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Euro Area’s $714 Billion Boom Hope Hinges on Senior Savers

  • Savings buildup during the crisis is focused on older people
  • Their habitual caution could damp prospects of a rebound boom
U.K. Chancellor Urged to Unleash $140 Billion Fiscal Push to Aid Recovery
Photographer: Jason Alden/Bloomberg
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For the euro area to achieve a jumpstart in economic growth with a consumption boom, a whole generation of citizens who hoard money rather than spend it would need to seize the day and splash out.