Bundesbank keeps German growth forecast at 3%; Warns Eurozone burdens borne by financially strong states
Aug 22nd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bundesbank, Germany's central bank, today confirmed its 2011 economic growth forecast of about 3% but acknowledged several risks to the economic outlook. The central bank also warned that Eurozone risks and burdens borne are being increasingly borne by financially strong states, in the absence of a fiscal union.