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| Europe |
| EU death knell: Eurozone growth HALVES as French economy grinds to a halt |
| 2016-07-30 |
| h/t Gates of Vienna Across the eurozone, gross domestic product (GDP) increased by just 0.3 per cent, falling from 0.6 per cent in the previous quarter, figures from Eurostat showed. Unemployment was also revealed to be standing at a worrying 10.1 per cent last month. France shocked onlookers as its economy ground to a complete halt in the three months between between April and June. |
| Posted by:g(r)omgoru |
| #10 PLus the eurozone is printing 85 Billion euros of new debt every MONTH To try and make it look like the economy is working! |
| Posted by: Bright Pebbles 2016-07-30 15:52 |
| #9 Yup, Steve. I read that in Tom Clancy; but I first heard it in '71 from my professor an ex-pat immigrant Hungarian Finance Ministry member. |
| Posted by: AlanC 2016-07-30 13:14 |
| #8 AlanC: that's the Soviet model of economics. Makes sense that the Euros and the Obama administration would copy... |
| Posted by: Steve White 2016-07-30 12:52 |
| #7 So, the official (Would anyone lie?) GDP is 0.3% and... Inflation rate in June 2016: (month over month, MOM) 0.13% |
| Posted by: magpie 2016-07-30 12:17 |
| #6 Why should anyone anywhere believe economic statistics from any government agency? We know they lie to us, why would we think that they don't lie to themselves? |
| Posted by: AlanC 2016-07-30 10:21 |
| #5 EU's death and dismemberment has been celebrated and prophesied for the last decade. It's an ongoing process, obviously. |
| Posted by: AlmostAnonymous5839 2016-07-30 10:20 |
| #4 Actually, the French economy really shuts down in August and September. It's the traditional "go on vacation and sort of come back" time, and usually is celebrated by increased deaths among elderly shut-ins, whose caregivers are at the beach in Nice or swilling wine in Portugal. |
| Posted by: ed in texas 2016-07-30 10:00 |
| #3 Doesn't France's economy always grind to a halt between April and June? All those strikes and such every year. |
| Posted by: DarthVader 2016-07-30 09:19 |
| #2 Unemployment was also revealed to be standing at a worrying 10.1 per cent last month. Worrying? Our urban rate must be three times that. Thumb mashing millennials, possibly more. |
| Posted by: Besoeker 2016-07-30 09:02 |
| #1 Just force the EU statisticians to revise their obviously mistaken pronouncements. |
| Posted by: Anguper Hupomosing9418 2016-07-30 08:08 |