" It's on the high side, but bearable, " states Holger Schmieding, chief economist of Berenberg, a German private bank.

德国私人银行 Berenberg 的首席经济学家 Holger Schmieding 表示： “ 它偏高， 但可以承受。”

Holger Schmieding, an economist at Berenberg Bank, thinks that a loss of confidence will push the German economy into a mild recession in late 2011 and early 2012.

贝伦贝格银行经济学家Holger Schmieding认为，缺乏自信将导致德国经济于2011年底和2012年初进入缓慢衰退。