Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Contributes lots of economic activity: building, selling, lending, furnishing etc.

There is some leveraging of equity, but I don't get the impression that its reaching very dangerous levels. Personal indebtedness is rather lower here than in the UK or US as far as I recall.

by Colman (colman at eurotrib.com) on Tue Jul 5th, 2005 at 08:07:35 AM EST
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