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Europe's leaders paralysed as EMU jobless rate hits record high
The Telegraph ^ | 4/2/2013 | Ambrose Evans-Pritchard

Posted on 04/03/2013 12:46:10 AM PDT by bruinbirdman

Eurozone unemployment reached a record 12pc in February and looks certain to ratchet higher as fiscal cuts deepen and manufacturing continues to struggle, raising the spectre of social explosion across southern Europe.

A total of 19m people were out of work in the 17-member bloc in February, the European Union’s statistics office said on Tuesday, a rise of 1.77m on the same month last year.

Greece was the worst affected, with unemployment at 26.4pc, but Spain remains the hardest hit of the large economies with a jobless rate of 26.3pc. Youth unemployment is above 60pc across large parts of the country. Almost 2m jobless workers have been out of work so long in Spain that their benefits have expired.

“Such unacceptably high levels of unemployment are a tragedy for Europe and a signal of how serious a crisis some eurozone countries are now in,” said EU jobs commissioner Laszlo Andor.

At the other extreme, the jobless rate was 4.8pc in Austria and 5.4pc in Germany, a North-South chasm that makes it increasingly difficult to fashion a viable policy response within the limits of monetary union.

France slipped deeper into the southern camp, shedding 20,000 to 30,000 jobs each month and unemployment hit a post-monetary-union high of 10.8pc.

President Francois Hollande gave a hostage to fortune last year, exhorting voters to judge him by his success in “bending the curve” of jobless figures.

He gave a second hostage by agreeing to push through the toughest budget cuts since the Second World War – fiscal tightening of 2pc of GDP this year, in the midst of a triple-dip recession – to meet EU deficit targets. The two objectives are now in flagrant contradiction.

The grim jobs data came as Markit reported a fresh slide in eurozone manufacturing PMI

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: eucrisis; euunemployment

1 posted on 04/03/2013 12:46:10 AM PDT by bruinbirdman
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To: bruinbirdman
Growing socialism( growing government) doesn't work . Same thing happening in Europe is happening to U.S.A.

The individual is small and need its rights protected as in the bill of rights, 2nd amendment etc.

All democrats do is to increase the power of the state and government and so lessen the rights of the individual and freedom

democrats controlled congress for 40 years until 1992 . they used this 40 years and a complete control of the media to create this huge government that we have

2 posted on 04/03/2013 1:36:18 AM PDT by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: bruinbirdman
unemployment is worse in the U.S.A

many millions of Americans are just on disability , unemployment benefits or welfare. record numbers for all these free loaders getting a free government check . also add the millions working for the government and those getting government pensions who also don't produce anything nor do anything. Add up all these numbers and you have how many millions?

3 posted on 04/03/2013 1:40:56 AM PDT by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Democrat_media

It’s darn near a 1/3rd of the country. I can hear the violins tuning now.


4 posted on 04/03/2013 2:10:08 AM PDT by MachIV
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To: Democrat_media

“also add the millions working for the government and those getting government pensions who also don’t produce anything nor do anything”

Yes, like our military, right? And policemen, firemen, coast guard, most teachers of your children from K-12, NASA, many of these people your relatives and friends, all of them don’t do anything. Sure.... s/ One mustn’t paint with a broad brush.


5 posted on 04/03/2013 4:23:45 AM PDT by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: bruinbirdman

Is there a difference in meaning between the words “eurozone” and “EU?” Are they interchangeable?


6 posted on 04/03/2013 4:44:04 AM PDT by sergeantdave
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To: sergeantdave
Is there a difference in meaning between the words “eurozone” and “EU?” Are they interchangeable?

EU stands for the European Union and the Eurozone consists in the countries that use the Euro as their currency. Not all members of the EU are in the Eurozone.

7 posted on 04/03/2013 5:31:22 AM PDT by BfloGuy (The economy is not a pie, but a bakery.)
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To: bruinbirdman

You can bet that their stores are filled to the brim with Chinese junk just like America is...


8 posted on 04/03/2013 6:26:30 AM PDT by Iscool
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To: flaglady47
I see you are attacking me for putting out some truth on this thread that the media and government don't. government and the media are the enemy and you attack me for pointing that out. maybe you should go to a liberal site where they worship big government. you must be a liberal. why don't you get mad at the media and gov for all that they've done to take away liberties . all i did was post one message on a website. seems you protest to much.

NASA is one of the main promoters of the global warming Hoax

NASA is doing global warming studies

NASA is doing Muslim outreach

NASA spent trillions going to mars to get rocks

why hasn't your NASA refuted global warming but instead perpetrates this hoax that is meant to enslave the American people and also to destroy capitalism?

go worship your government.

firefighters work 20 years and then get a pension for 90% of their highest earning years . Things like this are why california is going bankrupt . it is the idea that government is something useful which is also dangerous.and you are trying to promote that as all liberals do.

as i said in the other post if you had read it I did say that all government should do is the military and border control. you want your NASA well so you get your big government and become slaves

I only post this to refute some of your nonsense so that others might see how ridiculous your worship of government is.this site is not the place to get into some ridiculous fight with some liberal. I would normally ignore such ignorance. I don't want to waste time with you now leave me alone

9 posted on 04/03/2013 6:58:56 AM PDT by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: flaglady47
I see you are attacking me for putting out some truth on this thread that the media and government don't. government and the media are the enemy and you attack me for pointing that out. maybe you should go to a liberal site where they worship big government. you must be a liberal. why don't you get mad at the media and gov for all that they've done to take away liberties . all i did was post one message on a website. seems you protest to much.


You support NASA and berate me for condemning government . LOL, you support NASA. NASA is another example of why government is evil, doesn't work and should be limited to only the military and border control.

NASA is one of the main promoters of the global warming Hoax

NASA is doing global warming studies

NASA is doing Muslim outreach

NASA spent trillions going to mars to get rocks

why hasn't your NASA refuted global warming but instead perpetrates this hoax that is meant to enslave the American people and also to destroy capitalism?

go worship your government.

firefighters work 20 years and then get a pension for 90% of their highest earning years . Things like this are why california is going bankrupt . it is the idea that government is something useful which is also dangerous.and you are trying to promote that as all liberals do.

as i said in the other post if you had read it I did say that all government should do is the military and border control. you want your NASA well so you get your big government and become slaves

I only post this to refute some of your nonsense so that others might see how ridiculous your worship of government is.this site is not the place to get into some ridiculous fight with some liberal. I would normally ignore such ignorance. I don't want to waste time with you now leave me alone

10 posted on 04/03/2013 7:03:33 AM PDT by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Democrat_media; MinuteGal

“I only post this to refute some of your nonsense so that others might see how ridiculous your worship of government is.this site is not the place to get into some ridiculous fight with some liberal. I would normally ignore such ignorance. I don’t want to waste time with you now leave me alone”

Hey buddy, get your facts straight before you go on the attack. NASA is being forced into its global warming stance and Muslim outreach lunacy by the Obama Admin, which you would know if you did a little research. He’s also dismantled our space program, let go tons of people from NASA, put his own people in to head it, and basically has made a hollow man out of NASA who have to live under his regime.

NASA was one of our great shining jewels until Obama and his minions got their meathooks into the organization. I guess you had the same amount of vitriol against NASA when Bush was Prez, right? And as to condemning the military, police, firefighters and the like, go tell that to the people who went through 9/11 in New York City that fateful day. And, as for your insults, that is the product of your small mind and inability to separate the wheat from the chaff when it comes to the nature of our current political distress. You just want to condemn by stereotyping all you feel aggrieved by with the same blanket indictment.

Meanwhile, I see you’ve been on this website since 2006. I’ll match my 1998 against your 2006 anytime. In other words, you operate on very little fact and with a lot of huffing and puffing. One thing we do agree on though, and that is you are very worth leaving alone as well, because one can’t debate with an ignorant mind. So, as Rush would say, ditto to the statement leave me alone. Geez. I’m so sick of the nasties that now infest too many threads. Take your own advice and go away.


11 posted on 04/03/2013 1:46:01 PM PDT by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: Democrat_media; flaglady47; mickie
You are so twisted with hate and bitterness that you are one of the people it's best not to debate with. You'll always be unhappy and see the glass half-filled.

Government is our enemy? I'll just say that there are good and bad people in government....always have been and always will be. Most are good....and they work hard in their jobs....and many are our relatives, friends, neighbors......and protectors.

That being said, OUR government is the best form of administration of the affairs of state and of men that was ever devised on the face of the earth.

Our Constitution is unmatched in the documents of any country in the world. The Constitution LIMITS our government, puts checks and balances on our government, protects us from excesses of our government....and is defiled only by BAD HUMAN BEINGS like Obama and his minions and cultists.

Our free enterprise, capitalist form of government, only a little more than a couple hundred years old, has provided us with more freedom, more creature comforts, more security, more innovations and more happiness than any other economic ideology in the history of mankind.

Our government is GOOD....those who seek to subvert it and destroy it are BAD.

That is why we must uphold and defend our system of government and stop those who seek to overthrow it.

Someone must have really bit your butt to make you hate our government and everyone in it as is evident in your nasty, sour, unappreciative post to other freepers.

Was it a cop who wrote you a ticket....or or a judge who screwed you over in a divorce....or maybe your welfare check arrived late last month because of an evil government clerk.....?????

A quote from Rush Limbaugh....."Our nation was created in ways that allow human potential to prosper. It created the greatest nation for people in the history of humanity. Now Obama is dismantling it because he has no appreciation for our greatness. In fact, he resents it. He blames this country for whatever ills he sees around the world."

You, sir or madam, blame our government per se for our ills with your blanket condemnation of those working in it and for it. Point the bad guys out. Leave the good people in government alone. If they are good people, thank them and praise them for their work and service.

And be grateful, not condemning, for our system of government....the best in the world.....if we can keep it, that is.

Leni

12 posted on 04/03/2013 3:32:53 PM PDT by MinuteGal
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To: MinuteGal

“You, sir or madam, blame our government per se for our ills with your blanket condemnation of those working in it and for it. Point the bad guys out. Leave the good people in government alone. If they are good people, thank them and praise them for their work and service.

And be grateful, not condemning, for our system of government....the best in the world.....if we can keep it, that is.”

Bravo, Bravo, Bravo, well said and true, and a variation of Ben Franklin’s comment to boot as a bonus.


13 posted on 04/04/2013 8:26:42 PM PDT by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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