Posted on 07/28/2015 12:50:40 AM PDT by Berlin_Freeper
Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy.
The Munich-based Ifo institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 108.0 from a revised 107.5 in June. That beat the Reuters consensus for a drop to 107.2 and sent the euro up to a two-week high against the dollar.
(Excerpt) Read more at reuters.com ...
dead cat bounce?
they are all so screwed ... how the financial news media tries to cover this up is beyond imagination ...
Great. They've got their new loan to help pay off their prior loans. It is amazing how so many can do a fiscal Sgt. Shultz.
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