German Budget Deficit Widens in First Half
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Germany's budget deficit widened in the first half of this year, figures released Tuesday showed, but the government renewed its commitment to get the shortfall back within a European Union-imposed limit next year.
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Variety - BERLIN -- German box-office revenue grew by 1.4% to E420 million (&#36;518 million) in the first six months of the year.
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Inflation hit a 13-year high of 3.1 percent in November in Germany, well above the European Central Bank's target rate of 2.0 percent, official data showed Friday.
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The ranks of the unemployed in Germany increased in October for the ninth straight month, the Federal Labour Agency said today in a report that threatened government efforts to shrink the public deficit.
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Germany's annual inflation rate rose to 1.5% last month, from a two-and-a-half- year low of 1.1% in October, the Statistics Office says.
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The Commission has lifted the excessive deficit procedure, first launched in 2003, against France and Germany. But already there are doubts about Germany respecting the rules in 2005.
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German exports fall 1.2% in December as the effects of the high euro starts to bite.
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"We are presenting a financial plan under which we will achieve a balanced budget for the first time in 40 years in the year 2011 at the latest"  Germany's Cabinet approved a draft 2008 budget on Wednesday that foresees a cut in new borrowing even as spending increases slightly -- underlining the government's aim to balance its books by 2011. via BusinessWeek
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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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Health care costs grew faster than the overall economy in the first half of this year, according to a study released Thursday. Although the increase
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Inflation has jumped in four key German regions, anticipating a overall surge of prices in the eurozone&#39;s biggest economy, according to figures released Thursday.
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Germany's leading economists Tuesday raised their growth forecast for the country to 1.8 percent for this year, but predicted that lower export growth and high oil prices will slow the just-begun recovery next year.
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Germany looked set to breach the EU's strict budget rules for third year in a row this year as its public deficit soared to a massive 4.0 percent of gross domestic product in the first six months, data showed.
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Net income in the fiscal first-quarter rose to $509 million, from $440 million a year earlier, while revenue rose seven percent to $2.
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Parties on the far right and left made gains in two state elections Sunday in Germany, with voters delivering a rebuke to Chancellor Gerhard Schroeder&#39;s Social Democrats as he tries to rein in German welfare programs.
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Germany's trade surplus widened in November, despite the increased strength of the euro, as exports to other European Union countries rose, according to government figures released Monday.
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BERLIN - Chancellor Gerhard Schroeder and his Social Democrats have suffered a stinging loss in the western state of Saarland in the first of several regional elections whose outcome will measure the political price of unpopular cuts in social welfare