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The EuroMiracle
Topic: Why Does It Matter?
Posted by Everyman - 17:46:27 EST

Not politics; global economics.


The EuroMiracle is fast becoming - no, it already is - The EuroMess:


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 percent in the quarter, following a 0.2 percent drop in the second quarter.

Those two quarters of contraction put the euro zone's 9.4 trillion euro ($12 trillion) economy back into recession, although Italy and Spain have been contracting for a year already and Greece is suffering an outright depression.

The perfect opportunity for our president to get more deeply involved, and to provide the needed leadership . . .

From behind.

Some of you out there punched his ticket for another four years in office over here, thus inviting the chickens to come to roost here as well as over there.

Stock up on your chicken feed, then.

You're gonna need every bit of it that you can find.


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