Euro strength affects competition.
Real wages may be falling in Europe.
Countries like Greece are still to recover.
May be a few but European banking is under stress. As real incomes fall , NPAs will rise, stress should increase. Consumer spending will fall.
Real wages may be falling in Europe.
Countries like Greece are still to recover.
May be a few but European banking is under stress. As real incomes fall , NPAs will rise, stress should increase. Consumer spending will fall.
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