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The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
Germany would be the big loser if a Trump presidency sparked a tit-for-tat trade war between the United States and Europe, with Germany's previously much-envied industrial strength potentially ...
The U.S. dollar is on fire, reaching near-parity with the euro for the first time in two decades. The yen ( JPY=X ) is down 20% versus the dollar over the last year — nearly unheard of in the ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
U.S. president Donald Trump last week renewed his attack on Germany and Europe for, in his view, manipulating the euro lower to boost exports and trade in their favour at the expense of U.S ...
A study by the Centre for European Policy in Freiburg indicated that Germany gained significantly from the introduction of the euro. Between 1999 and 2017, Germany gained almost €1.9 trillion as a result of the euro's introduction. [16] The new currency created an additional €23,000 per inhabitant in Germany during this two-decade timeframe ...
The drop in the euro’s value results from recent global economic challenges–a war in Ukraine, supply-chain shocks, inflation and pandemic inspired stagnation, all of which are hitting Europe ...