As with the U.S., the Eurozone has been relying on the monetary drug injected by the central bank to compensate for the failure of politicians to devise and execute effective economic policy. The drug of monetary stimulus can go only so far, and there is a constant stream of data revealing how weak the Eurozone economy is in reality.
The most recent figures from the Markit’s purchasing managers indexes show a decline in the composite average from 52.5 in August to 52.3 September. This is the lowest PMI monthly result since December of 2013.
Other than the increasingly ineffective policies of the European Central Bank (ECB), and in the absence of economic leadership from the politicians, the sole hope for the Eurozone is the monetary union’s largest economy, Germany. However, the German economy has experienced a slowdown, and the emerging sanctions and economic boycott war with Russia is bound to impose a serious drag on economic growth.
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:
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Hillary Clinton Nude
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Six years after the onset of the global economic crisis, and despite trillions of euros in added government debt and unprecedented monetary easing by the European Central Bank (ECB), the Eurozone economy is dead in the water. Unemployment remains disastrously high, and the marginal GDP growth of some of the smaller Eurozone countries was offset by poor data from France and Germany-the two countries comprise two thirds of the Eurozone’s GDP.
Germany’s economic data was especially bad. The largest economy in the monetary union contracted by 0.2 percent in Q2 of 2014. In the same period, France experienced zero growth, while Italy entered a technical recession. On balance, the debt and money-printing supported economies of Europe stood at zero GDP growth in the second quarter of 2014. And the worst may be yet to come. The economic sanctions imposed on Russia over the Ukraine crisis has resulted in retaliatory sanctions, which will inevitably hit the Eurozone in Q3 of this year. In addition, there are warning signs of an economic slowdown in China. There are ill omens ahead for the Eurozone.
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:
CLICK ON IMAGE TO VIEW VIDEO
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Hillary Clinton Nude
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