Posted on 07/23/2010 11:59:32 AM PDT by wolf78
Berlin - Business confidence in Germany, Europe's largest economy, has jumped by the largest amount since reunification 20 years ago, a key survey by the Munich-based ifo Institute said Friday.
On the back of positive export data, consistently falling unemployment and reports that the euro debt crisis may be easing, the ifo business climate index jumped 4.4 points to 106.2 points, the institute said.
The euro rose almost a cent against the dollar on the news, to 1.2966 after the report.
"The German economy is back in party mood," ifo President Hans Werner Sinn said.
[...]
The German economy however currently appears to be recovering robustly from recession, with the Bundesbank forecasting 1.9 per cent Gross domestic product growth in 2010, and exports in May were up 28 per cent year-on-year.
"Real GDP therefore should increase at an extraordinarily strong pace in the second quarter," Germany's central bank, the Bundesbank said earlier this month.
(Excerpt) Read more at earthtimes.org ...
The Germans are smart. They are not idiots brainwashed by TV watching NCCA college ball or the NFL that fawns over Obama. American idiots will sell their soul for a TV clicker. Morons.
Ich bin ein Bullwinner
Go on Germans, no party! Keep working, you need to bail out the tanned Greeks and Italians
yes, they decided to do unemployment percentage calculations exactly like Obama does. They also said to hell with the Turk Guest workers who are unemployed....according the the GPM, “Why, there aren’ really Aryans, are they?” /sarc....
I think Merkel is about as Conservative as a European politician can be. Interesting.
oh, the Lefties are all over this one today. “See, see, see....European Social Democracy really DOES work! They have high rates of unionization, and national health care, and a public option bank, and....blah blah blah blah....
Good. A happy, gainfully-employed pupulation doesn’t vote socialists into power, and that’s what it looked like was going to happen if the economy didn’t turn around.
Party, eh...which one, Nazi?
Italy is a EU net contributor. No money from germans
Germans promote a conservative monetary policy, which is the most important way to have a well-balanced and not too indebted economy. She also passed an amendment requiring a balanced budget since 2016, and favors cutting corporate taxes.
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