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Bundesbank sees some German growth in Q1, then picking up pace
The German economy should grow in the first quarter and pick up pace later this year but increased optimism on financial markets should not conceal the need for reforms elsewhere in the euro zone, the Bundesbank said on Monday. In its February monthly report, the German national central bank noted that the "euro appreciated sharply" over the last month "particularly so against the yen". The Group of 20 nations declared on Saturday there would be no currency war and Japan's expansive policies, which have driven down the yen, escaped direct criticism in a statement thrashed out in Moscow by G20 policymakers. ... (full story)
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