Friday, Jan 09, 2009
Was wondering when Europe would catch up?
Telegraph: Europe's economy contracts at rates not seen since 1930s
German exports and industrial orders have both plunged at the steepest rate since modern records began and Spain's unemployment has surged above three million, capping one of the most disastrous days for Europe's economy since the Second World War.
Posted by flintster1994 @ 03:29 PM (235 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Stevo said...
I think what caused all this mess was cheap money to buy expensive things, like property? for as long as I can remember the reserve banks ect have allways put up interest rates when there is high inflation, but property prices are excluded in the calculation why?There should be 3 interest rates 1 for mortgages, then a buisness rate,then a consumer credit rate, world wide, then housing markets and runaway credit spending can be controlled without hurtng buisness and the economy