The most recent statistics out of Europe are atrocious – the unemployment rate is currently 11.2% (vs. 5.7% in the U. S. and only 3.6% in Japan) and those who are employed are experiencing extremely slow wage growth. If that weren’t bad enough, youth unemployment is unbelievably high at 50.9% in Spain, 50.6% in Greece, 44.1% in Croatia and 41.2% in Italy.
Today’s infographic tackles some of the most recent statistics out of Europe.
In the very near future we will finally know the answer to the question, “Is the euro a currency or an experiment?” The changes required to answer that question will be wrenching and horrifically expensive. There are no good answers, only difficult choices about who pays how much and to whom. Read More »
If you thought the Eurozone crisis was in the past, think again…It’s a near mathematical impossibility that its weakest members can grow their way out of their debt and if deflation takes hold—as it has already in Greece and Cyprus, and is close in Portugal, Spain, and Italy—all bets are off. Read More »