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Wannabe

Europe

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Poor Germany, first they have to support the rest of europe, then the former east. But is East Germany any more of a economic basket case than Scotland or Northern Ireland? At least in East Germany you seem to be able to pick up big detached houses for £5 grand or so, not sure you can do that in Northern Ireland (yet)

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Spain - 10.4% unemployment and at the height of the holiday season!!!

It was over 20% in the mid to late nineties. Just getting back to normal their normal state.

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...led by France, Spain, Italy.

That should upset the Germans.

what chance of interest rate rises now?

Unfortunately the ECB is immune to growth risks and Trichet keeps repeating the mantra that they only have a single mandate, i.e. to maintain price stability. I remember a speech by Axel Weber (German member of ECB) late last year when he stated the ECB may have to increase interest rates even against a sharp economic downturn. The hawks are in a majority on the ECB Governing Council and it is notable that in the past 2 weeks, since the last ECB meeting, Governing members have failed to use the opportunity to express concerns about economic growth to the media and to try and downplay market assertions that another rate hike is imminent. Expect politicians to up the ante over the next 2 weeks.

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I wish it would hurry up so I don't have to go to the US on holiday - can't face a long-haul flight now and you get more boobs to the square mile on a European beach compared to a US one. Sooner the loom, loom, loom happens the quicker the Euro will sink

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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