Sonja Wind

(Bloomberg) -- German output may have shrunk slightly in the first quarter, according to Bundesbank President Joachim Nagel, who graded Europe's biggest economy a four out of 10 but cautioned against excessive pessimism.

History suggests that it’s worse to loosen monetary policy too soon than too late, according to European Central Bank Governing Council member Joachim Nagel.

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A Frankfurt labor court rejected a request to block another strike by a small, but influential train driver union this week, dismissing a case filed by German railway operator Deutsche Bahn AG.

Bundesbank President Joachim Nagel said he’s more worried about Europe’s economy than that of his homeland — using a term coined to describe Germany’s post-unification struggles.

Bundesbankpräsident Joachim Nagel sieht nicht so sehr die deutsche Wirtschaft als Sorgenkind an, sondern der gesamte Kontinent leide unter Strukturproblemen wie überbordender Bürokratie und hohen Steuern.

The European Union shouldn’t fund further programs until countries have gotten their finances in order, German Finance Minister Christian Lindner said.

The European Investment Bank has proposed a plan that will make it easier and faster to fund defense projects in a bid to boost support for Europe’s security and defense industry.

Volkswagen AG faces an uphill battle to convince investors it can turn around its business in China.

Volkswagen isn’t alone in struggling with the rise of China’s domestic auto industry. German carmakers BMW and Mercedes-Benz have seen their market share decline, particularly among EVs.