Worldwide "Made in Germany" has long been synonymous with quality, and this year was no exception. As the export industry continues to run at full steam, the euro crisis still has not kept up with the Germans.
The business climate in Europe's largest economy cooled slightly in May, marking its first downturn in the past six months. Economists, however, expected a more severe dip in confidence amid weaker growth.
The conflict in Ukraine and Western sanctions imposed against Moscow for its perceived role in it have led to German exports to Russia dwindling fast. But a long-term view shows trade relations are still intact overall.
What's wrong with Europe's economic locomotive? Just weeks ago Germany's growth prospects looked good. Now somebody has suddenly stood on the brakes. Henrik Böhme thinks a slowdown was to be expected.
Four years ago, the Portuguese economy was bailed out with EU funds. Last year, it officially exited the program. Now it wants to pay off an IMF loan early. But all's still not well. Jochen Faget reports from Lisbon.