Weakness, inflation, and rising debt to GDP levels caused by both weakness and higher interest rates.
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|Europe’s Manufacturing, Services Industries Shrink|
|German business confidence falls in June, Ifo survey says|
|Ifo’s Nerb Says Business Climate Burdened by High Energy Prices|
|ECB Has to Be `Tough’ on Rates Beyond July, Liebscher Tells MNI|
|ECB should look seriously at rate level: Stark|
|EU Summits Reveal Economic-Strategy Rifts|
|Threat of rate rise rattles EU businesses|
|France’s 2008 Budget Deficit May Near 3% of GDP, Tribune Says|
|European Government Bonds Advance as German Confidence Fades|