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Germany in Recession

Joseph64 Wrote: Jul 25, 2012 5:59 AM
It was only a matter of time before Germany officially went into recession. They bankrupted their weaker neighbors to keep themselves afloat for too long and now they have nobody to sell their goods to because nobody in Europe has any money.
Pistol Wrote: Jul 25, 2012 7:16 AM
They bankrupted their weaker neighbors???? How? I'd love to make a few bucks bankrupting my neighbors, but i can't figure out how to get them to give me money for nothing.
E1776 Wrote: Jul 25, 2012 6:33 AM
Did Germany bankrupt its neighbors, or did they over-spend (mostly on social programs) and over-borrow and this caused the problems?

The vaunted German export machine is sinking into the abyss. The Markit Flash Germany PMI® shows German private sector sees fastest falls in output and new business since June 2009.

Key Points

  • Flash Germany Composite Output Index(1) at 47.3 (48.1 in June), 37-month low. 
  • Flash Germany Services Activity Index(2) at 49.7 (49.9 in June), 10-month low. 
  • Flash Germany Manufacturing PMI(3) at 43.3 (45.0 in June), 37-month low. 
  • Flash Germany Manufacturing Output Index(4) at 42.8 (44.8...
Related Tags: Recession