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Economy

Germany to Increase Borrowing as Economic Forecast Darkens

Woman's hand going into cash register

Germany's Grand Coalition is set to substantially increase its net borrowing in 2009 -- the first time since coming to office. The news comes as an industry poll predicts job losses of 215,000 in Germany next year.  »

 

Defense

UN Imposes Somalia Sanctions as Germany Offers Military Help

German UN peacekeepers on board a German navy vessel

The United Nations has imposed new sanctions on Somali officials as Germany promised UN Secretary-General Ban Ki-moon assistance in the fight against piracy off the Horn of Africa. »

 

Alternative Energy

Experts Wary of Money Problems for Renewable Energy Market

Image of four windmills at work in the landscape

The current financial crisis has some German experts worried about a cut in renewable energy funds. But industry professionals say that no matter which way the wind turns, the turbine blades will keep churning. »

 

Finance

Germany Rebuffs Call for More EU Fiscal Stimulus

A life buoy at the bank of the Spree River in front of the Reichstag in Berlin

Germany has rejected calls to contribute more funds to a European Union fiscal stimulus package for recession-hit economies, with a government spokesman saying Thursday that Berlin was doing enough already.  »

 

Interior Affairs

Deutsche Post Mints Communist Medal by Accident

Wilhelm Pieck, left, and Otto Grotewohl, right

A silver medal minted for collectors by Deutsche Post caused outrage in Germany Thursday, Nov. 20, with the discovery that it honors a 1946 act of communist dictatorship. »

 

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