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1 month ago | 
politico.eu | Nette Nöstlinger |Johanna Treeck |Chris Lunday
BERLIN — Chancellor-in-waiting Friedrich Merz is promising a constitutional revolution to allow Germany to become Europe’s unlikely big spender — on arms and infrastructure — to contend with a new world order in which America is no longer a dependable ally.
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2 months ago | 
politico.eu | Johanna Treeck |Carlo Martuscelli
For most of the last 20 years, the labor market reforms of ex-Chancellor Gerhard Schröder have ensured near-full employment in Germany. But the model is creaking ever more loudly, due to a broad-based industrial crisis and a widening skills gap. It’s just a matter of months until the number of unemployed people in Germany hits 3 million for the first time in a decade, as companies either go bankrupt or give up waiting for a turnaround that just refuses to arrive.
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Dec 18, 2024 | 
politico.eu | Carlo Giovanni Boffa |Johanna Treeck
POLITICO spoke to five people and reviewed dozens of documents relating to two contentious hiring processes, both of which took place earlier this year: one for an adviser position in the directorate general of market operations and the other involving multiple supervisory roles in the directorate overseeing on-site inspections of banks. Staff representatives accuse management of twisting selection criteria after the process had been completed, to favor preferred candidates.
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Dec 15, 2024 | 
politico.eu | Johanna Treeck |Ben Munster
Only, some in the boat are baling and paddling more vigorously than others. As Bank of France Governor François Villeroy de Galhau told a radio interviewer recently, France is alone in not having made the reforms that many of its neighbors (“even the Italians!”) have made since the last crisis.
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Dec 12, 2024 | 
politico.eu | Johanna Treeck
The ECB also refrained from offering new guidance on the expected speed and scope of interest rate cuts next year, repeating that it will stick to a “data-dependent and meeting-by-meeting approach.” However, it removed a sentence from its “Most measures of underlying inflation suggest that inflation will settle at around the Governing Council’s 2 percent medium-term target on a sustained basis,” the ECB said.
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Dec 10, 2024 | 
politico.eu | Carlo Giovanni Boffa |Johanna Treeck
FRANKFURT — The European Central Bank is gearing up for another interest rate cut on Thursday and may also take a stronger line on signaling future rate cuts, at a time when political chaos in Europe’s two biggest economies is overshadowing an already grim economic outlook. The ECB is expected to cut its key deposit facility rate by a quarter point for a fourth time this year, bringing it down to 3 percent.
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Dec 2, 2024 | 
politico.eu | Johanna Treeck
The political turmoil in France has drawn speculation that Europe might be about to return to the bad old days of sovereign debt crises. Even the European Central Bank itself has admitted the possibility. The ECB has added to its armory since the markets last challenged its will to keep the eurozone together. But will it activate its newest crisis tool — the untested “Transmission Protection Instrument,” or TPI — to keep French borrowing costs down?
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Nov 26, 2024 | 
politico.eu | Johanna Treeck |Carlo Giovanni Boffa
Europe’s politics are a mess, the economy is stalling — and its currency is taking the strain. The euro has fallen to its lowest level against the dollar in nearly two years. But while the election of Donald Trump as U.S. president and the anticipation of his policies have played a big role in that weakness, a succession of bad political and economic news from the region’s two biggest countries has sapped confidence as well.
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Nov 21, 2024 | 
politico.eu | Johanna Treeck
Les élections imminentes en Allemagne soulèvent de grandes questions quant à l’avenir du symbole national le plus emblématique d’orthodoxie budgétaire : le fameux “frein à l’endettement”. Les responsables politiques de la troisième économie mondiale se demandent si ce légendaire frein à l’emprunt public a encore un sens dans un monde d’incertitude, entre la réélection de Donald Trump, la guerre en Ukraine et le déclin économique de l’Europe.
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Nov 21, 2024 | 
onet.pl | Johanna Treeck
Kaftan bezpieczeństwa fiskalny byłej kanclerz Angeli Merkel z 2009 r. już uderzył w rządzącą koalicję obecnego kanclerza Olafa Scholza. Politycy w trzeciej gospodarce świata zastanawiają się, czy to już legendarne ograniczanie pożyczek rządowych nadal ma uzasadnienie w świecie pełnym niepewności, w którym Donald Trump wraca do Białego Domu, trwa wojna w Ukrainie, a Europa podupada gospodarczo. Wpisana do konstytucji przez ówczesną kanclerz Angelę Merkel w 2009 r.
