Economic Crisis in Eurozone Worsens
The latest economic forecast to emerge from the Eurozone’s bureaucrats shows a deterioration within the monetary union. The Eurozone’s GDP, which officially shrank by 0.6 percent in 2012, is now forecast to contract by 0.4 percent in 2013, a 0.1 percent worsening of economic activity among the 17 countries within the Eurozone.
The fractional differences with initial and current forecasts, and 2013 versus 2012 may be small, but they solidify a negative and worsening trend. The Eurozone is mired in recession, with no end in sight. The worst impacted Eurozone member states are in a disastrous economic depression, with catastrophic levels of unemployment, particularly in Spain and Greece. The policymakers are clueless, and the European Central Bank just reduced already meager interest rates by another 25 basis points. Stock markets might get excited by such news, but in real terms, these are attempts to cure economic pneumonia with a placebo.
With the Eurozone trapped in an unending economic and fiscal crisis, how long can China and the United States still escape the consequences of the Eurozone crisis?
WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view the official trailer YouTube video for “Wall Street Kills,” click image below:
If Hillary Clinton runs for President of the United States in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:
YouTubeHillary Clinton Nude
Hillary Clinton Nude
HILLARY CLINTON NUDE
