The annual bill to German taxpayers of the additional borrowing costs could eventually reach 1.9% of German GDP, according to Kai Carstensen of the Ifo Institute for Economic Research in Munich.
ECONOMIST: Eurobonds could restore confidence, but at a cost
The Ifo Institute said its sentiment index of the German business climate fell to 100 in October from 101.4 in September.
FORBES: Comex Gold In Narrow Range While Awaiting FOMC Outcome
German business sentiment rose to a seven-month high in January, the Ifo institute said on Friday.
WSJ: Europe's Banks Repay Aid Early
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