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Bookmark or Share- Europeans are clinging to their savings. What does it mean for growth ...European households are saving at their highest rates in years, according to new data, with saving rates in the eurozone surpassing pre-pandemic levels. In the second quarter of 2024, the saving rate in Europe was 15.7% — an increase from the 15.2% rate seen in the quarter prior, according to Eurostat, the statistical office of the European ...
- What is Germany’s role within the EU? | World Economic ForumGermany should put its full weight behind “pooling and sharing” military resources, even if the United Kingdom is resistant to such an effort. After all, the time when EU member states went to war alone ended more than three decades ago, with the Falklands War. “Poor old Germany,” Henry Kissinger once quipped. “Too big for Europe, too ...
- These charts show which businesses are driving the EU economyNew data from Eurostat shows how different sized businesses contribute to the EU economy. The data provides insights on where turnover is highest, and which sectors are contributing the most money. And while over 99% of EU companies are small and medium-sized enterprises (SMEs), over half of the bloc’s net turnover comes from large businesses.
- How will Germany end its reliance on Russian gas imports? | World ...Germany plans to meet this challenge through a combination of measures included diversified sources of LNG imports, levies and extended the life of its nuclear power plants. Germany has decided to replace all Russian energy imports, most notably natural gas, by as soon as mid-2024, a Herculean effort given Europe's top economy depends on Moscow ...
- This is how Europe is helping companies and workers as the coronavirus ..."There is no upper limit on the amount of loans that [the state development bank] can issue," stated Germany’s finance minister Olaf Scholz, according to the Financial Times. Germany’s state development bank KfW has roughly half a trillion euros available to support the country’s economy, which is the largest in Europe.
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