35 days until the EP elections on May 25th. Read how lower wages in Germany and Austria imply depressed consumption and lower domestic demand. Which leads investors to rush to Southern Europe and Ireland. The dynamic economic growth promised higher yields, but in the end capital from northern Europe mainly fuelled a property bubble. michaelakauer.at/2014/04/21/myth-5-we-are-living-beyond-our-means/
Posted on: Mon, 21 Apr 2014 20:55:36 +0000