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German Investor Confidence Tumbles Amid Crisis

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German investor confidence down sharply in June amid worries about eurozone crisis, austerity
Geir Moulson, Associated Press Writer, On Tuesday June 15, 2010, 8:18 am EDT
BERLIN (AP) -- German investor confidence has fallen sharply this month on worries about the persistent eurozone debt crisis and the impact of spending cuts by European governments, a survey showed Tuesday.
The ZEW institute's index, which measures investors' expectations for the next six months, sank to 28.7 points in June from 45.8 in May -- its lowest level in more than a year.
That was worse than the slight drop to 42 that economists had expected in the often volatile index, but still above its historical average of 27.4 points.
ZEW said in a statement that the economic outlook remains positive, but sentiment is being weakened by "uncertainty about the future developments of the debt crisis and the perspective of necessary cuts in public expenditure in EU member countries."

I can relate to this but I cannot relate to the euphoria going on in this country and Spain where there seems to be no cognizance of the dire state we are really in. House prices are said to be inflating, shoppers are spending more and EAs are feeling bouyant. :blink:

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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