Allianz warns against D-Mark return

Sun 19th May, 2013

Munich - According to the insurer Allianz, a return of the D-Mark would cost Germany wealth and jobs. The result would be "a much greater shock than the Lehman crisis" warned Allianz Chief Economist Michael Heise in the daily newspaper "Die Welt" on Monday. The appreciation of up to 20 percent would increase the price of German products abroad and would reduce exports by up to 20 percent. Companies would have to reconsider their location, and the closure of production facilities could jeopardize the German economy significantly. Europe's largest insurance company warned that if this were to happen, four to five years after the end of the monetary union, there would most likely be production losses of up to 25 percent compared to a normal economic development.


Are Major Brands Miscalculating Consumer Loyalty with Price Increases?

In recent times, leading brands have primarily relied on price hikes to drive growth. However, this strategy appears to be reaching its limits as consumers begin to shift their preferences towards...

DHL Suspends Package Shipping to the U.S. Due to Customs Challenges

In response to heightened customs regulations, DHL has announced a partial suspension of its package delivery services to the United States. This decision is primarily aimed at private shipments...

World Book Day: Imagination or AI Algorithm - Who Will Write Our Future Books?

On World Book Day, the role of artificial intelligence (AI) in literature is under scrutiny as technology increasingly aids in the writing process. While AI programs can assist in overcoming writer's...

Heating Costs Expected to Rise by Up to 23% for Consumers

As the heating season comes to a close, initial assessments reveal that consumers reliant on gas heating will face significantly higher costs. According to a recent analysis by the comparison portal...

Exploring the Sources of Happiness: A Reflective Perspective

The pursuit of happiness has always captivated individuals across different ages and backgrounds. Children find joy in simple treats like chocolate and ice cream, while young adults look forward to...

Navigating Teen Smartphone Use: Balancing Freedom and Safety

The debate surrounding the appropriate use of smartphones for teenagers continues to be a contentious issue among families. As technology evolves, parents are increasingly concerned about how to...

More Quick Read Articles »
German PKV Insurance

German Private Health Insurance

Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

Events

Upcoming Events

WERKstatt Regie: Delinquenten & Experten

Join us for an exciting theatrical experience on Saturday, May 10, 2025, from 19:30 to 22:00 at the Münchner Kammerspiele - Werkraum. This performance, directed by Melina Dressler, is a directorial exercise inspired by Heiner Müller's 'Quartett' and incorporates texts by Michel Foucault. The...