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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST

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To: elmatador who wrote (33854)4/25/2008 11:18:33 AM
From: Haim R. Branisteanu  Read Replies (1) of 218880
 
Euro dives as wheels fly off eurozone economy
By Ambrose Evans-Pritchard Last Updated: 12:01am BST 25/04/2008

The euro has suffered its sharpest drop in four years as a blizzard of weak data from Germany, Belgium, France, and Spain spark fears that economic contagion may be spreading from the Anglo-Saxon world to Europe.

Spain's business federation warned that Spanish unemployment will rise by 500,000 by the summer unless the government takes "valiant measures" to offset the housing and construction crash. "For every dwelling not built, two workers will lose their jobs," said the group's president, Gerardo Diaz Ferran.


telegraph.co.uk
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