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EU's Schulz says Volkswagen scandal a 'heavy blow' for German economy

The head of the European Parliament told a group of German regional newspapers that the emissions scandal at Volkswagen (VW) would hit the German economy hard but Europe's biggest carmaker was likely to survive the crisis. Germany's finance and economy ministers have played down the risk of a broader economic danger for Germany from the scandal. "It's a heavy blow for the German economy as a whole," Martin Schulz, a German Social Democrat, was quoted as saying by the newspapers.

Today's Rates*

30 Yr Fxd3.99%4.241%
15 Yr Fxd3.125%3.561%
5 Yr ARM2.99%3.233%
*=This is only an estimate, provided for illustrative purposes only. Actual rates and payments may vary. It does not constitute a quote.

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