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Europe Risks Getting It Wrong Again On Rate Rises


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I have a nasty suspicion European interest rates are set for German convenience rather than European benefit.

Nice and low to get through all that money spent on trying to sort out their east and then nice and high to prevent German inflation taking a hold.

Europe seems to be supremely irrelevant while the Hun jogs along happily,

http://www.bbc.co.uk/news/business-12249714

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I have a nasty suspicion European interest rates are set for German convenience rather than European benefit.

Nice and low to get through all that money spent on trying to sort out their east and then nice and high to prevent German inflation taking a hold.

Europe seems to be supremely irrelevant while the Hun jogs along happily,

http://www.bbc.co.uk/news/business-12249714

Seems fair, given what Germany/UK/Netherlands put into the EU compared to what we get out in fiscal terms.

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