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Latest in Tag: budget

German auditors warn of risks to balanced budget

A German financial watchdog has warned the German government’s preoccupation with balanced annual federal budgets covers up a number of underlying risks. They point to grave structural discrepancies. According to a fresh analysis by Germany’s Supreme Audit Institution, huge financial risks hide behind the shining facade of the government’s 2016 draft budget, which once again …

Deutsche Welle

Report: Lufthansa planning ‘budget’ pricing system

Lufthansa is planning a new pricing system to meet challenges from low-budget competitors, a German paper has reported. Meager earnings have spurred the shakeup at Germany's classic airline. Lufthansa's ticket chief Jens Bischof was quoted in the "Süddeutsche Zeitung" newspaper saying that passengers would only pay for what they used, unlike the all-round service that the airline has offered since…

Deutsche Welle