Germany’s central bank warned on Monday that the country could be stressed by the region’s ongoing financial crisis, with signs of a slowdown accumulating in the euro zone’s largest economy even as it is being relied on ever more to prop up its neighbors.
“Confidence in German public finances is a key anchor of stability in the current crisis but it cannot be taken for granted,” the Bundesbank said in a monthly report that cautioned against what it called the potentially “unlimited” financial support being considered for troubled Italy and Spain.
Source: Washington Post. Read full article. (link)