Published by Jamie JemmesonThe euro came under further pressure this morning (February 12th) after an official report showed flat economic activity in Germany during the final quarter of 2009.Gross domestic product stalled during the period, following a 0.7 per cent climb during the third quarter. The unexpected stagnation sent the euro tumbling in foreign exchange trading this morning.The country has the largest economy in Europe and has been instrumental in driving recovery in the region, with strong growth figures propping up confidence in exports and the single currency.However, the stability of the EU economy as a whole has come under close scrutiny as the Greek sovereign debt crisis has deepened.Germany's chancellor Angela Merkel has been markedly opposed to developing a rescue package at this stage.Speaking anonymously to the Guardian, a senior EU diplomat confided: "Germany is stepping totally on the brakes on financial assistance - on legal grounds, on constitutional grounds and on principle."For more information on foreign exchange treasury services and risk management, visit our Corporate FX site