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European Central Banks Cut Rates to Record Lows

Wall Street Journal Original article ›

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The ECB and the Bank of England cut interest rates to near zero.

Shifting sentiment for Stimulus in France and Germany as job losses mount.

01/04/2008

German GDP contraction according to Commerzbank estimates in late March show 6-7% GDP contraction in 2009. France with a smaller capital goods industy, is projected to drop 4%. Sentiment in both countries is shifting to larger Stimulus.

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