Euro Crisis Grips Germany OECD Predicts Recession for Largest EU Economy

Europe's leading economies appear to be heading back into recession, the OECD has warned. The organization anticipates a contraction of the German economy and possible recession by the end of the year. Euro-zone countries must act quickly to prevent a worsening downward spiral, it said.
A construction site in Frankfurt: The effects of the euro crisis are now spilling over into Germany.

A construction site in Frankfurt: The effects of the euro crisis are now spilling over into Germany.

Foto: dapd
dsl -- with wires