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Gloomsday Germany and Europe Expect a Tough 2012

The year 2011 was a bad one for Europe. But 2012, Angela Merkel believes, could even be worse -- for her country at least. Both the German chancellor and Finance Minister Wolfgang Schäuble believe the euro crisis will finally make itself felt in Germany. The outlook isn't any rosier elsewhere on the Continent.
Despite a precarious situation in Europe with the debt crisis, the unemployment rate continued to fall in Germany in 2011.

Despite a precarious situation in Europe with the debt crisis, the unemployment rate continued to fall in Germany in 2011.

DPA
cgh -- with wire reports