German Economy Disappoints, Threatening Pace of European Growth

Bloomberg ^ | 03/23/04 | Bloomberg

[Pikamax]

German Economy Disappoints, Threatening Pace of European Growth March 23 (Bloomberg) -- Germany's economy is disappointing economists, investors and executives for a fourth year, crimping growth across the 12 nations sharing the euro.

In January, business confidence surged to a three-year high as demand from abroad pulled Europe's largest economy out of recession. Two months later, stagnant consumer spending prompted economists including Morgan Stanley's Elga Bartsch, Gustav Horn of the Berlin-based DIW institute and Silvia Pepino of J.P. Morgan to lower their growth forecasts.

[Starve The Beast]

Well, shucks, look on the bright side... at least they have socialized medicine.

[GeronL]

LOL. I guess the socialists will never learn. I bet they really hate Ireland.

[Fenris6]

LOL. They think its bad now? Wait till we tell the Euro-Weasels to start paying for their own force protection.

Although its kinda pathetic that, even without a significant investment in national defense, socialism is *still* failing.

[BfloGuy]

After the Berlin Wall fell, Germany should've cut taxes drastically and printed Deutschmarks liberally. And don't even ask me about joining the Euro.

Almost 15 years later, we'd now be witnessing the second German miracle.