Germany At Risk Of Two-Year Stagnation Amid Court Ruling, Debt Charade

Germany is in a tough spot. Data released on Friday confirmed the world's fourth-largest economy remained stuck in the mud last quarter and while an update on the Ifo indexes showed the business outlook turned up for a third consecutive month in November, the gauges remain very subdued. "The German economy is stabilizing, albeit at a low level," Ifo President Clemens Fuest said, editorializing around the prints. Manufacturer skepticism abated "noticeably" this month, "especially in many ene