Topic: Berlin (Germany)

Germany agrees 'bad bank' scheme: government

Germany's cabinet agreed a " bad bank" scheme on Wednesday to clean up toxic assets from banks' balance sheets, a key plank of Berlin's bid to turn around Europe's biggest economy, a spokesman said.The plan, which has become somewhat of a political ...

German cuts growth forecast, predicts 6% slump

Germany slashed its growth forecast Wednesday, predicting one of the worst recessions in the developed world with a crunching six-percent slump this year, but raised hopes of a recovery in 2010.In its new projections, the government of Europe's biggest economy said that ...

German economy to slump 6% in 2009

Germany slashed its growth forecast Wednesday, foreseeing one of the worst recessions in the developed world with a crunching six-percent slump this year, but raised hopes of a recovery in 2010.In its new projections, the government of Europe's biggest economy said that ...

Germany readies for fiery May Day protests

Germany is bracing for its biggest May Day protests in years amid fears of a rise in social unrest caused by the worst recession since World War II in Europe's biggest economy.An estimated 50,000 jobs are being lost every month in Germany, ...

Germany: no sex please we're in recession

Times are difficult down at Berlin's Pussy Club where a new all-in service is on offer: 70 euros for girls, drinks and food.Like many of its counterparts, the brothel has been hit by the credit crunch and has had to come up ...
European leaders agreed on Sunday to push for a global crackdown on tax havens and strict new regulation of hedge funds as part of a sweeping overhaul of financial rules designed to prevent future market meltdowns. German Chancellor Angela Merkel invited fellow ...
Germany faces a "sizeable" and "possibly extended" recession, with its economy set to shrink 2.5 percent this year, the International Monetary Fund said Thursday, revising down a previous forecast.Last November, the IMF had said Europe's largest economy would contract 0.8 percent in ...
Germany said on Wednesday it would suffer its deepest recession since World War II this year, as Chancellor Angela Merkel's government chewed over a historic rescue package aimed at easing the pain.Germany's economy, which accounts for about a third of eurozone output, ...

Germany forecasts worst recession since WWII

Germany said on Wednesday it would suffer its worst recession since World War II in 2009 with half a million more people in Europe's biggest economy expected to lose their jobs.Germany's economy, which accounts for about a third of eurozone output, will ...
German Chancellor Angela Merkel said Wednesday the decision to adopt the country's biggest postwar stimulus package was her toughest ever, as data showed the recession deepening in Europe's biggest economy. I want to say clearly that it was the most difficult domestic ...