Word: pkbanken
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Dates: during 2000-2009
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...Nils Lundgren, vice president of Stockholm's Pkbanken, believes that West European countries are slowly creating conditions for steady, solid growth. Said Lundgren: "We are more inflation-proof now during the business upswings." Imports are cheaper, wage increases are modest, and governments are reducing budget deficits. At the same time, Lundgren found that Europeans, on the political left as well as the right, have learned to accept the need for free-market solutions, even if it means shutting down loss-making steel mills and shipyards. Jean-Marie Chevalier, professor-of economics at the University of Paris Nord, also noted...
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