Exact(1)
Because Europe's capital markets are less deep than America's (its ratio of private credit to GDP, for example, is much lower), budgetary policy ought to lean against the cycle more in Europe than in America.
Similar(59)
Others have much lower rates.
They cannot sink much lower.
Are their risks much lower?
Others estimate much lower costs.
It's much lower.
No, lower, much lower, lower, keep going.
But how much lower?
At much lower prices.
Activity was also much lower than a year ago.
The industry says it is much lower.
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