German business morale improves as Greek situation eases


BERLIN: Business confidence in Germany improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy.

The Munich-based Ifo Institute's business climate index, based on a monthly survey of some 7,000 firms, rose to 108 from a revised 107.5 in June.

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