Asia shares ruffled by risk aversion; euro retreats

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georgi2424 wrote:

Do you think Austria is going into cirisis? There is doubling in the money mass M1 for 5-6 years by ECB and we do not see signs of recovery. In the last 2013 quarter there was a decline in many important early parameters such as industrial production, inflation, retail, although the budget deficit. Now Telekom Austria seems to has close to zero net income in the last quarter according to the decline in the previous Q and considering their pageviews declining in Austria, Croatia, Bulgaria despite the strugguling with addvertisments that do not engage customers due to the scandal of the decade with Hoheher bribing. There is already a decline in share prices by 20% and the PE ratio is twice as high as the other firms on Vienna stock exchange even without considering that there are not net profits anymore and the incomes are declining fast on the main markets. The have 2.5 bill market value and 2.5 bill debt close to junk rating. This is a shock of 2% of the GDP. So probably Minister Michael should expect decline in GDP in Q1?

Jan 02, 2014 8:13am EST  --  Report as abuse
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