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Interest rates are falling. So why is European construction still in the doldrums?
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The European Central Bank cut rates in September but so far there is little cheer in construction
Germany earmarks €18.9 billion for green construction and renovation subsidies
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Germany’s cabinet has approved €18.9 billion (US$20.8 billion) for subsidies in the building sector to encourage the construction of new energy efficient buildings and the renovation of existing buildings.