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eurozone |
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The contrast here is even more striking for Germany because other Eurozone countries all enjoyed rapid money supply growth under the same ECB monetary policy. The volume of euro-denominated government bonds was very large even before the single currency was introduced: the outstanding volume of Eurozone government bonds was roughly half the outstanding volume of U. According to the analysts, groups that report in cures and do not have broad exposure outside the Eurozone could suffer declines of 10% or more on normalized earnings per share, compared with a stable currency regime at previous euro/dollar levels. |
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