Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Hungary Contains Danube Flooding as German Dikes Bursts on Elbe
Jun 10 2013 // Hungary was set to contain the Danube river from overflowing in Budapest while the economic toll grew in eastern Germany, where thousands of people have been forced to evacuate along the Elbe River. Hungarian authorities...
Insured Losses from Europe Floods Estimated at $2.65B, Less Than in 2002
Jun 7 2013 // The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured losses may reach 2...
Germans Battle Rising Floods Threatening Historic Cities
Jun 6 2013 // Firefighters, soldiers and volunteers in eastern Germany toiled through the night to defend against floods that have submerged towns, villages and farmlands for the second time in 11 years. Crews in Dresden, home to the...
East Germany Prepares for Dam Bursts as Prague Begins Clean-Up
Jun 5 2013 // As the people of Prague started to clean up after three days of flooding, residents in the eastern German cities of Dresden, Halle and Meissen were bolstering their defenses against the torrents of water still surging from...
Floods in Central Europe Near Peak; Prague Among Hardest Hit Cities
Jun 4 2013 // Floodwaters that inundated Prague and swamped large areas of central Europe may peak today as emergency crews work to open river traffic, drain submerged neighborhoods and count the cost of the storm damage. Chancellor...
Central Europe Hit by Rains, Floods and Landslides: AIR Analysis
Jun 4 2013 // Catastrophe modeling firm AIR Worldwide has released a report on the current heavy rains and floods that have inundated large parts of Central Europe during the past several weeks, causing “some of the worst floods...
Germany, Czech Republic Brace for more Flooding after Heavy Rains
Jun 3 2013 // Heavy rainfall swelled already full rivers in southern and eastern Germany on Saturday, prompting authorities to reinforce flood defenses after at least two people drowned in recent days. Water levels on the Rhine, Danube...
No Light yet at End of Euro Zone Tunnel; Global Economic Weakness Persists
Apr 23 2013 // An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in an unprecedented campaign of monetary easing by the world’s major central banks. A preliminary...
Ratings Recap: Saturn, Western General, German Mutual, Accredited Surety
Apr 22 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Vermont-based captive insurer Saturn Insurance Inc....
Joint Bonds Needed to Save the Euro Says George Soros
Apr 11 2013 // All euro zone governments need to issue bonds jointly to ensure that the common currency survives the sovereign debt crisis, investor George Soros said on Tuesday. Soros, a liberal philanthropist who rose to fame as an...
German Minister Says Tax Haven Report Will ‘Increase Pressure’
Apr 5 2013 // German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus...
Austerity Threatens Europe’s Competitive Edge in Infrastructure
Mar 28 2013 // Europe’s carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. But thanks to austerity budgets that are slashing infrastructure spending just...
Horsemeat Blame Game Ricochets across Europe
Feb 18 2013 // Accusations, denials and threats to sue reverberated around Europe on Friday as meat traders, food processors, retailers and governments all rejected blame for horsemeat found in ever more beef dishes across the...
G20 Wrangles over Currencies, Borrowing, Deficits at Moscow Talks
Feb 15 2013 // The Group of 20 major economies struggled on Friday to find common ground on currencies and borrowing, exposing rifts between advocates of a dash for growth and supporters of more austerity to revive the world economy. A...
EU Countries to Receive Go-ahead for Financial Transaction Tax
Jan 22 2013 // Germany, France and nine other euro zone countries will get the go-ahead on Tuesday to push on with a financial transactions tax, a measure likely to unsettle banks but which will please voters and raise much-needed...
German Court Allows Investors to Sue S&P over Lehman Insolvency
Jan 18 2013 // Germany’s Federal Court of Justice has ruled that investors can sue Standard & Poor’s for failing to adequately reflect the deteriorating financial health of Lehman Brothers in its rating assessment...
Zurich’s European Survey Confirms Insurance Isn’t a Luxury in Economic Crisis
Jan 15 2013 // A survey conducted by GfK on behalf of Zurich Insurance Group analyzed how the people in seven different European countries are dealing with their insurance needs in the light of the ongoing economic crisis. Insurance...
Worst of Euro Crisis is Over, German Finance Minister Schaeuble Says
Dec 28 2012 // The worst of the euro zone sovereign debt crisis is over, German Finance Minister Wolfgang Schaeuble has said in an interview to be published on Friday. Schaeuble said governments in heavily indebted countries such as...
Europe Deepens Union with ECB as Chief Bank Watchdog
Dec 13 2012 // Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro. After more...
Best Affirms Zurich Insurance and Group ‘A+’ Ratings; Outlook Stable
Nov 28 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss-based Zurich Insurance Company Limited...
