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German business confidence falls to record low
The European currency euro logo stands in front of the European Central Bank (ECB) in Frankfurt, Germany.
Business confidence has dropped in Germany to its lowest level in more than two years amid pessimism over the eurozone’s deteriorating debt crisis, data show.
According to the German research institute, Ifo, the country’s Business Climate Index fell to 102.3 points in August from 103.2 points...