61% of German Banks are Pessimistic

The report is from Spiegel Online linked here, the following is the exact passage: According to the semi-annual "Bank Barometer" survey carried out by Ernst & Young in Germany, which was released on Thursday, only 39 percent of the 120 banks surveyed feel that the situation on the financial markets will improve in the next six months. In December, 65 percent thought it would.

Sixty percent now worry that the European debt crisis and concurrent difficulties that have struck Europe's common currency will endanger Germany's recovery.