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Cover Story
RAC Sales in Southern Europe Decline
Despite Europe’s sound economic fundamentals, the strong headwinds, which include persistent uncertainties about the duration and the ultimate cost of the world credit turmoil, surging commodity prices, a weakening U.S. economy, a downturn in business indexes originating from the subprime loan issue in the US and an increasing rate of unemployment, have begun to take a toll on the EU’s economy.
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