This week the world markets have to evaluate the implications of the regime change in Washington. The change itself isn't simple and this time isn't trivial either. A normal change has to basic stages, the latter one is the eventual replacement of presidency, and the first is the intermediate period, in which the incoming president shadows the outgoing president and affects his decisions, concerning subjects, contents and schedule.
Europe’s Economic Confidence in Freefall
October 2008 has been the gloomiest month since the early 1990s with regard to economic outlook in Europe, according to the latest European Commission Economic Sentiment survey.
The survey shows a drop of 7.4 points in October, the biggest month-on-month fall ever. The economic sentiment index currently stands at 77.5 points, the lowest since 1993. The reading covers a bloc of 27 countries.
Read more...The survey shows a drop of 7.4 points in October, the biggest month-on-month fall ever. The economic sentiment index currently stands at 77.5 points, the lowest since 1993. The reading covers a bloc of 27 countries.
