Deteriorating consumer sentiment in Europe's largest economy

According to the survey of GfK; The euro zone's financial crisis and the weakening euro start to impact on the consumer mood in Europe's largest economy, Germany.

Thus, the consumer sentiment index of June, decreased to 3.5 points from the revised 3.7 points of May. The Germans fear that their savings will lose their value if the euro falls, or inflation begins to accelerate – reports AFP.
According to Carsten Brezski, ING's chief economist; in the year's first quarter, the German household saving rate has increased to the highest level since 1993 – reports Világgazdaság Online, after AFP.