2024-10-12 17:55:09
Economy
Finance
Europe
Economic Challenges and Austerity Measures in Europe
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Berliner Zeitung
Economy
Politics
Finance
Many European countries are facing difficult times: Billions of euros in debt for Corona packages have to be reduced, costs for rising military spending have to be saved. Declining tax revenues and rising social spending are leading to budget deficits. German Finance Minister Lindner plans higher new borrowing, tax increases and austerity measures in Germany. According to economist Hellmeyer, Lindner is not solving the structural budget problem with this. Ryanair is partially withdrawing from..
New York Times - Business
Political Uncertainty and Budget Reality Put France in a Financial Vise
Politics
Economy
Finance
Fitch Ratings agency issued a negative outlook for France's sovereign credit rating, citing political uncertainty and ballooning 3 trillion euros debt. New Prime Minister Michel Barnier introduced an austerity budget, but faces a divided Parliament after President Emmanuel Macron dissolved the lower house. France's debt has surpassed 110% of GDP, the worst in the Eurozone after Greece and Italy, violating European Union rules on debt and deficit limits. The budget deficit is set to widen to 6.1%..
focus
Due to High Costs - Lufthansa CEO Raises Alarm: 'More and More Airlines Avoid German Airports'
Lufthansa CEO Carsten Spohr warns: High state costs are leading to more and more airlines avoiding German airports and canceling important flight connections. Ryanair and Eurowings are complaining about high costs and reducing their offerings. According to the industry association, the air traffic tax, air traffic control fee, and air security fee are state-induced.
Tagesschau - Wirtschaft und Börsen-Nachrichten
Weakness of the German Economy Is the Decline Repeating?
Economy
Finance
Politics
Germany is in a recession; economic performance is declining; consumer climate is negative; companies like the furniture store Brandl Home Company are suffering; unemployment is rising; glimmer of hope: mass unemployment is unlikely, public finances are solid, the ECB is lowering interest rates.
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