Amid rising inflation, debt woes, Middle East crisis, and general unstable outlook confidence in the euro area was affected according to Zew Survey today.

The economic sentiment in Germany and the aggregate euro area dropped strongly amid rising downside pressures. In Germany the index dropped to 7.6 from 14.1 and below the expected 11.3 and in the euro area the index slumped to 19.7 from 31.0.

Still, to the upside of it, was the rise in the current situation in Germany where the index rose to 87.1 from 85.4 and beat the expected 85.2.