The great difficulties of German industry are having negative impacts on euro-zone financial markets and the euro's exchange rate
We understand the difficulties facing German industry : Germany is highly exposed to industries facing structural problems: capital goods, automotive, chemicals. This has given rise to a very negative perception of the European economy’s situation, which is having a significant impact on short-term and long-term capital flows to the euro zone, prices of euro-zone financial assets and the euro's exchange rate.