In fact the silence out of Berlin seems a bit strange.
After the S&P moves on France and Austria last week the WSJ headline was:
The closest to the Germany we've all come to know and love was (on a slightly different topic)
"...Economy Minister Philipp Roesler insisted: "There can be no talk of recession."..."Roger that, no talk of recession, over.
Public Service Europe had a good summary of the E-J release.