German firms concerned about dampening growth prospects in Italy, Spain

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Xinhua, Berlin :
German companies are increasingly concerned about a dampening of growth prospects in Italy and Spain, a study by the Association of the German Chambers of Industry and Commerce (DIHK) found on Tuesday.
According to the study, recent political developments in Italy and Spain were seen as posing a potential threat to the ongoing economic recoveries of the two Eurozone countries.
The findings were based on a survey among German companies operating in Southern Europe, which was conducted by the DIHK’s foreign branches in Italy, Spain, Greece and France.
In Italy, the controversial fiscal plans of the new coalition government formed by the Lega Nord and Five Star Movement parties was cited as creating significant unease on behalf of German companies.

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