9.5 C
Berlin
Saturday, December 7, 2019

Grand Coalition negotiates ‘basic pension’ compromise

The coalition has agreed on a compromise for the introduction of a basic pension. The compromise provides for an income test, but...

Commerzbank to cut more jobs and close branch offices

For Commerzbank boss Martin Zielke, there is no alternative to a drastic cuts after the failed merger attempt with Deutsche Bank. Many...

German economy: on the brink of recession?

After a sluggish start in 2019, researchers at the Kiel Institute for the World Economy now expect a further decline. However, the...

ECB raises penalty interest rates and restarts bond-buying programme

Going forward, banks will have to pay 0.5 percent interest if they store money at the central bank. The ECB is also...