The Greek case is sinking the climate of confidence in Germany. Research firm Zew said today that the index of sentiment among financial traders fell more-than-expected to 31,5 points in June, marking the lowest value since November 2014. On average, analysts had expected that the survey stopped at 37,3 points.
The research company claims that the collapse of confidence to a seven-month low is primarily linked to the failure to close the deal between the Brussels Group and Greece, which is ever closer to default.
The Zew index referring to confidence in the current conditions of the German country's economy fell to 62,9 points from 65,7 points (consensus 63 points).
The confidence index relating to expectations on the Euroland economy fell instead to 53,7 points, from 61,2 points in the previous survey.
