Eurozone: Unprecendented Decline
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The ECB President, Christine Legarde, admitted that the ECB is in emergency mode because of "unprecedented decline. On an annual basis, the drop in GDP in Q1 was 14.4%. In contrast, the U.S. was 4.8%.
In this video I discuss how the EU is in big trouble and worth watching. It could really stifle any hope of a quick recovery in the global economy.
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