Multinational Firms Hurting as Europe Slumps

Discussion in 'Wall St. News' started by ASusilovic, Dec 7, 2010.

  1. Multinational companies in a range of industries are seeing slowdowns in Europe and bracing for what could be many months of weakness.

    Companies in the technology and health-care fields are under pressure from government efforts in Europe to cut costs, while consumer-goods makers have to contend with sluggishness in nations including Spain, Ireland and Greece. They are responding in some cases by cutting jobs and investment, steps that will themselves weigh on Europe's economic climate.

    "There will be less people working, less people paying taxes, which will weigh further on government finances—all of this is linked to weakening economic growth," ...

    Don´t forget to load up on stocks today / ask your broker for margin and in the next days - it might be your last chance to participate in this "rally"... :cool: