Thursday, March 27, 2008

Europe Shows Resilience in Face of U.S. Downturn

FRANKFURT: Europe is shrugging off the thunderclouds in the United States, with new surveys Wednesday showing rising business confidence in Germany, France, and Belgium. The president of the European Central Bank even dampened hopes for a cut in interest rates soon.

Taken together, these developments seemed to turn an old adage about trans-Atlantic economic relations on its head: When the United States catches a cold, does Europe even sneeze?


At 3/31/2008 8:48 PM, Anonymous Anonymous said...

Wooooaaa now, give it 60 days and I bet we see a whole lot of problems coming out of Europe's banks.... I wouldn't be surprised is Spain's banks are crushed! and the rest of Europe gets pummeled!


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