Posted on 07/30/2016 6:08:20 PM PDT by Olog-hai
It seems that the strong start to the year was another false dawn for the eurozone economy and that the European Central Bank will have more to do in the months ahead to shore up growth.
New figures released Friday confirmed that the eurozone, which is made up of 19 countries from Ireland to the west to Cyprus in the east, suffered a sizable slowdown in the second quarter of the year despite a number of stimulus measures that the European Central Bank has thrown at it.
In its first estimate for the April to June period, Eurostat, the EU’s statistics agency, said growth across the single currency bloc eased to a quarterly rate of 0.3 percent from the previous quarter’s 0.6 percent. The eurozone’s growth was equivalent to the 1.2 percent annualized rate also reported Friday for the United States.
The decrease was in line with market expectation and the euro was steady at around $1.11. …
(Excerpt) Read more at bigstory.ap.org ...
Go EU!!!!
Go Juncker!!!
The problem in the Eurozone is the same in the Ameriglobull zone - stimulus cannot jack up an economy which is undermined by debt, regulation, rent-seeking parasites and its first-cousin corruption.
You’re right.
I’m prepared for the brutal right hook that is going to come in the first two years of Trump’s presidency.
He HAS TO do it. Let whoever is going to fail, fail, stop holding down interest rates. Slash govt and start over.
By four year, we should be punching back hard!!
I dunno, but just maybe, increasing the money supply does absolutely squat for growth. Maybe growth is caused by—just a guess here—manufacturing things? Growing things? Putting people to work?
Naw, these are probably just silly ideas on my part.
According to the government party, welfare payments increases GDP.
I cannot improve on such a succinct clarification of the problem.
The first step in fixing the problem is to remove gub'mint spending from GDP, it is not an additive, it is a detriment. The second step is when building a bridge or road, infrastructure, does it cause the cost of a product to come down, i.e. a productive increase. Third, as government involvement comes down, competitive and productive pressure will consume the resources freed up.
Just slash interest rates. /s
Are you referring to that nonsensical statement that Nancy Pelosi made a few years ago, when she was claiming that every dollar in welfare spending increases the economy by more than a dollar? I had forgotten about that.
With people so utterly unable to think acting as our elected officials, it is no wonder our country is so far down the hole.
not exactly.
the problem with the Eurozone
is that demand is falling because the people
don’t need as much as they once did,
because they have too much
of everything now.
an exception would be decent housing,
but that is a political problem.
Democrats have to cheat for votes.The only way they keep their power is to keep the poor in freebies..That worked So well in Venezuela,the democrats want to try it over here.THEY know how to work the bugs out of socialism
This is simply untrue. Been to France, or UK? And I won't go on about Southern Europe.
That is an example of the mess that petty law and regulation gets one into. And this is but one silly example that goes on day after day.
Andy, I don’t travel much.
I just believe the is global overcapacity
in many, many industries.
THAT’S insanity. You have to have the title “recovered from salvage” in records?
That’s assanine. I have never heard such a thing but I certainly believe it. Sorry to hera that man. wow.
how much was the damaged car worth if parted-out?
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