BoA's Schmieding Says Oil Prices Hurting German Economy

Holger Schmieding, chief European economist at Bank of America, talks about the Ifo survey of German business confidence, which fell to the lowest in more than two years in June as record oil prices and the prospect of higher interest rates dimmed the outlook for growth in Europe's largest economy. He talks with Bloomberg's Rishaad Salamat from London. (Source: Bloomberg)

Bloomberg | June 23, 2008

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