The flood ofeasymoneydisguisedthe hard truth that the competitivenessof the peripheraleconomies, gaugedby measures like unitLabourcosts, had steadilyworsenedafterjoiningthe euro.
The National Weather Service says above-normal rain is expected in the next week over areas of the Southeastern United States, where the drought has steadilyworsened.
Dewhirst's trading position worsened this spring when it was revealed deflated high street prices meant the manufacturer had been steadily losing money for more than 18 months.