Tuesday, August 16, 2011

Germany's GDP Slows and Misses Forecasts, Battle To Weaken The Currency Continues

All eyes today are on the meetig between Merkel and Sarkozy, how much more of worthless bonds will they buy, and so on.

In the meantime, in real news, Germany's gross domestic product expanded just 0.1% for the period April-June, from the previous quarter.

The forecasts was for 0.5%.

Germany grew at a slower pace than than really weakeend countries like Spain (+0.2 percent).

The Euro can't stay at these lofty levels for much longer. The battle for weakening of the currencies continues.

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