German consumer sentiment set to decline on Greek worries

Source: Marketwatch
© Scanpix/AFP
The July GfK forward-looking consumer sentiment index is to decline 0.1 points to 10.1 points from the 10.2 point expectation from surveyed economists, as the Greek debt crisis weighs on the German economy. GfK stated that currently Greece's default on its debt and exit from the Eurozone seems a genuine scenario, as talks continue between Greece and its debtors and the deadline to reach an agreement is fast approaching.
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