Shoppers Untroubled by Recession

Wednesday, December 24, 2008 5:34
Posted in category Economic Outlook

Despite of the bleak economic midwinter, the Christmas markets of mainland Europe are thriving as usually. They are thronged with large amount of confident people spending money.
Snails floating in a light garlic sauce, waffles crowned with hillocks of artificial cream, paper pokes of frites topped by mayo and accompanied by warm Kriek or, perhapst, half a dozen oysters and a glass of white wine. Locals and visitors from all over Europe can barely get past each other. People want to get into the Christmas spirit via browsing around the bustling stalls, soaking up the unique atmosphere beneath the twinkling lights with the aroma of delicious foods filling the air.
Long queues of people waiting to spend money on gifts and luxury snacks in the Christmas market make the recession seem invisible across mainland Europe. They don’t need the VAT cut to stimulate them to go shopping. They are making their own contribution to overcoming the worst recession there since 1949 and the founding of the federal republic.

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