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Europe risks botching its big plans to rescue the economy

From cnn.com

Europe's ability to recover from the worst economic shock it has seen since the Great Depression is being jeopardized by the reopening of old political and legal wounds that could threaten trillions of euros in stimulus money. The European Union economy will shrink by a record 7.5% this year, the European Commission warned Wednesday, and the drop could be even more precipitous across the 19 countries that use the euro. It's a much steeper decline than the region suffered following the 2008 global financial crisis, and a more pessimistic outlook than forecast by the International Monetary Fund just three weeks ago. ... (full story)

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  • Category: Fundamental Analysis