Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
Russian energy minister says oil prices may grow in 2017Business & Economy July 24, 17:31
Putin fills in Normandy Four on Russia’s approaches to key Minsk accord provisionsRussian Politics & Diplomacy July 24, 16:57
Normandy Four leaders call for ceasefire in DonbassWorld July 24, 16:29
Archstoyanie: Russia's largest land art festivalSociety & Culture July 24, 16:08
LONDON, August 11. /ITAR-TASS/. Strained relations with Russia over conflict in Ukraine “have hit confidence in Germany”, complicating economic recovery in the eurozone, the UK's Financial Times newspaper said on Monday, quoting economists polled by Reuters news agency.
European Central Bank president Mario Draghi was cited as saying that further breakdown of relations with Russia “would weaken growth in the second half of the year”.
The region’s recovery already looked fragile with Italy, the eurozone’s third-largest economy, back in recession and the French economy remaining weak, the paper said.
“There are also signs momentum in the German economy, which provides more than a quarter of the currency area’s output, has halted,” it said, reporting polled economists as saying that the region’s economic powerhouse failed to grow at all in the second quarter.
Ukraine's crisis triggered a sharp slump in factory orders in June, as well as a decline in business confidence, the paper said.
Joerg Kraemer, chief economist at Commerzbank, was quoted as saying, “It’s not the end of the upswing, but it’s a reminder that there are certain risks from emerging markets.” “Germany is highly export driven. It can’t be immune from what is going on outside,” Kraemer concluded.