Bundesbank exec board member Joachim Nagel via MNI

  • only a dramatic slowdown would hit German recovery

And I reckon he has his fingers crossed behind his back given everything else that Germany is currently contending with

  • Chinese trade and services continue to grow well
  • China working to improve quality of statistics

I guess that last comment is politico-speak for "telling the truth"

"We would expect a dampening effect on the recovering economy in Germany only if
there was a dramatic collapse of the China economy," Nagel said according to a
prepared speech text at an industry event on China. "At the current juncture, we do not expect that this will happen."

Keep hoping Joachim