Other advanced economies need to take note - Germany continues to deliver. The number of unemployed in Germany fell by another 3,000 in October, with the number of unemployed is now at 2.945 million, its lowest level in 18 years. Consumer confidence remains high, as well as the mood in business circles. Meanwhile, retail sales in September fell 2.3% m / m, which was the largest drop since March 2008. The data can be volatile in large part, but will be closely monitored in the coming months, as the main criticism of the German model - is that it does not do enough to stimulate domestic demand.
Merkel's attempts to change the union of the EU hit in the shoulder. German Chancellor Merkel has tried to persuade European colleagues of the merits of voting rights of those EU countries that have a high fiscal deficit, but did not reach a definite success. EU President Barroso has described its assumptions as unacceptable and unrealistic, and Luxembourg Prime Minister Juncker said that he rejects the "simple answers to complicated questions." Another part of crisis-resolution Merkel included maturities for countries with high debt, suspending interest payments on time, and the imposition of the refusal of creditors' claims.
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