Trade war breaks out as Merkel admits euro 'is in a difficult situation'

A Greek consumer group has called for a boycott of German goods as a festering row between the two countries over the euro grows.

Greece's Consumer Institute demanded Germany admit 'we are no crooks' after a German magazine blasted the country as 'cheats'.

The new trade war came as Angela Merkel admitted the euro is in 'a difficult situation' for the first time.

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