4 1 min 9 yrs

Let’s study the ruins, or even the runes!

‘The number of unemployed in the 17-nation eurozone reached a record high in September as the bloc’s nascent recovery failed to generate jobs, official data revealed today.

The news came as S&P Dow Jones Indices said that Greece no longer classifies as a developed market and the US accused Germany of hampering economic stability in Europe and hurting the global economy.

The ranks of the jobless swelled by 60,000 to a record 19.45 million, according to Eurostat, the European Union’s statistics agency.

These are shocking figures. Greece is on its way to the third world, whilst almost 20 million Europeans cannot find a job. And ALL in the name of saving the vainglorious nonsense that IS the Euro.

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4 thoughts on “SO HOW’S THE EUROZONE WORKING OUT?

  1. //And ALL in the name of saving the vainglorious nonsense that IS the Euro.//

    Unemployment rates are lower in about half a dozen Euro countries than in the non-Euro UK, or even than in the US:

  2. Unemployment rates are lower in about half a dozen Euro countries than in the non-Euro UK, or even than in the US:

    Indeed. It’s like a load of people jumping off a cliff and consoling oneself during the fall that some are nearer hitting the ground before you are.

  3. There are some signs in Ireland that the huge cutbacks in public spending are starting to pay off and in normal circumstances we could dare to hope that we have turned to corner. We have attracted high tech companies in great numbers and unemployment is starting to fall. Our main trading partner, the UK, is growing and that helps us.

    But even if we were to believe the rosy scenario the euro stands ready to screw us again. We could end up again with even more ridiculously low interest rates tan we had the last time. This will again pull investment money into our banks and kick off another destructive property boom. That’s the way the euro works and there is little we can do about it. Except leave. But I fear the lesson will have to be learned a few times before it sinks in.

  4. Yep the british empire with the GBP yelling against the EU, especially Germany. As Germans we say “it is like a street dog pissing at an oak tree”

    Keep the GBP, Close down your bankrupt RBS and Ulster Bank, don’t beg us for Money as Cameron did last week…. stay biggot, be the wee Little dog of the USA ….. we just don’t care.

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