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Germany’s DIHK Praises Reforms in Crisis Nations, FTD Reports

Germany’s DIHK chambers of industry and trade praises reform progress in the peripheral euro-area countries, Financial Times Deutschland reports, citing a study commissioned by the newspaper with the trade group.

Unit labor costs in Ireland, Greece and Spain declined and trade balance deficits are shrinking almost everywhere, the newspaper said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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