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While European retail stocks have taken a beating over the past six months, losing on average 30 percent of their value, Reuters reports that at its annual Retail and Consumer Summit experts said that they fully expect that once the credit crunch eases the market is likely to see another round of mergers and acquisitions. Of course, these same experts said that they expect the current financial tightening to last at least through the end of the year and possibly longer, so it isn’t like the sun will be coming out tomorrow or next week.
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