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Ifo Institute: Business Climate In German Automotive Industry Slightly Worse

The business climate in Germany’s automotive industry has worsened slightly. The ifo barometer for the industry fell to 8.5 points, down from 9.8 points in September. In July, the indicator had stood at 28.7 points. “Manufacturers and their suppliers have very different takes on the current situation,” says Oliver Falck, Director of the ifo Center for Industrial Organization and New Technologies. Business for manufacturers continues to be very good; the…


Former Greek finance minister Yanis Varoufakis at the Ifo Institute

Should Germany Pay For Greece, Italy And others?

In a speech given on 11 June 2018 in the IFo Institute (Munich), former Greek Finance Minister Yanis Varoufakis noted the urgent need for a fiscal reform, which France and Germany see in a very different way, in order to save the Eurozone.