Skip to main content
WORLD

Europe's Economy Stagnates

As Germany grinds to a halt.

cheats/2011/08/16/europe-s-economy-stagnates/euro-currency-cheat_eitzky

AP Photo

An economic meeting Tuesday between German Chancellor Angela Merkel and French President Nicolas Sarkozy couldn’t come at a better time: New data show Europe’s economy grew slower than expected during the second quarter, with the German economy—so far, the best-performing in the Western world—grinding to a halt. The German GDP grew by only 0.1 percent between April and June, while the French economy did not grow at all. The average growth for the 17 euro-zone nations was 0.2 percent, behind expectations of 0.3 percent growth. Despite the slowdown, many Europeans are looking to Germany to solve the debt crisis.

Read it at Financial Times

TRENDING NOW