Safe Mode: On
German economy, Europe’s last hope, begins to slump

German economy, Europe’s last hope, begins to slump. Despite a drumbeat of optimistic forecasts from economists and upbeat statements from various European leaders, the actual news on the economy continues to be grim, with figures released Tuesday showing that Germany, the continent’s flagship economy, contracted by about 0.5% in the final months of last year.


Combined with a flurry of disappointing results in other major economies, the stumble raised questions about Europe’s ability to escape recession.

Portugal’s central bank cut its economic forecast for the year on Tuesday, saying its economy will contract more steeply than expected. France said it was likely to miss its target for narrowing the budget deficit, raising the prospects of deeper spending cuts and additional taxes. Last month, Britain said its austerity budgets would extend three extra years, to 2018, because
-


Added: Jan-17-2013 Occurred On: Jan-17-2013
By: Media File
In:
World News
Tags: German economy, Europe’s last hope, begins to slump. Despite a drumbeat of optimistic forecasts from economists and upbeat statements from various European leaders, the actual news on the economy continues to be grim, with figures released Tuesday showi
Location: Xochimilco, DF, Mexico (load item map)
Views: 1720 | Comments: 38 | Votes: 1 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE
Sort by: Newest first | Oldest first | Highest score first
Liveleak opposes racial slurs - if you do spot comments that fall into this category, please report them for us to review.
  • i can only think of one thing.... BULLSHITTtt.

    Posted Jan-17-2013 By 

    (5) | Report

  • It makes sense that as recession bites demand for German goods will drop. I cant see the Spanish,Greeks.or lots of others wanting luxury goods from Germany. Fuck they already got people eating horses!

    Posted Jan-17-2013 By 

    (2) | Report

    • Comment of user 'Simba1' has been deleted by author (after account deletion)!
    • @Simba1

      Sorry but no. Most came from Europe, from the horribly named PIGS, thus the slump in the German economy. And also, I defend that this economic crunch is global, when we hear that the far east or South American economies are up and running, it is always referred to macro-economic numbers, but the truth is that the people are not significantly improving their economic levels. The gap between the rich and the poor is growing everywhere, starting in Germany and ending in Brazil, Colombia More..

      Posted Jan-17-2013 By 

      (0) | Report

    • @Simba1 Is called the domino effect.The slow down has hit china and America.China is a main exporter to europe,that is why they bought lots of euro bonds.

      Posted Jan-17-2013 By 

      (0) | Report

    • @drivenwell2 Actually, you can get horse meat here at the supermarket as well if you'd like.

      Posted Nov-20-2013 By 

      (0) | Report

    • @Care_HerrBear I know I have been to Germany several times. I was surprised what a nice place it was. The argument about eating horse meat,is horse meat is a lot cheaper than beef. Manufacturing cheap so called beef dishes for the poor,but putting cheap horse meat in instead.

      Posted Nov-21-2013 By 

      (0) | Report

  • It won't be long until Germany drops out of the European Union. It's the only economy making anything in a positive direction, on paper at least. But one country can't support the rest of them. One reason their balance sheets look so good at this time is that they're loaning everyone else the money to continue their operations. But, everyone else has no money to repay them. Their debt exceeds their ability to repay(AND the U.S. isn't any better thanks to idiot politicians). It's not a good scena More..

    Posted Jan-17-2013 By 

    (2) | Report

  • Fuck the EU. Time to call it a day.

    Posted Jan-17-2013 By 

    (2) | Report

  • Comment of user 'PolishWingedHussar' has been deleted by author (after account deletion)!
  • DEBT DEBT DEBT DEBT.....KEEP Running up the tab....DEBT DEBT DEBT.......Make them all in DEBT. That's the only way for the NEW WORLD ORDER to come into place. All nations......drowning in Debt with no way out.

    Oh but wait.......WE HAVE THE SOLUTION.....Here you go Earth ! Now we own your asses. Thanks FED.

    Posted Jan-17-2013 By 

    (0) | Report