So, what do you Euro MFs think ??

[littleman]

The new VAT is going to be 23%, ouch.

[Mackin USA]

Worries about the global economy, prompted by a slowdown in China where shares slid more than 8 percent on Monday , are weighing on many countries in Europe.

Manufacturing confidence in the Netherlands, with huge exposure to international trade though several of Europe's largest ports, slipped back in July, reflecting pessimism among companies over the prospects for the coming three months.

http://finance.yahoo.com/news/imf-paints-dim-picture-europe-151453069.html

[Brad]

I'm thinking back to my old high school history classes, but one of the causes of the Great Depression was war debt from World War I and reparations. And that Europe and America were just passing around the same money for war debt without using it for growing the economy - or something.  It seems to me that Europe is falling into the same trap.