Sunday, November 30, 2008

Inflation Down, Unemployment Rises in Eurozone

This is an article that is good news for EU15 households with adjustable mortgages who still have their jobs or businesses (why?).
European economists expect the European Central Bank to cut interest rates again next week by at least half a percentage point. The new rate is expected to be two-and-a-quarter percent. The rates have already been slashed twice in the past two months

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