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Eurozone flash PMI composite index comes in at 45.9 in May, a 35-month low, vs. 46.6 expected...

Eurozone flash PMI composite index comes in at 45.9 in May, a 35-month low, vs. 46.6 expected and 46.7 previous. Manufacturing at 45.0 vs. 45.9 prior. Services at 46.5 vs. 46.9 prior.
Comments (4)
  • User 489326
    , contributor
    Comments (272) | Send Message
     
    Ah yes let's have another round of austerity...it works so well. Europe does not need more people with less money to spend it needs more people spending money... Stimulate, stimulate, stimulate. Look Europe over real good. this is exactly what the T'baggers are wanting to do to the US!
    24 May 2012, 08:05 AM Reply Like
  • jcaesar
    , contributor
    Comments (26) | Send Message
     
    You're right, but you won't make yourself popular with the Ayn Rand, Austerian dittoheads on this site. Careful!
    24 May 2012, 08:56 AM Reply Like
  • David Green
    , contributor
    Comments (108) | Send Message
     
    Wait a second here, hold on! The austerity measures in the EU involve cutting spending AND raising taxes! Are you suggesting that the Tea Party wants to cut spending AND raise taxes in the US?!?
    24 May 2012, 01:53 PM Reply Like
  • vresnoc
    , contributor
    Comment (1) | Send Message
     
    "T'baggers" did not cause the EU's present situation! The EU was a terrible idea to begin with. You cannot have a common currency without a common political system. This was known and warned against before the EU experiment was launched. Scofflaw societies like Greece (who have been serial defaulters for thousands of years) and other socialistic states simply promised more benefits than they could pay for. You could paper over the problem by printing money but this will ultimately lead to massive inflation. Then the money will be worth less than cheap wallpaper.
    24 May 2012, 08:56 AM Reply Like
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