Not a day goes by when the German government isn't under heavy fire from outside interests, including Barak Obama who is facing a tough reelection campaign; and the last thing he wants is any crap flying across the Atlantic.
They all want Germany to agree to pick up whatever the tab might be for bailing out the Eurozone, beyond the hundreds of billions of euros it has already agreed to pick up.
Yet May has taken the sheen off what Germans have come to call their “success recipe.” The DAX suffered its worst May since the index was founded in 1987—it was down about 7%—after a series of economic data made a sharp turn for the worse.
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