Germany sees no major economic slump

October 15, 2008

The global financial crisis won't lead the German economy into a major, lasting slump says Chancellor Angela Merkel. Merkel told the Bundestag, the lower house of parliament, that Germany was strong but faced a difficult period. But European stock markets fell as concerns over the financial crisis subsided and worries of looming recession took centre stage. Joanna Partridge reports for Reuters