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Tough Choices For the Euro Bosses.(economic outlook)(Brief Article)
Again, last week's European economic news looked grim. A new survey from the IFO Institute for Economic Research reported that Germany's economic growth rate fell to 0.2 percent in the second quarter and registered its sharpest monthly fall in 28 years. Europe's economic growth also fell, to 0.3 percent. And then, on Thursday, European Central Bank Director Wim Duisenberg, who has barely cut interest rates this year despite an onslaught of criticism, again chose not to slash them down.
European governments are now faced with a challenge. Option 1: they could ignore the current 2 percent ...
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Source: HighBeam Research, Tough Choices For the Euro Bosses.(economic outlook)(Brief Article)