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Here is what 2018 has in store for Germany

Next year, Germany will still be waiting on a government. But with everything from an upcoming World Cup to more benefits for parents, there is a lot to look forward to.

Published: 28 December 2017 16:51 CET
Here is what 2018 has in store for Germany
Photo: DPA.

1. Time's up: Merkel has to pick coalition partners

Chancellor Angela Merkel has still yet to successfully form a coalition government, even though federal elections took place three months ago.

With pressure mounting and her popularity waning, Merkel will have to go back to the political negotiating table with her opponents and form a government in 2018.

SEE ALSO: A very lonely Chancellor to 'green' energy: how we'll remember 2017

2. More economic growth, and in some cases, more jobs

Germany's economic upswing is expected to continue, according to a survey by the Institute of German Industry. Of 48 industry associations, two-thirds will continue to see production expansion in 2018.

Economic growth has been taking place for ten years and in 19 sectors, industry leaders said they planned to add jobs next year, while only nine said they intend to cut down on jobs.

3. Housing will get more expensive (but not exorbitantly so)

Real estate prices in major German cities will increase but not at the rate we have seen in recent years, Analyse Emperica told German public broadcasting channel ZDF.

Construction of new properties will keep housing prices in check, despite the demand for hundreds of thousands of flats.

4. More benefits for parents

For parents and soon-to-be parents there will also be a few silver linings in 2018, despite January's cloudy weather.

Mutterschutz (maternity leave) benefits will be extended to students, interns and even high school pupils, with financial assistance kicking in six weeks before birth and eight weeks afterwards.

And for people who already have children, Kindergeld (child benefits) will go up two euros per month per child in 2018.

Photo: DPA.

5. Another day off (for one state)

Lower Saxony is set to get an additional national holiday, most likely on Reformation Day, which was a nationwide public holiday in commemoration of Martin Luther's 500th birthday in 2017.

Though it is not yet clear which date this additional day off will fall on next year, Lower Saxony's Minister President Stephan Weil (SPD) has already vowed to fight for it. 

6. Free streaming for online subscription services across the EU

Starting on March 20th, there will be free streaming for users of Netflix, Sky Go or Maxdome – thanks to a change in the European Parliament's rules that previously barred free streaming.

This means that when on holidays in France or Spain, for instance, you'll be allowed a limited amount of free streaming with your online subscription services.

7. More protection when you book holidays online

If you plan on booking your next vacation online, especially if booking multiple services (flights, rental cars, hotels, etc.), there will be more protection to online consumers beginning July 1st 2018.

Consumers will also be protected in the event of bankruptcies and the deadline for travellers to claim travel defects will be extended from one month to two years.

8. Time for the World Cup

And after what feels like a long wait for many, the World Cup will take place again in June 2018 in Russia, with Germany playing its first match on June 17th against Mexico.

Who knows? Maybe household football favourites like Jerome Boateng, Mario Götze and Manuel Neuer could help lead Germany to another victory title?

A football stadium in Moscow built for the World Cup in 2018. Photo: DPA.

POLITICS

‘Dexit’ would cost Germany ‘€690 billion and millions of jobs’

According to the German Economic Institute (IW), Germany's exit from the EU – the so-called Dexit – would cost millions of jobs and significantly reduce the country's prosperity.

Published: 19 May 2024 18:04 CEST
'Dexit' would cost Germany '€690 billion and millions of jobs'

In a study presented by the Cologne-based institute on Sunday, the authors showed that a Dexit would cause real GDP to drop by 5.6 percent after just five years. This means that Germany would lose 690 billion euros in value creation during this time.

In addition, Germany as an export nation is dependent on trade with other countries, especially with other EU countries, warned the authors. Companies and consumers in Germany would therefore feel the consequences “clearly” and around 2.5 million jobs would be lost.

The study is based on the consequences of Britain’s exit from the EU, such as the loss of trade agreements and European workers.

Taken together, the losses in economic output in Germany in the event of a Dexit would be similar to those seen during Covid-19 and the energy cost crisis in the period from 2020 to 2023, the authors warned.

Brexit is therefore “not an undertaking worth imitating,” warned IW managing director Hubertus Bardt. Rather, Brexit is a “warning for other member states not to carelessly abandon economic integration.”

Leader of the far-right AfD party Alice Weidel described Great Britain’s exit from the European Union at the beginning of the year as a “model for Germany.”

In an interview published in the Financial Times, Weidel outlined her party’s approach in the event her party came to power: First, the AfD would try to resolve its “democratic deficit” by reforming the EU. If this was not successful, a referendum would be called on whether Germany should remain in the EU.

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