Germany’s trade dependence on China has grown to “dangerous” levels, according to the country’s finance minister, with Berlin’s trade deficit with Beijing more than doubling last year, a development some experts warn can result in serious geopolitical implications. “Dangerous development: The German trade deficit with #China more than doubled in 2022. We should learn from…
German Finance Minister Warns Against ‘Dangerous’ Trade Dependence on China
German Government Chooses Joachim Nagel to Head Central Bank
BERLIN—The new German government has chosen an experienced central banker and former board member of Germany’s state-owned development bank to head the country’s central bank, the finance minister said Monday. Joachim Nagel will succeed Jens Weidmann, who announced in October that he would step down at the end of the year after a decade as…
Germany’s Incoming Finance Minister Rings Alarm Bell on Inflation
BERLIN—Germany’s incoming Finance Minister Christian Lindner on Tuesday vowed to champion solid public finances and a reduction of debt levels across the euro zone so that the European Central Bank (ECB) could fight inflation without hesitation if needed. Lindner’s comments, posted on Twitter, came after data showed on Monday that German consumer price inflation accelerated…
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