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☆ Germany is struggling to move away from its ‘sick man of Europe’ image
▼ + stars: | 2023-08-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

Germany was first described with that moniker in 1998 as the country navigated the costly challenges of a post-reunification economy. The issues weighing on Germany's economy can be separated into "two very separate battles," Stefan Kooths, research director for business cycles and growth at the Kiel Institute for World Economy, told CNBC. "It is a different sickness [compared to] 20 years ago," Brzeski told CNBC. Energy obstaclesLike most of Europe, Germany's energy prices have been volatile following Russia's full-scale invasion of Ukraine. "Many Germany-headquartered businesses are doing well globally, but they are struggling with operations in their own country," Siegfried Russwurm, head of the German Industry Federation, told CNBC in June.

Persons: DANIEL ROLAND, aren't, it's, Holger Schmieding, Schmieding, Jasmin Groeschl, Stefan Kooths, Carsten Brzeski, China's, Brzeski, Groeschl, Joerg Kraemer, Kooths, Siegfried Russwurm Organizations: Frankfurt Cathedral, AFP, Getty, International Monetary Fund, Berenberg, CNBC, Europe, Allianz, Kiel Institute, World, ING Research, German Industry Federation Locations: Frankfurt, Germany, Europe, France, China, Kiel, Ukraine

☆ Europe didn't roll back post-2008 banking rules. That was smart
▼ + stars: | 2023-03-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —Shares in European banks slumped Wednesday as speculation about the health of Credit Suisse (CSGKF) reignited the market turmoil sparked by the collapse of Silicon Valley Bank. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, has fallen 13% since last Wednesday’s close. In 2018, former President Donald Trump watered down key parts of the Dodd-Frank Act, which set stricter rules for the banking sector. But European banks are required to hold capital to cover the risk of a large and sudden change in borrowing costs. “This means that European banks have less exposure to market risk on bonds, despite a similar rise in yields,” Moody’s said in its note.

☆ Euro zone predicted to have a deep recession and a difficult, slow recovery
▼ + stars: | 2022-11-16 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

The euro zone economy is heading towards a recession, according to several economists. Daniel Roland | Afp | Getty ImagesThe euro zone is expected to plunge into recession in the coming months with economists warning "it will not be shallow." The 19-member zone that shares the euro currency has been under significant pressure since Russia's unprovoked invasion of Ukraine in February. Speaking earlier this month, ECB President Christine Lagarde highlighted that "the risk of recession has increased." Gas storageEven if the euro zone emerges out of recession in the first quarter of next year, economists say the subsequent months will still be hard.

☆ Premarket stocks: A spooky forecast for the future of interest rates
▼ + stars: | 2022-10-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —When will central banks stop raising interest rates? This week, the Federal Reserve is expected to increase rates by 75 basis points for the fourth time in a row. For some time, it was thought that 2023 would bring lower interest rates and a return to dovish monetary policy. Even the Federal Reserve appears confused about when it will stop rate hikes. A possible answer: Wall Street tends to favor big events, but the future of central bank policy may be more nuanced.

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