ECB boss Lagarde: Uncertainty about the corona consequences remains high
BRSSEL / FRANKFURT – The economic uncertainty in the Eurozone after the economic downturn, according to the ECB boss Christine Lagarde high. “You can still feel the effects of the pandemic,” said Lagarde on Monday in Brussels. There she took part in a hearing before EU parliamentarians. “The economic forecasts look uncertain,” said the central bank chief.
ROUNDUP / Brexit: EU ultimatum fizzles – negotiations continue anyway
BRSSEL – Despite British violations of the current Brexit agreement, the European Union wants to continue working with London on the planned trade pact. This made EU Commission Vice-President Maros Sefcovic clear on Monday in Brussels. An ultimatum set by the EU to move away from the breach of contract is apparently in vain: the British government has shown no intention to give in, Sefcovic conceded.
The federal government is placing more bonds on the market than previously planned
FRANKFURT – The federal government is planning to borrow more debt on the financial markets in Germany than previously planned. In the months from October to December, federal bonds with a volume of 50.5 billion euros are to be placed, the finance agency responsible for debt management announced on Monday. That is six billion euros more than originally planned. In addition, a so-called “green” federal bond is to be launched for the second time in November, the announcement said.
ROUNDUP 2: Merkel warns of a sharp increase in the corona numbers
BERLIN – Before the next consultations with the federal states about the Corona crisis this Tuesday, Chancellor Angela Merkel (CDU) warned of a significant increase in the number of infections in Germany. If these weekly develop as before, there will be 19,200 new infections a day at Christmas, said Merkel on Monday, according to information from participants in a video conference of the CDU presidium. The Chancellor had it extrapolated if there were an exponential course, it said. Bavaria’s Prime Minister Markus Sder (CSU) demanded uniform nationwide rules for regional countermeasures before the federal-state consultations on Tuesday (2 p.m.).
Federal government wants close coordination in the EU on tourism
BERLIN – The federal government wants close coordination in the EU on tourism. The tourism officer Thomas Barei said on Monday before an informal video conference of the EU tourism ministers that a stronger European solution should be discussed, for example with travel warnings and corona rapid tests. Politicians have a great responsibility for jobs in the industry.
ROUNDUP / IAB: The mood on the labor market is brightening
NRNBERG – Regardless of the announcements of massive downsizing in the automotive industry, the mood on the labor market is generally improving. The labor market barometer of the Nuremberg Institute for Labor Market and Occupational Research jumped above the 100 point mark in September for the first time in months, as the IAB announced on Monday. “Half a year after the shutdown, the prospects of reducing unemployment are improving,” said the head of the forecast and macroeconomic analysis research department at the IAB, Enzo Weber.
ROUNDUP 3 / newspaper: Trump paid hardly any taxes for years – President: ‘Fake News’
WASHINGTON – Over a month before the US presidential election, incumbent gangs Donald Trump under pressure from an explosive New York Times report on its taxes and finances. The newspaper wrote, among other things, that the US president paid only $ 750 federal income tax in 2016 and 2017. In addition, Trump’s tax records show that he is personally liable for debts of $ 421 million. Of this, more than $ 300 million would be due over the next four years.
ROUNDUP: You are reading a summary in the economic overview. There are several reports on this topic on the dpa-AFX news service.