[SeekAndFind]

MORE HERE :

http://www.marketwatch.com/story/german-ifo-gauge-soars-ignores-irish-debt-woes-2010-11-24

German Ifo gauge soars, ignores Irish debt woes

Business sentiment indicates German recovery picking up steam

Renewed sovereign-debt problems in Ireland had little impact on business sentiment in Germany, with the Ifo Institute’s closely-watched business-climate index soaring to the highest levels since the nation was reunified.

The Munich-based Ifo Institute on Wednesday said its November business-climate index rose to 109.3 from a revised 107.7 in October.

The October index was revised from an initial reading of 107.6. Economists had forecast a 107.6 reading for November.

“The upswing in the German economy is gaining more and more strength,” said Ifo Institute President Hans-Werner Sinn.

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[Right_Wing_Madman]

Another reason for Germany's resurgence that the Washington Post would rather not mention: when she took office, Merkel and her party slashed the corporate tax from 50% to 25%. As a result, German exports have boomed and unemployment dropped four points. Funny how that works.