DW: Euro Falls as Economic Outlook Darkens in Europe
Euro Falls as Economic Outlook Darkens in Europe
While figures to be published in Germany next Thursday are forecast to show Europe's biggest economy contracting by 0.8 percent in the second quarter, the European Commission statistics office is expected to say that growth in the 15-member euro zone slumped by 0.2 percent in the third months. Speaking following a meeting Thursday of the ECB, the Frankfurt-based bank chief, Jean-Claude Trichet told a press conference that the risks facing the euro zone economy were starting to materialize. "The uncertainty surrounding (the) outlook for economic activity remains high," Trichet said with the global economy hit by high energy costs, on-going financial market tensions and weakening economic growth.
Note EU-Digest: Experts say a lower euro will cut US exports and improve European sales<
