Reuters: US Dollar Report: German trade ass'n head sees recession worsening in southern EU

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German trade ass'n head sees recession worsening in southern EU Apr 29th 2013, 09:07 BERLIN, April 29 | Mon Apr 29, 2013 5:07am EDT BERLIN, April 29 (Reuters) - The head of Germany's BGA trade association said on Monday he expected a continued deterioration of economic conditions in the euro zone's heavily indebted southern periphery for the time being. "I fear a further worsening of the recession in southern Europe in the short term," BGA president Anton Boerner told a news conference. Boerner also said he saw no short-term danger of a global race to depreciate currencies due to Japan's new policy of aggressive monetary expansion that has driven down the value of the yen.

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