safe places to put their money. That means rock-bottom borrowing costs for the government, in contrast to the heavy risk premiums paid by Italy and Spain to borrow costs that threaten to undermine their budgets and create a self-fulfilling default spiral. A two-year bond sold Wednesday cost the German treasury only 0.14 percent interest yield, and a 10-year bond issue from April 11 yielded only 1.77 percent. With inflation at 2.3 percent, Germany's creditors are accepting no return on their lending or even paying for the privilege of lending it money, http://www.cheaptomsshoessalei.com - toms shoes sale . Rates are also low because the European Central Bank has reduced its benchmark to a lowest-ever 1 percent. German economists say those rock-bottom rates are helping lower borrowing costs for companies as well, spurring business investment that is helping fuel the recovery. Additionally, the crisis has kept the euro's exchange rate weaker than it otherwise would be, boosting exports. The eight economic institutes who produce a twice-yearly forecast for the government says that means German goods are cheaper in foreign markets than they have been for 30 years. The institutes warned however against complacency. They say their economy remains threatened by any wider disaster in the eurozone because 43 percent of its exports go to other eurozone countries and 20 percent to the five crisis-hit countries, Spain, Italy, Greece, Ireland and Portugal. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By DAVID KOENIG, Associated Press DALLAS (AP) Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation. The unions believe that combining with US Airways would give American the best chance to grow and preserve jobs, said the two, who spoke on condition that they not be identified because no decision has been announced. An announcement by the unions is possible as early as Friday morning, they said, http://www.tomsoutletsalecheap.com - tomsoutletsalecheap.com . A spokesman for American said Thursday that the company is focused on its own plan to reorganize under bankruptcy protection, which he called the best option for the airline's 73,000 employees. US Airways Group Inc, http://www.tomsoutletsalecheap.com - cheap toms ., based in Tempe, Ariz., declined to comment. It has previously confirmed hiring advisers to consider a bid for American's parent company, AMR Corp., based in Fort Worth, Texas. AMR filed for bankruptcy protection in November and has since outlined plans to cut more than 14,000 jobs, including 13,000 held by union members. On Thursday, the company reported a $1.66 billion loss for the first quarter, mostly on bankruptcy-reorganization costs. On Monday in New York, AMR is scheduled to begin presenting its case for throwing out union contracts and imposing new pay, benefits and work rules. A federal bankruptcy judge is expected to rule on the request in early June. Unions for American's pilots, flight attendant
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