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The Association of German Chambers of Industry and Commerce conducted an online survey of owners and top managers of 1,800 enterprises from all key sectors of Germany. 67% of respondents said that the European Union is better than they think about it. According to 82% of survey participants, European integration has brought the greatest benefit in ensuring political stability on the continent. This assessment of German businessmen has grown significantly over more than 10 years, considering that in 2006 only 53% of businessmen had this opinion. They also attributed the advantages of the EU to the transition to a common monetary currency, which ensured the absence of currency risks. Today, 73% of German business leaders hold this opinion. A high percentage of respondents - from 57% to 69% - believe that free access to European markets, common norms and standards, common trade policy are also among benefits. German businessmen expressed the opinion that the lack of explanation by the British business community to the UK population of the advantages of EU membership led to a vote in a referendum in favor of Brexit.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...
Early Tuesday saw European stocks push lower, resulting from signs of a weakening German economy, the region's industrial powerhouse. The DAX in Germany traded 0.9% lower at 3:55 AM ET (0705 GMT). Also experiencing the plunge are France's ...
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