Someway worse than median forecast of -2.0. EUR/USD lower at 1.4327.

ZEW economist says Greek financing requirements may have contributed to decline in indicator.

  • Unfavourable economic data seems to have negative impact
  • Financial market experts see more and more evidence that boom of German economy may weaken during months to come
  • Greek crisis has an impact on the euro, but not as much on the business cycle in Germany
  • There is a strong commitment to financing Greek debt in Europe