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1 post found for June 2010

‘Debt, disunity, default, double dip, deflation and depression?’

I have lost count of the number of newspaper articles over recent weeks predicting the imminent break-up of the Euro, a default by at least Greece, maybe Portugal, Ireland and Spain as well, the collapse of the European banking system and as a result, a “double dip” economic recession from which there may be no obvious way out. Often accompanied by barely concealed glee, we are told that the “melt-down” in the Euro (to levels still slightly above where the currency launched in 1999 against the US…