so does britain and they are in big trouble. guess which country we resemble, germany or the UK?
Germany and France both grew by 0.3% in the three months to June, while the UK contracted by 0.8%.
Structurally, both Germany and France differ from the UK. They are less dependent on financial services, tend to have lower levels of consumer debt and have established long-term relationships between banks and companies which guarantee that credit lines are not pulled at the first sign of trouble.
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