Arab Today, arab today merkel steels germans for \more difficult\ 2013
Last Updated : GMT 00:00:12
Arab Today, arab today
Arab Today, arab today

Merkel steels Germans for \'more difficult\' 2013

Arab Today, arab today

Arab Today, arab today Merkel steels Germans for \'more difficult\' 2013

Berlin - AFP

Chancellor Angela Merkel warned Germans that the economy, Europe\'s biggest, would experience a harder time next year than in 2012 and cautioned too that the eurozone debt crisis was far from over. In her annual New Year address published Monday, Merkel said: \"In fact, the economic environment next year will not be easier, but more difficult\", adding: \"The crisis is a long way from being beaten.\" Although top exporter Germany has managed to hold up to the crisis fairly well, growth has slowed here as well since the beginning of the year. After expanding by 0.5 percent in the first quarter of 2012, gross domestic product (GDP) grew by just 0.3 percent in the second quarter and a mere 0.2 percent in the third quarter. And in October, the government slashed its forecast for economic output next year to 1.0 percent, compared to 1.6 percent previously anticipated. The country\'s gloomy central bank has said Germany may even flirt briefly with recession early next year. The Bundesbank also forecast that Germany would only grow by a meagre 0.4 percent next year. Nevertheless, \"it has been possible this year to have the lowest unemployment and the highest level of employment since the reunification\" in 1990, Merkel recalled. And a slowdown next year \"should not leave us discouraged but should spur us on\", said the chancellor, according to the text of her speech released in advance by her office. Turning to the eurozone\'s efforts to tackle its three-year debt crisis, she judged that \"the reforms that we have decided are beginning to work\". \"However, we still need more patience. The crisis is a long way from being overcome.\" She appeared more pessimistic than other eurozone leaders such as France\'s President Francois Hollande or even her own finance minister, Wolfgang Schaeuble, both of whom have declared the worst of the crisis over. In an interview with mass circulation Bild last week, Schaeuble said: \"I think the worst is behind us\", citing positive developments in Greece and France. Hollande has repeatedly said the eurozone crisis, which has at times threatened the very existence of the 17-country currency union, was past. Merkel also called for better supervision of the financial markets, stressing: \"The world has still not sufficiently learnt the lessons of the devastating financial crisis of 2008\". \"Never again should such a lack of responsibility assert itself as before. In the social market economy, the state is the guardian of order and people have to be able to have confidence in that,\" added the chancellor.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today merkel steels germans for \more difficult\ 2013 Arab Today, arab today merkel steels germans for \more difficult\ 2013

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today merkel steels germans for \more difficult\ 2013 Arab Today, arab today merkel steels germans for \more difficult\ 2013

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday