The European Central Bank’s bond- buying plan will be reviewed by the European Union’s highest court as German judges temporarily put aside their doubts about the program credited with quelling the region’s debt crisis.
German economists are rebutting accusations from the U.S. Treasury Department and Nobel laureate Paul Krugman that their nation’s current account surplus is too large and poses a threat to global growth.
German Chancellor Angela Merkel’s deal with the Social Democrats may provide enough of a spur to keep Europe’s biggest economy growing, while failing to provide the boost elsewhere international critics are demanding.
German Chancellor Angela Merkel sought to pin the blame for the euro-region’s debt turmoil on her Social Democratic predecessor, Gerhard Schroeder, saying he should never have let Greece into the single currency area.
German business confidence increased for a second month in June amid signs of a recovery in Europe’s largest economy, even as the euro area struggles to emerge from recession and China faces a cash crunch that may slow growth.