Skip to comments.EU predicts 'modest' economic recovery next year
Posted on 11/06/2015 7:58:58 AM PST by Olog-hai
The European Union on Thursday predicted the region's economy will grow at "a modest pace" next year thanks to cheap energy and central bank stimulus, but remains hampered by low investment and high debt.
In an official forecast, European Commissioner Pierre Moscovici warned of uneven improvements across the 28 member states but said that for 2016, the EU economies will "see growth rising and unemployment and fiscal deficits falling." ...
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Hmmmm. With the influx of all the skilled workers they’re currently having, that’s not to hard to predict. Pretty soon they’re economy will be crankin’ just like ours over here in the U.S.
(See jobless/unemployment report to have some sunshine pumped where the sun don’t normally shine.)
The latest 5 year plan is announced.
Sales of burkas, shemaghs and machetes are expected to skyrocket.
With three million refugees now expected this year, even at Merkel’s low-ball fastasy cost estimate of 6,000 Euros to support each one (the US cost is $65,000 for each illegal, and I don’t think things are so much cheaper in Europe), that’s 18 billion unbudgeted Euros they have to come up with. It will take more than a modest recovery to bail out this bunch of elitists.
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