so the PIIGS must be drowned to let Germany rise in power.
German Economy Grew More Than Forecast in First Quarter
The German economy grew five times more than economists forecast in the first quarter as exports to emerging markets offset waning euro-area demand. Gross domestic product in Europeís largest economy rose 0.5 percent from the fourth quarter, when it fell 0.2 percent, the Federal Statistics Office said in Wiesbaden today. Economists predicted a 0.1 percent gain, according to the median of 40 estimates in a Bloomberg News survey. French GDP stagnated. With the euro regionís debt crisis ravaging economies from Greece to Spain, German companies have shifted focus. Carmakers and their suppliers are benefitting from demand in faster- ... (full story)
- Posted: May 15, 2012 4:12am
- Submitted by:Category: Low Impact Breaking NewsComments: 3 / Views: 1,197