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Weakness, inflation, and rising debt to GDP levels caused by both weakness and higher interest rates.

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Highlights

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


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