Germany regaining its mantle as Europe's driving force
Germany has finally turned the corner and appears to be on the way to regaining its role as the motor of the European economy, analysts say. Clear signs have emerged in recent days that the biggest economy in the European Union is emerging from several sluggish years. Business confidence hit a 15-year high and unemployment dipped below the five-million mark. The most spectacular indication of a sustained upswing came from the Ifo business climate index, which surged business climate index, which surged to 105.4 points in March -- the highest since April 1991, the year after German unification, and up from 103.4 points in February. The positive domestic picture was underpinned by data from Europe as a whole.
The number of jobless fell to 4.976 million this month from 5.048 million in February, the equivalent of dropping to 12.0 percent from 12.2 percent.
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