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Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
At the heart of the gloom, of course, is the eurozone, with 90pc of those surveyed judging that the economy of the single currency area is getting worse. One wonders what planet the other 10pc are on. The eurozone is clearly sliding. The European Commission's economic sentiment indicator fell to 95 in September, from 98.4 the month before, plunging at a rate not seen since the Lehman Brothers collapse. German retail sales dropped faster in August than at any time since May 2007. The eurozone – an economy second in size only to the US – is on the brink of a double-dip recession. This grim prognosis, though, is set ... (full story)
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“Do not sell morning weakness in the strong uptrend” – old Sumer prov