The Eurozone banks are expected to make interest rate cuts this week in an effort to improve a hemorrhaging economy. However, confidence in the European economy continues to drop as all countries experience higher unemployment levels, except for Germany (5.6% and the under 25’s at 7.9%). Recently even German markets have experienced an economic slowdown.
One has to wonder how long the Germans will work to pay for and bail out the rest of the European Union.
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