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Eurozone suffers double-dip recession
European Voice ^
| 15.11.2012 / 15:45 CET (Nov. 15)
| Ian Wishart
Posted on 11/18/2012 3:02:14 PM PST by Olog-hai
The eurozone is officially back in recession after three years of sluggish growth as the sovereign debt crisis continues to impede recovery.
Figures out today (15 November) show that gross domestic product in the 17-country eurozone decreased by 0.1% between July and September after contracting by 0.2% in the three months before that.
(Excerpt) Read more at europeanvoice.com ...
TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: doublediprecession; eurobanking; eurocurrency; eussr
posted on 11/18/2012 3:02:24 PM PST
Can’t fudge the books any more?
posted on 11/18/2012 3:13:18 PM PST
The U.S. is not far behind.
I think ours has already started. The indicators just have not been picked up yet.
posted on 11/18/2012 3:30:29 PM PST
(The founding fathers would be shooting by now..)
They were probably better off back when they would all kill each another every generation or so. Who knows.... That’s probably where all of this Eurozone crap is gonna eventually end up.
posted on 11/18/2012 5:00:50 PM PST
(Department of Homeland Security, Certified - "Right Wing Extremist")
Hoodathunk sharing one universal currency would cause such problems? Oh, that’s right, Milton Friedman.
posted on 11/18/2012 7:06:26 PM PST
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