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Read the original post: S&P Predicts 20% Drop in Spain’s Housing Prices Over Next 4 Years; Bad Bank to Dump…
Echoing the opinion of Steen, please consider Investors may be fooling themselves about an ECB rate cut High hopes ride on the European Central Bank, which is set to make its latest monetary policy announcement on Thursday.
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Guru’s blog in Spanish highlights the dramatic retail spending situation in Spain. Here is a Mish-modified translation. Last month I discussed the retail drama in Spain
The Financial Times reports Greens and SPD close ranks in battle against Angela Merkel . Germany’s main centre-left opposition parties closed ranks over the weekend in their uphill battle against Angela Merkel, with the Greens signalling a decisive shift to the left. During a three-day party congress in Berlin five months before national elections, the Greens positioned themselves to the left of the Social Democrats (SPD) with calls for higher income tax and a property levy on the rich
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The El Pais Screwdriver Blog openly asks ” Are we to Liberate the Euro? ” Here is a Mish-modified translation: Today Spain has reached a record number of unemployed.
Today’s spotlight is on China where Restaurant Owners Praise Robot Noodle Makers for Doing “A Good Job!†Noodle peelers should probably start looking for other things to do around the kitchen – there’s just no competing with these robots. Runguan’s robots peel noodle strips from a firm piece of dough and tosses them directly into boiling water “before diners’ eyes can follow the whole process.†While a cook doing the same job would make about 40,000 yuan ($6,400) per year, the robot cost just 10,000 yuan ($1,600)
View article: Utopian Union Fantasy: What If Every California Worker Made What City of Irvine Workers Make?
Summary : The Markit Eurozone PMI® Composite Output Index was unchanged on March’s reading of 46.5 in April, according to the flash estimate.