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Originally Posted by mertle
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Not very likely in this case. Any business that can see its profits fall by 60% and yet still walk away €2.1bn. in the black has got to be doing reasonably well, given the circumstances.
I think the worst is still to come in the Eurozone because the EZ governments and the ECB are determined to keep the patient on life support by chucking piles of cash at it, but sooner or later, maybe in one year, maybe in 3 or 5, the money will run out and they will then have to face up to the fact that EZ economic policy is making the problem worse and making recovery not just more difficult, but quite impossible. At that point it will royally hit the fan.