The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been "averted", the economic statistics that are coming out of Europe just continue to get worse. Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great Depression of the 1930s. The economic situation in Europe is far worse than it was a year ago, and it is going to continue to get worse as austerity continues to take a huge toll on the economies of the eurozone. It would be hard to understate how bad things have gotten - particularly in southern Europe. The truth is that most of southern Europe is experiencing a full-blown economic depression right now. Sadly, most Americans are paying very little attention to what is going on across the Atlantic. But they should be watching, because this is what happens when nations accumulate too much debt. The United States has the biggest debt burden of all, and eventually what is happening over in Spain, France, Italy, Portugal and Greece is going to happen over here as well Germany Rebounds but ... France Economic Implosion Accelerates; Record Decrease in Service Employment in Italy A quick look at economic data from Markit shows a recovery of sorts in Germany (it will not last) and a contraction in France at the steepest rate in four years. Meanwhile, Italy saw a PMI survey-record decrease in services employment in January. A senior Cypriot official suggested late on Saturday that his government was not close to an agreement with the troika over a range of measures aimed at securing a 10-billion-euro bailout for his country. 2013 economic implosion economy "world economy" europe eu "european union" radio show "radio show" infowars elite agenda "agenda 21" prepared money currency euro global financial crisis gold silver bullion fraud steal new "new currency" bilderberg war ww3 "middle east" asia "far east" chaos agents truth imf "world bank" tax cyprus "world government" control country mafia british "divide and conquer" future trends trending trendy society banking money manipulation freedom illuminati illumination plan corporate owl symbolism symbol management media news nwo "new world order" "gold coins" "silver eagle" u.s. alex jones gerald celente max keiser david icke lindsey williams greece italy spain france england destroy confidence implode goldman shachs jp morgan chase rothschilds 829speedy "We are not in touching distance of an agreement," the official, who preferred to remain anonymous, told the Cyprus News Agency. According to the news agency, the official said that the impasse was a result of the "inflexible" stance of the International Monetary Fund representative in the troika. The deposit confiscation scheme has long been in the making. US depositors could be next . . . . On Tuesday, March 19, the national legislature of Cyprus overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout. Reuters called it "a stunning setback for the 17-nation currency bloc," but it was a stunning victory for democracy. As Reuters quoted one 65-year-old pensioner, "The voice of the people was heard.
5 years ago