Evonik Industries AG completed syndication of a 1.75 billion-euro ($2.3 billion) loan as German companies replace credit lines with ones with lower interest rates.
The euro area’s economy emerged from a record-long recession in the second quarter, led by Germany and France, amid the first sustained period of financial-market calm since the start of the debt crisis.
German exports increased in November as demand from emerging markets helped Europe’s largest economy weather the region’s sovereign debt crisis.
Europe’s manufacturing industries expanded at a faster pace in October than initially estimated as export demand strengthened.
The euro area’s budget deficit widened to more than double the European Union’s 3 percent limit in 2009, led by Greece and Ireland.
"German companies are cash rich, richer than their French counterparts. They have made a lot of money and only invested it moderately."
- Sylvain Broyer on Aug 23, 2013