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...“That is the most difficult discussion they are having at government level.” “We need big companies in Europe,” added the 61-year-old Bavarian....
...Italy also had one of the bloc’s highest budget deficits at 7.2 per cent and its interest costs are set to rise above 9 per cent of government revenues this year....
...By contrast, the eurozone has received less fiscal support from governments while suffering a much bigger rise in energy prices as a result of Russia’s full-scale invasion of Ukraine....
...The German economy will continue shrinking in the first quarter of this year, the country’s central bank has predicted, blaming uncertainty over government policy, recent transport strikes, cautious consumers...
...Markets reacted by sending German two-year government bond yields down 0.6 percentage points to 2.46 per cent, indicating investors think the French data makes an early ECB interest rate cut more likely....
...The French economy stagnated in the final three months of last year as weaker business and household investment offset a rebound in foreign trade and government spending....
...But the government said Germany’s economy would grow 0.3 per cent this year, slightly up from its last forecast in February of 0.2 per cent....
...The German government this week cut its forecast for growth in 2024 from 1.3 per cent to 0.2 per cent....
...China’s government recently estimated its economy grew 5.2 per cent last year....
...Von Preen noted that Germany’s city centres were undergoing a rebirth as local governments were investing heavily in improving downtown shopping areas....
...German businesses have unexpectedly turned more gloomy about the economy since the start of the year as mounting supply chain disruption and government spending cuts threaten to keep Europe’s largest economy...
...The aim of the transactions, said Gröschel, was not just to cut the amount of tax paid but to steal from the government....
...Drugs made in third countries and imported into the EU or US require certification by government inspectors and audits of production sites....
...Shearing said Italy had so far “flown under the radar” thanks in part to the Meloni government’s “more conciliatory approach to the EU”....
...Last month’s constitutional court ruling, which left the government with a €60bn hole in its budget, has added to uncertainty for companies about how much support they will receive from Berlin next year....
...Another factor weighing on German growth has been a sharp tightening of fiscal policy to reduce the government’s budget deficit close to 2 per cent last year to comply with the return of the country’s restrictive...
...Lex (“China demographics: the sectors set to benefit”, Lex, January 18) might be right to bring together China’s “demographic collapse”, the Chinese government’s “initiative with a plan to develop a ‘silver...
...Germany’s top court has struck down a €60bn off-budget fund that formed a key part of the government’s plans for financing its energy transition and climate policy, declaring it broke the country’s law restricting...
...The reduction of government subsidies on gas, electricity and food that began last year has triggered a re-acceleration of annual inflation in much of Europe....
...She confirmed that the company was in “final discussions” with the Indian government on producing parts for the next generation of its Arjun battle tank....
...Portugal’s housing market has been boosted by tax incentives for purchasers of second homes and the offer of “golden visas” for wealthy foreigners buying property, both of which the government is removing...
...The German economy is set to continue shrinking in the first three months of this year, the country’s central bank has predicted, blaming uncertainty over government policy as well as transport strikes and...
...European insolvencies fell sharply in 2020-22 when governments provided vast amounts of aid to companies to blunt the impact of the pandemic and the energy crisis caused by Russia’s war....
...Spanish inflation rose less than economists’ forecast to 3.2 per cent in March, despite reduced government subsidies pushing up electricity and fuel prices....
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