Tag Archive: Spain

Down Goes Europe

Gulp:

The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday.

The French and German economies both managed 0.2 percent growth in the July-to-September period but their resilience could not save the 17-nation bloc from contraction as the likes of The Netherlands, Spain, Italy and Austria shrank.

Economic output in the euro zone fell 0.1

Read more

Get ready for a stock market hammering today..

And it’s this time mostly courtesy of our Western European socialist economies that have wasted 2 years trying to pretend they can keep the EU together AND keep their craddle-to-grave socialist nanny states. But alas, the end is near:

For two years now, Eurozone leaders have tried to deny reality, concocting one temporary bailout scheme after another in an effort to sweep Europe’s budget problems under the rug. But this game is nearing its

Read more