Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You are right, this article raises more questions than answers.

As regards Germany, the retail grocery market is a snake pit dominated by large discounters operating on narrow profit margins. They don't have nearly as much scope to absorb price increases as, say, UK chains. But as for optimism, well, where I live I'm registering more discontent with rising food (and beer!!) prices than any "optimism".

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Fri Dec 14th, 2007 at 03:54:31 AM EST
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