Germany stalls
Article Abstract:
Germany faces low gross domestic product (GDP) growth while the European euro has dropped in value in relation to the US dollar. This drop in value could be seen as healthy since it reflects slower European growth and especially slower German growth. US interest rates may rise, while European rates look set to stay low. Cyclical factors have affected European economies, but there are also structural problems in Europe. Germany has also been hit by a drop in exports to Russia, and Germany has had to maintain tight fiscal and monetary policies due to constraints imposed by monetary union.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Year zero for the euro
Article Abstract:
European monetary union has been launched in 1999, though the new euro currency will not be available in the form of notes and coins until 2002. There has been a stimulus to capital markets from the launch of the euro, and low interest rates have encouraged companies to borrow. Acquisitions and mergers have also boosted borrowing levels. Job losses can arise from mergers, though they are also seen as bringing greater efficiency in industry. Political union could result from monetary union, but this is not inevitable.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Armoured autos. Unite: car makers of the world
- Abstracts: When the walls come tumbling down. Sweating for that Euro
- Abstracts: The deregimentation job at home: a new economy for the new century. School's out: high-technology trade
- Abstracts: Controlling guns. The end of the feast
- Abstracts: A global war against bribery. Stop the rot. Frazzled: Ferruzzi