Despite the troubles potentially facing the broader eurozone as a
host of countries grapple with debt, Germany has looked internally
to deal with its own problems. Its exchange traded fund (
) is a ways off from last high, but it may soon begin to move in
the right direction if those good numbers continue.
While the PIIGS limp along, German unemployment fell at the
fastest pace in more than two years in April as the number of
people out of work declined a seasonally adjusted 68,000 to 3.29
report Patrick Donahue and Frances Robinson for
. On top of that, German manufacturing growth accelerated in April
and business confidence jumped to a two-year high, according to
recent data. [
Weak Sentiment Dragged German ETF.
The data highlights the split between Germany and its euro-
region neighbors such as Greece, Spain and Portugal who are still
wrestling with budget rates and mounting unemployment rates. [
Can the Germany ETF Stem Its Losses?
Eric Graydon for BBC News reports that
German politicians are grappling for the lead in popularity as the
May 9 elections loom. Should Chancellor Merkel's coalition parties
fail to secure a win, they would lose control of Germany's second
chamber of parliament. The outcome is anyone's guess.
For more stories about Germany, visit our
iShares MSCI Germany Index (NYSEArca:
, down 4.1% year-to-date