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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (527)5/18/2009 1:21:28 AM
From: tejek  Respond to of 1428
 
Europe in deepest recession since War as Germany suffers

German economic policy is "bankrupt", economists have said.


By Edmund Conway and Angela Monaghan
Last Updated: 7:34PM BST 15 May 2009

The declaration was made as it emerged that Europe's biggest economy has now suffered a worse "lost decade" than Japan and is deeper in recession than any other major economy.

On a day of dismal news for the European economy, official figures also showed that Italy, Austria, Spain and the Netherlands are facing their biggest combined slump in post-war history, sparking warnings about the potential for social unrest throughout Europe.

read more.........

telegraph.co.uk