Wednesday, May 16, 2012

Europe faces Japan syndrome as credit demand implodes


The Telegraph by Ambrose Evans-Pritchard
View Original Article HERE

Europe (minus Germany) looks more like post-bubble Japan each month.
The long-feared credit crunch has mutated instead into a collapse in DEMAND for loans. Households and firms are comatose, or scared stiff, in a string of countries.  MORE....................

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