house prices and the related fall in home building; (2) a subprime mortgage problem that has triggered a substantial … mortgage refinancing that could cause greater declines in consumer spending. Each of these could by itself be powerful enough …

exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of …

exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of …