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Strategies & Market Trends : Technical analysis for shorts & longs

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Feb 6 4:00 PM EST

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To: Johnny Canuck who wrote (48202)	7/3/2012 12:44:31 PM
From: Johnny Canuck	Read Replies (1) of 70587

IMF: German economy 'remarkable;' banks vulnerable by William L. Watts FRANKFURT (MarketWatch) -- The International Monetary Fund on Tuesday praised Germany's economic performance as "remarkable" in the face of "considerable headwinds," while urging authorities to take steps to spur domestic demand growth and warning that the nation's banks remain vulnerable to an intensification of the euro-zone debt crisis. In an annual review of the German economy, the IMF said "a few" of its executive directors called for additional fiscal stimulus to aid the regional and global economic recovery but that most viewed Germany's current fiscal stance as appropriate. Directors noted, however, that the banking sector "remains vulnerable to external shocks because of high leverage, dependence on wholesale finance, and low capital quality and profitability." They called for bigger efforts to restructure the Landesbanken sector and strengthen the country's crisis management framework, the IMF said.

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