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Wednesday, July 20, 2011

The United States of Greater Germany

Homebuyers and firms are facing higher lending costs thanks to the spiralling debt crisis across Europe.
In a dramatic warning, the Bank of England said the risks posed by turmoil in the eurozone pose a substantial threat to the UK.
The Bank said the funding costs faced by UK banks were being pushed up because of the risks of economic collapse on the Continent.

Euro meltdown: Debt crisis threatens interest rates, says Bank of England

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