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Europe's Economic Contraction Intensifies in February

Edward Hugh - - -

Thanks for this excellent review, complete with thorough data. One item you did not mention: I have read that European super banks may have more problems than in the U.S. because they are, in many cases, much larger compared to GDP levels in their parent countries. This diminishes the amount of help (other than nationalization) that can be provided through fiscal policy. Even in the case of nationalization, how effectively can liabilities several times GDP be dealt with?

Again, thnaks for this excellent article.