has problems.... Carsten Brzeski, global head of macro at ING, said the data, when analysed in line

BERLIN--The head of Germany's central bank announced Wednesday that he will step down after a decade at the helm, removing a key hawkish voice from the European Central Bank’s governing council.A statement from the Bundesbank said Jens Weidmann will leave office at the end of the year for personal reasons.... He has tended to urge restraint in measures that involve buying government bonds of member states, a step the European Central Bank has undertaken to drive down long-term interest rates an

The German economy is still failing to grow, figures showed on Friday, as the country that should be the industrial powerhouse for all of Europe struggles with high energy prices, rising borrowing costs and a lagging rebound from key trading partner China. Economic output in Germany stagnated in the April-to-June quarter, the Federal Statistics Office said.... That follows a decline of 0.1% in the first three months of the year and a drop of 0.4% in the last three months of 2022 as the energy s

FRANKFURT, Germany--The European Central Bank hiked its key interest rate to a record high Thursday, pressing its fight against stubbornly high inflation that has been plaguing consumers — even as worries grow that higher borrowing costs could help push the economy into recession. The increase of a quarter-percentage point comes as central banks around the world, including the U.S. Federal Reserve, try to judge how much anti-inflation medicine is too much — and what’s the right point to halt the

The euro's purchasing power has lost 77 percent since 1999 on real estate in Paris, according to a report by French daily Le Figaro.... In a staunch attack on Brussels, the article was titled" The euro, a melting currency, no longer protects neither the consumer nor the saver". Sharing the news on Twitter, the Generation Frexit leader furiously called for France to leave the eurozone and ditch the bloc's common currency.He blasted:" Despite the euro's disaster for the competitiveness of France

The French President has in recent weeks thrown his weight around on the global political stage.... He reacted furiously to the news that the UK, US and Australia had entered a trilateral security alliance.... Canberra had an existing agreement with Paris to build and buy 12 French submarines — but the new defence pact, AUKUS, will see Australia instead buy US-made submarines.Mr Macron, widely seen as spearheading the EU alongside German Chancellor Angela Merkel, immediately condemned the agre

That is an unprecedentedly swift campaign to tighten the flow of credit to the economy as the bank seeks to return inflation to its target of 2% from 6.1%.... “ The Bank wants and has to be sure that it has slayed the inflation dragon before considering a policy change.” Higher rates fight inflation by raising the cost of borrowing for auto loans, mortgages and credit cards, reducing demand for goods that drives prices higher.... But they also can weaken the economy and raise the risk of throw