European Commission President Ursula von der Leyen highlighted cutting bureaucracy amid efforts to make the European Union more competitive in remarks to German business leaders in Berlin on Tuesday. "We continue to be the economic area that exports the most worldwid. But I'm saying clearly that we have to step up a gear to secure what has been achieved and to remain ahead. We have to become faster, more digital and cleaner," the German politician said. Cutting EU red tape was making progress, s
Hiring intentions among companies in Germany weakened further in February and even layoffs are possible in the months ahead, results of a survey by the ifo Institute showed Tuesday.
German industry: Can the backbone of the economy be saved? thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
How Germany hopes to rescue its industrial base - The Street Journal thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
Europe's biggest economy is facing a recession, as high energy costs are a huge burden especially for the country's industrial companies. Will subsidized electricity help?