[Skip to the end] If growth continues to slow down this won’t be nearly enough to cover capital yet to be lost. Also, with more
[Skip to the end] Highlights Italian Unemployment Rate Rises for First Time Since 2003 Euro Central bankers think that’s a good thing for their fight
Interesting they would take a shot like that at the Fed. Probably concerned about Euro strength and the US gaining export share. Bank of France
A bit of structural inflation being introduced: Sarkozy Plans to Index Civil Servants’ Salaries to Inflation by Helene Fouquet and Francois de Beaupuy (Bloomberg) French