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Economic crisis (2): And the winner is...the banks!

From the basic economics course we know that a central bank has to intervene here and raise key interest rates to push inflation down. This can work if the economy is strong enough. But if the economy is not strong enough, there is a danger of recession.

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Economic crisis (1): We are all the losers!

Economists are worried because after industry, the service sector is now also sliding into recession. Millions of jobs are at stake. The governments' concepts are toothless and do not tackle the root of the problem.

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