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EU: Optimizm shines through the hole in coffin
    • The eurozone is now in the midst of its longest recession ever. Economic activity in the eurozone has declined for six quarters in a row.
    • Italy's economy has now been contracting for seven quarters in a row.
    • Industrial production in Italy has fallen for 15 months in a row. It has now fallen to its lowest level in about 25 years.
    • The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.
    • Consumer confidence in France has just hit a new all-time low.
    • The number of unemployed workers seeking a job in France has hit a brand new all-time record high.
    • Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.
    • Youth unemployment continues to soar to unprecedented heights in Europe. In Greece, 62.5% of young people are out of work, in Spain it's 56.4%, then Portugal with 42.5%, and then Italy with 40.5%.


  • 7 Replies sorted by
  • This is very good, we're starting to come to the end of this unsustainable economic model. There will be hardships as with any change, but it will be limited as long as politicians don't try to patch and carry on the current system. And we've got all the time in the world if AGW is untrue.

  • @Dazza

    What kind of positive change you expect?

  • I would be wary of any changes proposed by the same corrupt political class that rammed this eurozone crap down our throats.

  • Power corrupts.

  • @RRRR

    Power always corrputs, but it is working if you have plenty of energy and resources.

  • One more sun light

    Sales of autos in France dropped about 10-12% year to year in May.