Germany 'is reining in deficit'
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German Finance Minister Hans Eichel welcomed the decision by the EU Commission to suspend excessive deficit procedures against France and Germany, saying that Brussels recognised that Berlin was making progress ...
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Germany raised its forecast for this year&#39;s budget deficit, saying declining tax income and increased spending on the unemployed will push the shortfall further beyond European Union limits for a third straight year.
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New net German federal borrowing in 2004 came in at less than the government expected, though still higher than forecast in the year's initial budget, the Finance Ministry said Friday.
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The German economy -- the biggest in the 12-country eurozone -- continued to tread water in the fourth quarter, notching up growth that was only fractionaly higher than in the preceding three months, the Bundesbank estimated.
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A German finance official urged the United States to tackle its twin deficits during President George W. Bush&#39;s second term to counter concerns weighing on financial markets, a magazine reported Saturday.
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The reforms to the EU's stability and growth pact will help to defuse the escalating two-year crisis which has seen France and Germany repeatedly flout its deficit rules.
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FRANKFURT Lack of fiscal discipline among some of the largest countries that use the euro is weakening the political will of new European Union member countries striving to join the euro club to keep their deficits in check, the European Central Bank said
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German officials said Saturday they have decided to forgive 80 percent of Iraq&#39;s $120 billion foreign debt, CNN reported. Hans Eichel, Germany&#39;s finance minister, meeting with finance
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Germany, Greece, Italy and Portugal risk breaching a eurozne public deficit limit of three percent of output in 2005, Dutch Finance Minister Gerrit Zalm warned here Thursday.
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BERLIN  - Germany experienced the strongest growth in four years in 2004, but weak consumer spending continued to hamper Europe's largest economy, the government statistics office said Thursday.
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The German economy, the biggest in the 12-country eurozone, appears to have just scraped past its third recession in just four years at the end of 2004, official data showed.
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Germany's finance minister presented a 2005 budget Tuesday that boosts government spending and foresees record interest payments on the national debt, but still aims to get the country back under European Union deficit limits.
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A German finance official urged the United States to tackle its twin deficits during President George W. Bush's second term to counter concerns weighing on financial markets, a magazine reported Saturday.
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Clouds continued to gather over the German economy on Monday, as the Bundesbank estimated that the modest recovery of the eurozone&#39;s biggest economy already appears to be running out steam.
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The German government has come up with a new idea for plugging the gaping hole in its public finances and rein in its budget deficit, the daily Die Welt reported.
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The Bundesbank is forecasting growth of 1.2 - 1.3 percent for the German economy next year, much less than the government's official forecast of 1.7 percent.
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Inflation in Germany, the eurozone's biggest economy, looked set to pick up this month as a result of a renewed surge in high oil prices, key regional data showed.