From: Publius (publius@euraction.org)
Date: Thu Nov 21 2002 - 23:45:51 CET
Dear Friends,
at http://www.euraction.org/Tools.htm
you can find the European Letter n. 26 in English, Italian, French and
German. This Letter deals with the problem of the present economic
crisis: "The industrialised world is currently undergoing its worst
economic crisis since the 1929 Depression. While the present crisis was
(as is often the case) triggered by the bursting of a speculative
bubble, it is now beginning to impact on the real economy, and is
looking far more serious in Europe than in the United States. It has
already left victims in its wake in several European countries one
need only recall the closure of Sabena and the problems facing Vivendi
Universal. Most serious of all, however, has been the crisis that has
hit FIAT Auto, which, according to the company's restructuring plan,
could result in the closure of two plants and the loss of around eight
thousand jobs. FIAT is the driving force of Italian industry. It has an
enormous number of suppliers and it is heavily indebted to the leading
Italian banks...."
Greetings
European Letter
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