Tuesday, April 30, 2013

Germany’s Mittelstand Turns Eurosceptic

A new survey of small and medium-sized companies in Germany, the Mittelstand that make up the backbone of the German economy, finds that they are losing interest in the euro zone. Instead, they are placing their bets on countries even further afield, especially fast-growing emerging economies.

The surveyed companies seem determined to place their bets on global trade as the way out of the crisis -- and this despite the fact that a growing number of companies are expecting more trade barriers, currency risks and problems with protecting intellectual property rights abroad.

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