Sunday, August 2, 2009

Europe's Basic Economics

As EUropean consumers lose their jobs (3.17m people in the Eurozone have lost their jobs since June 2008), they lower their spending. To attract customers, retailers have been cutting prices.

Simple Economics and what appears to be happening in Europe, especially the Eurozone, which is recording record low prices.

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Hi there,

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Thanks.
BRs
Nick

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