Article

2005-05-09 Europe

More signs the Euro and world economy is sliding into recession

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Posted by phil_b 2005-05-09 07:19|| || Front Page|| [1 views since 2007-05-07] Top

#1 Outside of the fact that the UK is not a member of the EMU and still retains the pound sterling any decrease in their economic fire power should be a bow shot to the others in Europe especially France and Germany who are still in a decade long denial.

Posted by Jack is Back!">Jack is Back! 2005-05-09 09:45|| 2005-05-09 09:45|| Front Page Top

#2 imo, the slump in the UK is unfortunate but not really decisive. Right now, much of the world economy is keeping close tabs on what is happening in China. The cost of oil much be taking putting a big hit on their economy but we don't know how much of a hit. If the Chinese economy weakens, it is much, much more serious psychologically than a slump in the UK economy even though the GNP of the UK is bigger than the GNP of the PRC.

Posted by mhw 2005-05-09 11:07|| 2005-05-09 11:07|| Front Page Top

#3 There is going to be major worldwide trauma starting the day that China floats the Yuan. The word has gone out among governments and financial players that everybody should be doubly ready to slam on the brakes--big time. It should prove to be very entertaining.

Posted by Anonymoose 2005-05-09 11:48|| 2005-05-09 11:48|| Front Page Top

#4 The Chinese won't float the yuan. No way. Not anytime soon.

Posted by gromky 2005-05-09 13:54|| 2005-05-09 13:54|| Front Page Top

#5 'Euro' was short for European. For the last decade the UK has been the most robust economy in western Europe and an abrupt slowdown is a surprise. Japan is in recession. Germany is almost there and France and Italy are looking none to heathy. Otherwise, I agree with the Moose. China will revalue the yuan to curtail domestic inflation and all hell will break loose.

Posted by phil_b 2005-05-09 15:20|| 2005-05-09 15:20|| Front Page Top

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