No doubt Germany is among the most dominating of all the nations in the European Union, as that's what the European Central Bank Governing Council Member Ewald Nowotny wants to affirm.

Giving a special space to Germany in the European Central Bank is being pondered over to an extent that there could be some changes in the decision making procedures.

Though it's being largely believed that to move ahead in the European Union, Germany has become a vital clog in the entire nexus, in the country, however, the sentiments are a lot different.

According to IFO President Sinn, Germany is at much better condition that the US on the grounds of slump. He revealed that the economy of Germany remained strong against the depression occurring in the global economy.

The IFO survey for business climate index for Germany fell 107.5, against 108.7 recorded earlier. The analysts believe that the fall was better than that predicted by the market, 106.5.

US's decision on execution of Troy Davis, an Afro-American who had been convicted of killing an off-duty policeman in 1989 i. e. almost two decades ago, has been recently interrupted by Germany.

Germany has called US to stop execution of Troy Davis despite seeing that his case stands weak with so many holes in the case against him. Mark MacPhail was a father-of-two. He was working as a night security guard in Savannah, Georgia, when suddenly a brawl occurred and Davis shot him in his heart and head at point-blank range.

Germany has recently banned its largest neo-Nazi group HNG supporting national organization for political prisoners and their relatives and surely, Holocaust survivors have welcomed this new decision of the government.

"Holocaust survivors welcome the ban ... as a sign of modern Germany's political maturity and its clear determination to confront extremists in any guise", said Elan Steinberg, Vice President of American Gathering of Holocaust Survivors and their Descendants.

One more name has been added in the list of countries which have banned its countrymen from playing online game called poker. After US, it is Germany which has banned the game in fear to lose all their money which could in later stage could be a government crackdown.

Financial crisis has proved quite taxing for European employees, as now they do not get pension benefit and they are also exempted from availing many privileges which they earlier boasted of.

But, there is one country which has proved its metal and has stood out by taking preventive measures to avoid recession. Now it is on other countries to make cuts and keep their economy debt proof as Germany is flowing in profits, which would not have been possible without the efforts of it countrymen as they did not say anything when government levied tax on them.

In a recent report by the Federal Statistical Office, Germany’s exports growth has been shared in public domain. The report claimed that Germany encountered a growth of 14.7% in the first six months of 2011 and the major contributing factor was export to the non-European countries.

Against the value of euro458.3 billion in the first six months of 2010, this year figure notched up to euro525.6 billion ($721.60 billion), thereby reinforcing the fact that Germany is the world's second largest exporter.

German and French support to Greece has proved lucrative for Japan as its Nikkei index witnessed an upward jump. It has been informed that the Nikkei index was 1.8% up at 8,668.86. It is said to be its biggest jump since last week.

It is believed that positive waves coming from the debt ridden country, Greece has caused this sudden jump. There are rumors of China coming forward to support debt ridden countries like Greece.