European economies get dragged into depression from US depression and free falling dollar

A global stock-market slump and an economic slowdown in the U.S. threaten to slow growth in Europe more than forecast. In reality US economy is in depression. Middle class in America cannot pay rising bills. The gas price, the rising commodity prices and mortgage meltdown has dragged the American economy into a deep depression. That in turn is dragging European economy into a depression also.

``The economic situation and financial markets are highly volatile and uncertain, a good deal more uncertain than usual,'''' Luxembourg Finance Minister Jean-Claude Juncker said yesterday in Brussels after presiding over a meeting of counterparts from the euro region. ``If there is a real slowdown in the U.S., obviously that would be felt in the euro zone.'''' SMART LIVING & INVST. ARTICLES European economies get dragged into depression from US depression and free falling dollar
Fred Day
The gas price, the rising commodity prices and mortgage meltdown has dragged the American economy into a deep depression.

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