Germany sees no major economic slump

(01:41) Report

Oct 15 - The global financial crisis won't lead the German economy into a major, lasting slump says Chancellor Angela Merkel.

Merkel told the Bundestag, the lower house of parliament, that Germany was strong but faced a difficult period. But European stock markets fell as concerns over the financial crisis subsided and worries of looming recession took centre stage.

Joanna Partridge reports.

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