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| | Heading into the Straightaway -- Tuesday, Jun. 21, 2005 -- Page 2 -- TIME (Site not responding. Last check: 2007-09-10) |
 | | But 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. |
| www.time.com /time/magazine/article/0,9171,1075014-2,00.html (743 words) |
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