Europe continued to stay weak as growth in Germany, France and Switzerland was offset by softness in UK and southern countries.
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Further, a smaller portion of the total number of businesses is quoted in the southern countries than is in the more Anglo Saxon economies.
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France wanted a bigger group, fearing that southern countries outside would devalue, as both Italy and Spain did in 1992-93, making French exports less competitive.
The price is still being paid with wages and costs being slashed in an attempt for these mainly southern countries to regain competitiveness within a monetary union.
How to get the southern countries growing again?
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Mr. Trichet and the southern countries resisted.
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There is growing resistance in Germany to taking on more liability for the southern countries and some politicians have turned to the Constitutional Court to judge whether the ESM, the planned permanent bailout fund, violates German law.
For as we talk about it breaking up people are moving their money out of the southern countries likely to leave it (and thus shrinking the local money supply) and this very action makes it more likely that the euro will break up.
The Finnish Prime Minister, Jyrki Katainen, put it plainly: the eurozone's crisis had created a lack of trust between the northern countries and southern European countries.
We also see whilst our numbers have been flat in the last year, numbers rising significant in countries like France and the other thing that has to be remembered is that in the Southern European countries which border the Mediterranean they have hundreds of thousands of people who for whom no official records exist on top of all the asylum seekers.
They also see Britain as a counter- balance to France and the southern European countries.
Which means that banks in southern European countries will have the most capital to raise.
China debt is near the U.S., and Thailand and Malaysia are better than southern European countries.
It also suggests that investors sell some of the banks operating in the hardest hit Southern European countries.
The crisis, for a period, was confined to mainly southern European countries like Spain, Italy, Greece and Portugal.
Namibia and other southern African countries are concentrating their efforts on boosting tourism.
That is why the choice is so stark for the southern European countries, which are tied into the single-currency zone.
In recent years, several southern African countries have freed farm prices, robbing the old marketing boards of their buying monopolies.
To survive in the eurozone these mainly southern European countries are being told to regain competitiveness by cutting wages and benefits.
In many sunny places, including several American states and southern European countries, it is cheaper than the peak-time retail price of electricity.
HIV between a fifth and a quarter of adults in most southern African countries are infected has many causes, and migration is certainly one of them.
The weakness is attributable to the recession in the southern EU countries which, ultimately, has also spilled over into countries such as Germany and France.
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This was not a decision to punish the southern African countries.
As the ship left South Africa in search of another port, the United States had urged other southern African countries not to allow it to dock.
As background, Italian law insists that all electronic items be sold with a no extra cost 2 year warranty (as do several other Southern EU countries).
In most of the southern African countries, women are primarily identified as wives, sisters or mothers, unlike men who are rarely described as husbands, brothers or fathers.
And southern African countries are to co-operate on air-traffic control.
"We witness ever-increasing transfer payments to southern European countries, and we see that the problems in these countries are not being solved, but aggravated more and more, " he said.
In some southern African countries, half of new mothers could soon die of AIDS. Epidemics are emerging in China, India, eastern Europe and countries in the former Soviet Union.
Azer mentions how the company is most popular in southern European countries, which are less stable, while Brown-Forman is more active in the stronger economies of Germany, France and the United Kingdom.
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