Germany Archives

EXPLANATION: Can Ukraine pay for war without destroying the economy?

FRANKFURT, Germany (AP) — Even as Ukraine celebrates its recent battlefield victorieshis government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering runaway price spikes for ordinary people or racking up debts that could hamper post-war reconstruction. The struggle is to find loans or …

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India could become third largest economy by 2030, overtaking Japan and Germany

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Beautiful and colorful aerial view of the Mumbai skyline during twilight as seen from Currey Road on February 16, 2022 in Mumbai, India. Pratik Chorgé | Hindustan Times | Getty Images India is expected to overtake Japan and Germany to become the world’s third-largest economy, according to S&P Global and Morgan Stanley. The S&P forecast …

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Europe’s anti-American itch

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Press play to listen to this article Expressed by artificial intelligence. BERLIN – It’s cold in Europe, the economy is collapsing and the natives are restless. There is only one answer: Blame America. Pointing across the Atlantic has long been a favorite diversionary tactic of European political elites when things start to get dicey on …

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Sober or bright? Europe facing holidays during the energy crisis

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VERONA, Italy (AP) — Early-season revelers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas Market for its inaugural weekend. But beyond the wooden market stalls, the Italian city has yet to decorate its granite-clad pedestrian streets with twinkling Christmas lights as officials debate the brightness of the season during an energy …

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The chip war between the United States and China spills over into Europe | CNN Business

Exclusive: Germany steps up emergency cash plans to deal with blackout

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FRANKFURT, Nov 15 (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in the event of a power outage to keep the economy going, four people involved said, as the country prepares for possible power cuts resulting from the war in Ukraine. Plans include the Bundesbank, Germany’s central bank, hoarding additional billions …

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The gas problem in Germany may not be such a big problem anymore

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Nice out, isn’t it? Europe’s exceptionally mild winter was the necessary stroke of luck to preserve gas supplies, with consumption around 30% lower than the seasonal average and storages full in Germany and France. The charts below and throughout are from Barclays analysts Mark Cus Babic and Abbas Kahn: It’s a combination of tighter industrial …

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Germany and Poland buy natural gas companies linked to Russia

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BERLIN (AP) — Germany and Poland on Monday announced separate takeovers of natural gas companies linked to Russian energy giant Gazprom, saying the moves were aimed at securing supply as Europe grapples with an energy crisis related to the war in Ukraine. Germany says it is nationalizing the former German subsidiary of Gazprom months after …

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