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Discussion between Angela Merkel, on the right, and José Manuel Barroso during the Western Balkans Summit (EC Audiovisual Services, 28/08/2014) Discussion between Angela Merkel, on the right, and José Manuel Barroso during the Western Balkans Summit (EC Audiovisual Services, 28/08/2014)

The second quarter was very disappointing in terms of GDP figures for Germany. The biggest European economy is facing tough times at the moment Russia imposes economic sanctions against the EU. It is now more than necessary for Germany to find a way to climb up to growth but its fiscal policy comes as an obstacle to this.

Germany shows signs of economic turmoil

Germany’s GDP growth rate for the second quarter showed a surprising decline of 0.2 per cent.  This was not due to consumer consumption but because export sales and investments failed to boost the economy. More specifically, exports increased by 0.9 per cent compared to the 1.6 per cent rise of imports. Thus, the negative effect of trade balance realized by the difference between exports and imports was a…

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