Monday, Nov 24, 2008
Germany has clung steadfastly to budget orthodoxy but the downturn has now begun to engulf Europe's
Telegraph: Germany facing worst slump since 1948
Euro-zone industrial orders plunged 3.9pc in September and Germany's IFO index of business expectations has fallen to the lowest level since the survey began half a century ago, heightening fears of a severe slump across Europe next year.
Posted by malct @ 04:01 PM (408 views) Add Comment
9 Comments
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1. malct said...
"I live in the Washington, D.C. area, home of the CIA, FBI, the Pentagon, NSA, foreign embassies, and the international press corps. This area is loaded with spooks and poseurs of every size and shape. Here the question is not "Is Joe Blow an agent?" but "Who does he
work for?" (which agency).
And a number of savvy people in this town have been telling me for years that Ambrose Evans-Pritchard is British military intelligence. The evaluations I heard were made without rancor (some even with benign amusement)"
source:- Carol A. Valentine
2. mark said...
lets hope Aldi goes bust then....
3. planning4acrash said...
Lets hope the euro goes bust then, ending the Euro and Global dream.
4. Germany said...
Good Luck, England :)
Germany is the UK’s second largest global market and its largest European export market. The UK is Germany’s fifth largest supplier after Italy, France, The Netherlands and the US, with a market share of around 6.3%. In 2005, British exports of goods and services to Germany were worth £30.8bn and almost 1,000 British companies have subsidiaries in the country.
5. This comment has been removed as it was found to be in breach of our Blog Policies.
6. This comment has been removed as it was found to be in breach of our Blog Policies.
7. fjcruiser said...
The Euro days are numbered.
8. Pete said...
With over 10 X less Government debt than the UK, its going to be less badly hit surely.
Lets not forget the VAT drop, with a couple of hundred quid off a £20,000 BMW they will be flying out of the car dealerships.
9. Maappel said...
Germany is the UK’s second largest global market and its largest European export market. The UK is Germany’s fifth largest supplier after Italy, France, The Netherlands and the US, with a market share of around 6.3%. In 2005, British exports of goods and services to Germany were worth £30.8bn and almost 1,000 British companies have subsidiaries in the country.