Confidence is gaining ground in Europe , Down in the US
March 27, 2008
According to NYTIMES , confidence in Germany and Europe in General seems to be on the up , whereas Financial Markets in the US are on a downward spiral.
From the Article :
“We were surprised because there has been all this talk about the financial crisis and how it would affect Germany,” said Klaus Abberger, a senior economist at the Ifo Institute in Munich. “We had a surge in the euro, and yet the firms assessed their export situation as being very good.”
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