German business confidence rises as QE outweighs Greece fears
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Frankfurt
GERMAN business confidence rose for a fourth month as faster economic growth and optimism over European Central Bank (ECB) stimulus outweighed fears of a worsening Greek crisis.
The Ifo institute's business climate index, based on a survey of 7,000 executives, advanced to 106.8 in February from 106.7 in January. The median estimate of 37 economists in a Bloomberg News survey was for an increase to 107.7.
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