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.


German Airlines Urge Stronger Action Against Drone Threats at Airports

German airlines are intensifying calls for decisive government measures to address the growing risks posed by drones near airports. Reports of unauthorized drone sightings have become increasingly...

Samsung Ordered to Pay $445.5 Million in Extensive Patent Infringement Case

A U.S. jury in Texas has ruled that Samsung must pay approximately $445.5 million in damages following a patent infringement lawsuit brought by Collision Communications. This decision marks a...

Porsche Faces Potential Job Security Review Amid Cost-Cutting Measures

Porsche, the renowned sports car manufacturer, is currently engaged in discussions with employee representatives regarding expanded cost-saving initiatives. The company has been experiencing mounting...

Taylor Swift Achieves Historic Milestone with Eight Songs in German Top 10 Charts

American pop icon Taylor Swift has set new records in the German music charts, marking an unprecedented achievement for an international artist. According to official chart compilers, Swift currently...

Artificial Intelligence Revives Music Legends for Television Performances on ProSieben

Innovative technology is transforming the entertainment landscape as ProSieben, in collaboration with the streaming platform Joyn, introduces a new music show that brings renowned music legends back...

German Antitrust Authority Approves Sale of Fashion Brand Closed

The German Federal Cartel Office has officially authorized the sale of the fashion label Closed, marking a significant step in the restructuring of the Hamburg-based brand following its insolvency...

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

Funny Bones MC

Join us for the Funny Bones MC event in Karlsruhe at Jubez on the 16th of October. Experience an entertaining evening filled with laughter and fun. Whether you're looking to enjoy a night out with friends or seeking a unique experience, this event promises to deliver joy and amusement.