Real Estate & Economic News in Germany from Propertyshowrooms.com

Germany's Obamania Soon to Face Reality Test

Mon, 19 Jan 2009 00:00:00 GMT

As the world awaits the inauguration of the next US president, expectations are running high in Germany as well. But issues like Afghanistan, the environment and the auto industry are likely to cause friction soon...

Finance Minister Steinbrueck Rules out "Bad Bank" for Germany

Mon, 19 Jan 2009 00:00:00 GMT

German Finance Minister Peer Steinbrueck has ruled out the creation of a "bad bank" to take toxic assets from the nation's major financial institutions...

German Ruling Coalition Agrees on Stimulus Package

Tue, 13 Jan 2009 00:00:00 GMT

The three parties supporting German Chancellor Angela Merkel agreed at talks late Monday in Berlin on a fresh round of stimulus for the weakening German economy, caucus leaders at the meeting said...

Germany agrees 50bn euro stimulus

Tue, 13 Jan 2009 00:00:00 GMT

Germany has agreed a stimulus package worth about 50bn euros including infrastructure investment, senior ministers say...

Experts: German Stimulus Package Will Breach EU Deficit Rules

Mon, 12 Jan 2009 00:00:00 GMT

A supplementary budget by the German government to stimulate the economy is expected to breach a cap on public spending imposed by the European Union, some officials in Berlin said Sunday...

Top Banker Foresees Major German Recession

Fri, 5 Dec 2008 00:00:00 GMT

Germany's economy could shrink much more in 2009 than previously expected, a top Deutsche Bank economist predicted...

Germany to Increase Borrowing as Economic Forecast Darkens

Fri, 21 Nov 2008 00:00:00 GMT

Germany's Grand Coalition is set to substantially increase its net borrowing in 2009 -- the first time since coming to office. The news comes as an industry poll predicts job losses of 215,000 in Germany next year...

Deutsche Bank cuts to hit New York and London

Thu, 20 Nov 2008 00:00:00 GMT

Deutsche Bank is to shed 900 jobs as it responds to the financial crisis by reshaping its investment banking operations...

Commerzbank to Tap Germany's Massive State Aid Package

Mon, 3 Nov 2008 00:00:00 GMT

Germany's second-biggest bank Commerzbank, which posted third quarter losses, says it will accept a capital injection of more than 8 billion euros from the government rescue fund in a bid to "stabilize its capital base."...

Germany's Upper and Lower Houses Approve Rescue Package

Fri, 17 Oct 2008 00:00:00 GMT

Germany's upper and lower houses of parliament approved the country's 500-billion-euro ($675-billion) bailout package Friday, Oct. 17. The plan is expected to be ratified and in motion in time for Monday trading...

German parliament backs bail-out

Fri, 17 Oct 2008 00:00:00 GMT

Germany's parliament approves what is billed as the country's largest financial rescue package since World War II...

German Bundestag Approves Financial Rescue Package

Fri, 17 Oct 2008 00:00:00 GMT

Germany's lower house of parliament approved the country's 500-billion-euro ($675-billion) financial bailout package. The upper house, the Bundesrat, is expected to follow suit later in the day...

Germany Says it Sees No Need for Own US-style Bailout

Mon, 22 Sep 2008 00:00:00 GMT

Germany said on Monday it sees no need to create a US-style financial sector bailout of its own even as the European Commission welcomed the US financial rescue package...

Lone Star Funds to take over IKB

Thu, 21 Aug 2008 00:00:00 GMT

US private equity firm Lone Star is to buy German lender IKB Deutsche Industriebank, according to IKB's biggest shareholder...

German economy contracts by 0.5%

Thu, 14 Aug 2008 00:00:00 GMT

Europe's largest economy, Germany, contracted for the first time in almost four years in the second quarter of the year...

Citigroup disposes of German bank

Fri, 11 Jul 2008 00:00:00 GMT

Citigroup sells its German consumer banking business for five billion euros as part of its efforts to return the business to profit...

Thomas Cook cancels airline deal

Fri, 11 Jul 2008 00:00:00 GMT

Thomas Cook cancels plans to merge its German airline Condor with Air Berlin after regulatory concerns...

Euro-dollar rate is stable in thin trading

Sat, 5 Jul 2008 00:00:00 GMT

The dollar was stable against the euro here Friday, with the single currency hurt by a weak reading on German industrial orders...