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Inside this issue
• Growth has resumed in Europe’s largest economy but the fall-out of the crisis will linger
• Pressure on balance sheets is likely to persist in the banking industry - -
Content
Swabian housekeeping forced to adapt
After a near-catastrophic collapse in economic activity at the start of the year, Europe’s largest economy had bounced back
Merkel has her majority but tensions remain
September 27 marked a high point in Angela Merkel’s career.
South-west bears brunt of the storm
At a first glance, Esslingen, a small town in the Neckar valley in southern Germany’s industrial heartland, appears to have escaped the economic crisis
Retailers belatedly learn the importance of customer care
Shopping in Germany long meant dowdy displays and surly service. But retailers seem to have woken up to the fact that even the country’s famously thrifty consumers sometimes want more than the lowest possible price.
Fears focus on capacity for lending
More than a year after the darkest days of the financial crisis, the banking system is at the centre of concerns about prospects for economic recovery
Culture budget finds itself under pressure
Patricia Naatz says that private sponsors are not about to fill the gap
