Germany in recession as US scraps toxic asset buy-up (AFP)

Filed Under (Personal Finance) by on 13-11-2008

Brokers at the stock exchange in the central German city of Frankfurt/M. on November 10. Europe's biggest economy Germany has fallen into recession, the latest victim to the global financial crisis, official Destatis figures showed on Thursday.(DDP/AFP/Thomas Lohnes)AFP - Germany, Europe's biggest economy, entered recession Thursday amid more heavy falls on stock markets after the US scrapped plans to buy up toxic mortgage assets at the heart of the financial crisis.

--- AFP ...

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