Between the Lines : Trichet's Succession Is Thrown Into the Melting Pot
The Scotsman › February 16, 2011
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Summary
The unexpected slowdown that hit the UK economy in the last quarter of 2010 seems to have struck continental Europe as well. Data for the fourth quarter released yesterday shows that the French, German and Italian economies all expanded less than analysts or the markets were expecting.
In normally buoyant Germany, GDP increased by only 0.4 per cent - well down on the 0.7 per cent in the third quarter. In France, GDP was up by 0.3 per cent - only half the expected increase despite the rush to buy new cars before a scrappage scheme ended. Italy managed a barely visible 0.1 per cent improvement.See the full content of this document
Extract
Between the Lines : Trichet's Succession Is Thrown Into the Melting Pot
Predictably, politicians blamed the bad winter weather. If so, that suggests a rebound in the first three months of 2011. However, Europe as a whole remains hob...
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