German Economy

Emmanuel Macron's Empty Victory

Emmanuel Macron campaigned to become president of France by wrapping himself in a European Union flag and promising to make Europe great again. He saw off his euroskeptic rival Marine Le Pen by offering an alternative vision of a “Europe which protects,” and expanded on that vision in a two-hour …

Europe

ECB's Nowotny sees more political than economic risks to financial stability

© Reuters. OeNB Governor Nowotny addresses a news conference in Vienna<p>VIENNA (Reuters) - The risks for financial stability in Europe are currently …

Economy

Germany's Enderlein Says ECB Anchored Expectations to Help Recovery

German Government Advisor Henrik Enderlein discusses the European Central Bank's rate path and future leadership of the central bank. He spoke …

European Central Bank

Germany's Ifo sees euro crisis 2.0, trade war slashing growth | Reuters

BERLIN (Reuters) - Germany’s Ifo institute on Tuesday cut its forecasts for growth in Europe’s biggest economy this year and next, citing a weak start to the year and increased global risks.<p>Ifo said it expected the German economy to grow by 1.8 percent this year and in 2019, a big revision …

Economy

Renewed U.S.-China trade spat boosts safety demand for yen | Reuters

TOKYO (Reuters) - The dollar fell against the yen in early Asian trade on Tuesday after U.S. President Donald Trump’s threats of more tariffs on China raised worries about an escalating trade war between the world’s two largest economies.<p>FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this …

Economy

German, French ministers suggest fund to create incentives for reforms

© Reuters. Minister for Economic Affairs and Energy Peter Altmaier delivers a statement after the weekly cabinet meeting in Berlin<p>BERLIN (Reuters) - …

European Union

EU to hit $3.2 billion of US imports starting Friday in response to Trump's tariffs

The European Union will start charging import duties of 25 percent on a range of U.S. products from Friday after Washington imposed tariffs on EU …

Economy

ECB's Draghi Backs Merkel-Macron Plan to Strengthen Euro Area

European Central Bank President Mario Draghi threw his weight behind proposals from the French and German governments to revamp management of the …

Economics

The Franco-German motor revs up | Financial Times

It was almost like the old days. By revving up the old Franco-German motor of European integration, the meeting of Angela Merkel and Emmanuel Macron …

Economics

WSJ: German Auto Makers Offer to End EU Car Tariffs

German automobile executives have proposed ending the European Union's 10 percent tax on American-made cars, according to a report from <b>The Wall</b> …

Conservative View

Pound euro exchange rate: GBP declines ahead of Commons vote on Brexit

GETTYGerman Chancellor Angela Merkel<p>Brexit is in the spotlight, following Monday’s House of Lords vote when peers opposed the government and sent a …

Angela Merkel

French, Euro-Area Reforms Can't Come Fast Enough for Villeroy

France and Europe must seize the opportunity offered by still-solid growth to shore up their economies and institutions in a world that is becoming …

Economy

Global stocks rise, unfazed by US-China tensions

SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade.<p>KEEPING SCORE: Germany's DAX was up 0.1 percent to 12,692 and France's CAC 40 added 0.2 percent to …

Finance

Germany, France push for easier debt restructuring in euro zone

BRUSSELS (Reuters) - France and Germany want to make it easier to restructure sovereign debt in the euro zone by introducing a stronger legal clause in newly issued bonds, a document agreed by Berlin and Paris showed.<p>The document - what the European Union calls a roadmap - outlines the French and …

Business

OECD Records First Drop in Immigration Since 2011

The number of people migrating to developed countries fell last year for the first time since 2011, but remained near record levels and is unlikely to fall by much over coming years, according to the Organization for Economic Cooperation and Development.<p>In its annual report on the movement of …

Business

A Trade "Discussion" With Trump Can Hurt

Europe is already feeling the impact of his bluster.<p>The U.S. is waging a trade "discussion," not a war -- that's how Larry Kudlow, President Donald Trump’s economic adviser, put it earlier this month after his administration hit the European Union (and other allies) with tariffs on steel and …

Economy

UPDATE 1-Germany considering ways to fend off State Grid investment - source | Reuters

* Options could involve state-owned bank KfW - source<p>* State Grid keen on 20 pct stake in 50Hertz - sources<p>* Chinese group failed to buy stake previously (Recasts, adds info from sources)<p>FRANKFURT, June 19 (Reuters) - Germany is considering options to prevent Chinese utility State Grid from buying …

Development Bank

Five Things You Need to Know to Start Your Day

<i>Want to receive this post in your inbox every morning? Sign up here</i><p>Trade tensions threaten U.S. and China growth, Iran takes a hard line on oil …

Economy

The Macron-Merkel Euro Plan Is Released. Here's How It Stacks Up

A long-anticipated meeting between the leaders of France and Germany yielded important progress on the issue of reforming the euro area, with …

Europe

Can the Euro Be Saved?

NEW YORK – The euro may be approaching another crisis. Italy, the eurozone’s third largest economy, has chosen what can at best be described as a …

Europe

Macron Needs to Dream a Little Harder

The Meseberg Declaration looks like a missed opportunity.<p>Angela Merkel and Emmanuel Macron have finally laid out their joint vision for the future of the European monetary union. Unfortunately, their Meseberg Declaration looks like a missed opportunity: It is ambitious where it can afford to be …

Opinion

Ernst Boris Chain and his Research on Antibiotics

Sir Ernst Boris Chain (1906-1979)<p>On June 19, 1906, German-born British biochemist and Nobel Laureate <b>Sir Ernst Boris Chain</b> was born. He is best known …

Science

Merkel, Macron Reach Deal on Euro Reforms to Challenge the Dollar

German Chancellor Angela Merkel and French President Emmanuel Macron agreed on a plan to strengthen the euro area, seeking to fortify Europe against …

Economics

Draghi Says ECB Could Restart Bond Buying-Program If Required

Comments from central bank chief underline caution in winding down stimulus program<p>By<p>Tom Fairless<p>Tom Fairless<p>The Wall Street Journal<p>Biography<p>@TomFairless<p>tom.fairless@wsj.com<p>SINTRA, Portugal—European Central Bank President Mario Draghi signaled Tuesday that the bank could delay plans announced just …

Economy

WSJ City: Trump Escalates Trade Conflict With China, No ‘Taper Tantrum’ Just Yet

Good morning from the WSJ City desks in London. WSJ City is the app that delivers concise, smart news on business and finance for mobile. Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY President Trump escalated a trade conflict with China, …

Economy

WRAPUP 6-Greece delays IMF payment, PM to brief angry parliament | Reuters

(Adds more on Tsipras, Merkel, Hollande call)<p>* EU/IMF leaders demand asset sales, pension cuts in plan<p>* Tsipras says deal “in sight” but rejects some demands<p>* EU officials see some progress, but more work needed<p>* Some Tsipras allies brand mooted deal as “murderous”<p>By Renee Maltezou and Jan …

Europe

A referendum on the way money is created

TO ITS opponents, the <i>Vollgeld</i> initiative is “suicidal” and a “dangerous experiment”. To its supporters, it is the ticket to a “fairer and more stable …

Central Banks

Greece to get up to 15 billion euros after third bailout: German official

BERLIN (Reuters) - Greece will likely get up to 15 billion euros ($17.33 billion) from its euro zone allies for stabilization after its third bailout program ends in August, a senior German government official said on Tuesday.<p>Euro zone finance ministers will discuss debt relief for Greece on …

Europe

Increasing debt in many African countries is a cause for worry

“A FOOL’S bargain.” That is how Idriss Déby, Chad’s president, now describes the state oil company’s decision to borrow $1.4bn from Glencore, an …

Africa

Central Bankers Shouldn’t Have to Rescue Democracy

Elected leaders waffled during the financial crisis. Their credibility, and the institutions they represent, haven’t recovered.<p>(<i>This is the third of a series of columns on economic growth and the challenges to democracy.</i>)<p>The history of the financial crisis tells a disturbing tale for those who hold …

Economics