Posts Tagged ‘eurozone economic forecast’

Economic Crisis in Eurozone Worsens

May 4th, 2013 Comments off

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?


To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Streetgo in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

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:

Hillary Clinton Nude


Hillary Clinton Nude