Euro Crisis Grips Germany: OECD Predicts Recession for Largest EU Economy

[sysop]

Europe's leading economies appear to be heading back into recession, the OECD has warned. The organization anticipates a contraction of the German economy and possible recession by the end of the year. Euro-zone countries must act quickly to prevent a worsening downward spiral, it said.

http://www.spiegel.de/international/...854384,00.html