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ECB’s Trichet Says Euro-Region Economy Will Contract

Source: Bloomberg.com: Germany
European Central Bank President Jean- Claude Trichet said the euro region’s economy will shrink next year for the first time since 2003 after the bank delivered the biggest interest rate cut in its 10-year history.
“Global and euro-area demand are likely to be dampened for a protracted period of time,” Trichet said at [...]

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