Differences in labour market outcomes between East and West Germany persist, 30 years after reunification. Using high-quality administrative data from Germany, this column documents that East German plants face a steeper size–wage curve than West German ones, invest less in marketing, remain smaller, and, on average, pay lower wages.
The April 2022 CfM survey asked members of its European panel to assess the effects of an embargo on Russian gas on the German and EU economies. The majority of panellists assesses that an embargo on Russian gas would cut one to three percentage points from German GDP growth in 2022-3, if the German government offsets the costs with well-targeted fiscal policy. Estimates increase if the German government were to take no offsetting action.
The banking and asset management sector has much work to do to win the argument internally
Sixteen months into the Biden presidency, U.S. officials are still divided over what to do about a trade legacy left by President Donald J. Trump.
UK judge’s acceptance of plan moves guarantor lender closer to resuming business
Bank expects net interest income, excluding its markets business, to surpass $56bn this year, up from previous outlook of $53bn
CEO blames Ukraine war, volatile stock market and rising inflation for ‘hardest’ announcement bank has made
Regulator hits investment adviser with $1.5mn penalty for allegedly misstating and omitting information
Sector spends heavily on customer acquisition which means funding rounds are usually vital not optional
Greece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday.