Germany Boosts Borrowing to New Record as Tax Revenue Stalls
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The German government will take on an extra 14 billion euros ($17.23 billion) in debt this year because the country's economic upturn so far has failed to boost tax revenue, taking new borrowing to a record ...
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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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Germany's trade surplus will reach a record high of 158 billion euros (199 billion US dollars), The German Wholesale and Foreign Trade Federation, or BGA, reported Thursday.
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The German government has unveiled a series of measures aimed at bringing the country&#39;s public deficit back below the eurozone&#39;s 3% of GDP limit in 2005.
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Unemployment in Germany rises for the tenth straight month as growth remains sluggish despite a revival in domestic demand.
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A sharp increase in sales tax and slowing oil prices had mixed effects on headline inflation in Germany this month, regional consumer price data from the eurozone's biggest economy showed on Tuesday.
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Germany's economy is back on a stable path of growth after three years in stagnation and is not immediately threatened by the surge in oil prices, Chancellor Gerhard Schroeder said Wednesday.
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Official figures show that unemployment rose sharply in Germany in September, a sign that the economy remains weak.
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The cost of borrowing headed higher as yields on the 10-year Treasury note hit a five-year high, climbing to 5.248 percent.
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German companies including Bayer AG and BMW AG say they can weather the euro's gain to a record against the dollar as protection against currency fluctuation allows them to benefit from another year of export ...
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German unemployment unexpectedly rose in May breaking a run of 13 consecutive monthly falls.
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Chancellor Gerhard Schroeder stepped up the German government's pledge of financial aid to tsunami victims to $674 million (U.S.) today as European nations moved to step up help to the devastated region.
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The high gas taxes in Germany give the German state a larger income on the sale of Norwegian gas than the Norwegian government get for selling it in the first place.
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter even as the euro soars.
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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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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of recovery.
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The German economy, Europe s largest, grew at the fastest pace in four years in 2004 as a surge in exports more than compensated for a slump in consumer spending.