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Further headwinds can be found in Europe, weakness in the euro may lower comparable sales in that region and almost certainly after those sales are translated back into relatively stronger dollars.
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And for the moment, the international interest in the region, besides resulting in military assistance, has helpfully translated into more aid money and debt rescheduling for its poorer countries.
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The mystery is that rapid export growth has not translated into higher domestic-sector investment, especially as real interest rates in the region have been low or even negative for much of the past three years.
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