Economic expectations positive

The economic expectations of German financial experts have brightened in February and reached their highest level for a year.

The indicator calculated by the ZEW, the European Economic Research Centre, rose by 4.6 to 53.0 points. Bank economists had even expected a slightly steeper increase.

The European Central Banks’s loose monetary policy and the upward trend in the final quarter 2014 ensured a good mood, the economic researchers explained. They see dampeners in the Ukraine crisis and the course taken by the new government in Athens.

Sharp criticism of the new Greek government under the left-wing prime minister Alexis Tsipras has been expressed by ZEW’s president Clemens Fuest. “Greece is taking a big risk. The country’s exit from the euro-zone would have unforeseeable consequences.”