Germany contracts 6pc as bank 'deposits' fall

Germany contracts 6pc as eurozone bank deposits fall at fastest rate since Depression

Germany has slashed its growth forecast, admitting in an embarrassing volte-face that the economy will contract by 6pc this year in the worst recession of any major country in the Western world.

By Ambrose Evans-Pritchard
Independent, 30 Apr 2009 (more)

Exports of German goods, including cars, have collapsed
(because people don't have their fair share of money to
buy the goods that they produce... Ha ha ha! Morons.)