Germany’s faltering economy has cast further doubt over the euro zone’s prospects for recovery this year, with no other big country strong enough to pick up the slack.
Since late last year, the 18 countries using the euro have been climbing steadily out of a two-year recession. But just as the bloc appeared to be turning the corner, its star economy, Germany, has fumbled the ball.
To make matters worse, other big states, including the euro zone’s second-largest economy France, show little prospect of a strong rebound.
French industrial production plunged unexpectedly in May, and inflation fell to its lowest level since the …read more
Source: Voice of America
