Eurozone economic engine Germany posted unexpectedly negative trade figures for February, with imports down a sharp 3.8% and exports falling 1.5%. It was the third month out of the past four for falling imports, and the export figure marked the third decline in the past six months. "The German economy is not yet playing the role that it could play in terms of European rebalancing. Domestic demand still seems to suffer from lack of confidence due to certain uncertainties surrounding the euro crisis," commented Berenberg Bank's Christian Schulz.

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