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The EU is in a "mild recession," says the European Commission, with a recovery "forecast to set...

The EU is in a "mild recession," says the European Commission, with a recovery "forecast to set in slowly from the second half of the year on." Eurozone GDP will contract 0.3% this year, and expand 1% in 2013. The eurozone deficit is expected to be 3.2% of GDP in 2012, 2.9% in 2013.
Comments (10)
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    Mild? Who are they kidding?

     

    Take out Germany and you're left with a total disaster. Greece now the second country to have more than 50% youth unemployment. Across Europe we are witnessing house prices imploding, industrial production cratering, consumption disappearing, banks failing and getting nationalised, profits shrinking and the EU commission is talking of a "mild recession"? The same jokers that gifted themselves with a 6.8% budget rise for this year?
    11 May 2012, 05:54 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    34% of the Greek population is currently employed. I think the rate in the nation of Chad is better.
    11 May 2012, 08:06 AM Reply Like
  • scottennen
    , contributor
    Comments (5) | Send Message
     
    the propaganda is cartoon-like now! Countries nationalize their banks all the time during "mild recession(s)"...house of cards is coming down sports fans...get yer popcorn ready.
    11 May 2012, 06:06 AM Reply Like
  • WMARKW
    , contributor
    Comments (10641) | Send Message
     
    Its Wonderland over there an the "looking glass" is revealing an awful lot of strangeness. I have to look at fundamentals. And as you say, Schatzl, there is not much good happening. It looks like one should be wary. To me the real question is what kind of an event could cause a firestorm?
    11 May 2012, 06:07 AM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
     
    the Keynesian socialist model is reaching
    the end game.
    11 May 2012, 06:30 AM Reply Like
  • lindsay lopez
    , contributor
    Comments (40) | Send Message
     
    I don't know about you, but for me watching poverty in the streets is not very enjoyable or acceptable.
    11 May 2012, 11:52 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Mild.......that word will come back to haunt them...or maybe it is the new normal....mild....lol
    11 May 2012, 06:40 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Where does the projected "1% growth in 2013" come from? Riot gear production and sales, maybe?

     

    The ECB needs to put their big girl panties on and just start printing euros like they really want to.
    11 May 2012, 08:05 AM Reply Like
  • eabyrd
    , contributor
    Comments (311) | Send Message
     
    Riot gear sales... awesome! lol!!!
    11 May 2012, 12:58 PM Reply Like
  • eabyrd
    , contributor
    Comments (311) | Send Message
     
    Tis' but a flesh wound.
    11 May 2012, 01:08 PM Reply Like
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