Mon, 25 Jun 2012 13:59:20 GMT
German economic sentiment deteriorates
German business confidence fell by more than expected in June, reinforcing fears that the euro zone's largest economy is slowing. Ifo business climate index, which is based on a survey of 7,000 businesses, slid to 105.3 points from 106.9 points in May. "The German economy is slowing despite extremely accommodative interest rates and recent wage growth," said Annamaria Grimaldi, an economist at Intesa Sanpaolo SpA in