A month ago Ifo’s Sinn said #German growth could be as low as 1.0 percent this year. Today he forecasts 1.5 percent, citing weak euro, oil
#German exports retreat 0.5 percent, imports tumble 3.1 percent in October
BERLIN (Reuters) – Italy and France expressed irritation on Sunday with a call from Chancellor Angela Merkel for them to do more to bring their budgets into line with EU rules, telling the German leader to focus on her own economic woes instead of lecturing others.
In an interview with German daily Die Welt, Merkel had called on Italy and France to enact additional measures ahead of a March ruling by the European Commission on whether their budgets conform with the bloc’s deficit and debt rules.