Germany regaining its mantle as Europe's driving force
AFP, April, 2006
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BERLIN (AFP) — Germany has finally turned the corner and appears to be on the way to regaining its role as the motor of the European economy, analysts say.
Clear signs have emerged in recent days that the biggest economy in the European Union is emerging from several sluggish years.
Business confidence hit a 15-year high and unemployment dipped below the five-million mark.
Now, observers say, if the economic progress is to continue, Chancellor Angela Merkel has to grasp the nettle of the reforms she promised after coming to power at the head of a power-sharing government in November.
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The most spectacular indication of a sustained upswing came from the Ifo business climate index, which surged to 105.4 points in March -- the highest since April 1991, the year after German unification, and up from 103.4 points in February.
The positive domestic picture was underpinned by ...
