A Breach in the Eurozone Dike

While all eyes have been on the European periphery, has the core been cracking? The Bundesbank has lowered its forecast for German annual GDP growth in 2013 to 0.4%. The Central Bank of the Netherlands expects Dutch GDP to shrink by -0.5% this year – and to contract further in 2014. The eurozone…

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A Breach in the Eurozone Dike

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