany’s Hesse state, committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said. Schaefer, 54, found dead near a railway track on Saturday. The Wiesbaden prosecution’s office said they believe he died by suicide. “We are … Read more
