In the process of the German unification and especially after the formal unification in October 1990, Eastern Germany was supported by West Germany by a lot of measures. The main purposes were to improve the infrastructure, to stimulate private investment and to alleviate the adjustment process...

In a bold legislative move, in 2009 Germany introduced a fundamental reform of the government borrowing rules which are specified in its constitu-tion. In particular, state governments will be required to provide a balanced budget, abstracting from cyclical fluctuations, starting in the year...

In den vergangenen Monaten haben sich die Frühindikatoren deutlich verbessert. Die konjunkturelle Dynamik dürfte in der ersten Jahreshälfte deutlich höher gewesen sein, als von uns im vergangenen März geschätzt wurde. Für das Jahr 2010 insgesamt prognostizieren wir einen Anstieg des...