It's Going To Be A Bumpy Quarter For The European Economy

High oil prices and a shaky euro threaten growth

It was a moment of rare relief. On Sept. 13, European Central Bank President Wim Duisenberg said the euro's value doesn't reflect the strong prospects for economic growth in the region. The euro climbed as a result. Finally, a central banker uttered something that didn't drive the beleaguered currency down further.

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