May 22, 2012
Published: 11 Jan 09 09:48 CET
Online: http://www.thelocal.de/money/20090111-16681.html
Food discount giant Edeka, whose merger with the Plus stores has been approved, plans to create 8,000 new jobs this year as the global financial crisis sends more people to cheaper shops, its CEO says.
DDP/The Local (news@thelocal.de)
Germans on holiday may have a reputation for annoying others by staking out their claim to sun loungers with a towel before breakfast – but it seems they are also among the most generous and savvy tippers. READ (2 COMMENTS) »
The European Central Bank is not working on any alternative plan to Greece staying in the single currency a top official said on Monday, dismissing ideas that a “Plan B” was in development. READ »
As Greece prepared itself for new parliamentary elections, the sense of crisis was exacerbated by confusion over whether German Chancellor Angela Merkel had suggested a Greek referendum on keeping the euro. READ (12 COMMENTS) »
Some 800,000 metalworkers in the south-western German state of Baden-Württemberg won a 4.3 percent pay rise after marathon negotiations, their union IG Metall said on Saturday. READ (1 COMMENT) »
The eurozone could absorb a Greek exit from the bloc, although it would prove extremely costly, a top member of German Chancellor Angela Merkel's junior coalition partners said on Friday. READ (7 COMMENTS) »
The leaders of Germany, France, Britain, Italy and senior EU officials agreed Thursday that both budget consolidation and growth are necessary to tackle the eurozone crisis, Berlin said. READ (1 COMMENT) »
Fleeing rising unemployment, people from Greece and Spain poured into Germany last year, fuelling the highest rise in immigration for 16 years, data released by the Federal Statistics Office on Wednesday showed. READ (11 COMMENTS) »
Self-employed workers in Germany are mounting an offensive against a proposed law that would force them to pay at least €350 per month into the public pension system. READ (4 COMMENTS) »
German investor confidence fell sharply in May, following five straight months of increase data showed Tuesday, while a poll of Financial analysts showed growing concern about the eurozone debt crisis. READ (2 COMMENTS) »
Germany has avoided recession despite the resurgent eurozone debt crisis, official data showed on Tuesday, confirming the resilience of Europe's top economy to the surrounding turmoil. READ (9 COMMENTS) »
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