German economic slowdown yields more sour news for Europe

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BERLIN — The economy of Germany, Europe's headline performer, slowed to a virtual standstill over the past three months, according to new figures released Tuesday, a further blow to international efforts to contain the financial crisis on the continent.

The discouraging news came just hours before German Chancellor Angela Merkel and French President Nicolas Sarkozy called for closer European coordination in setting economic policy and new steps to impose discipline on governments whose lax budget practices prompted the debt crisis.

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Howard Schneider 17 Aug, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=46570a93525c8014a5ce52f6c1b1eedf
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