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India

Michael Nienaber

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

Germany's Scholz raises pressure on Merkel to think big on climate protection

02 Sep 2019

BERLIN German Finance Minister Olaf Scholz on Monday urged Chancellor Angela Merkel's conservatives to support far-reaching steps on climate protection, warning that failure to do so would raise questions over their coalition's right to rule.

German inflation eases, joblessness rises as economy sputters

29 Aug 2019

BERLIN German inflation slowed in August and unemployment rose, data showed on Thursday, adding to signs that Europe's largest economy is running out of steam and cementing expectations of a new European Central Bank stimulus package next month. | Video

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