According to the president of the Ifo, Hans Werner Sinn, companies are satisfied with the current situation and are slightly less pessimistic for the coming months: "The German economy is holding up in the face of the euro crisis".
Unexpected improvement in German business confidence. The index elaborated by the Ifo study center increased to 101,4 points, from 100,4 recorded in October, while analysts expected a slight decrease on average.
According to the president of the Ifo, Hans Werner Sinn, companies are satisfied with the current situation and are slightly less pessimistic for the months to come: "The German economy is holding up in the face of the euro crisis".
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