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9/21/05

EU economy at risk from German stalemate

EUpolitix.com - Press Review

"EU economy at risk from German stalemate

Uncertainty triggered by Sunday’s election deadlock is set to hit Germany's economic growth - already bruised by high oil prices.

German economic think-tank ZEW suggests the political deadlock will negatively influence the investment climate, with most Germans unhappy over the inconclusive election result, FT Europe reports.

FT Deutschland highlights earlier comments made by European industry commissioner Gunter Verheugen, who said that "When Germany as an important EU member is not capable of decision-making, the whole EU stagnates”."

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