Posted on 04/03/2013 12:01:20 PM PDT by Olog-hai
Amid signs that recession in the single currency area may be deeper than expected, Eurostat, the European Union's statistical agency, announced than the jobless rate in February was 12%. …
Unemployment has now hit 58.4% in Greece, 55.7% in Spain, 38.2% in Portugal and 37.8% in Italy. Joblessness is lowest in Austria (4.8%), Germany (5.4%), Luxembourg (5.5%) and the Netherlands (6.2%). …
(Excerpt) Read more at europeanvoice.com ...
Coming to the USA in 3...2...1...
Spain hits high unemployment fairly regularly. The only reason it went lower over the last few years was the fake global warming scams there and resulting housing boom.
BTW...I think these unemployment numbers are inflated. I read a few days ago that Spain's unemployment was just over 20%.
The social market economy is in part influenced by communism.
Yes. But I think the heavier influence of communism is in the South right now where global warming and bailouts get the most publicity. This is also where Muslim influence is heaviest which is no coincidence.
A lot of people are being paid under the table — so, the unemployment numbers are, doubtless, inflated. However, that still leaves a lot of people available to form violent street mobs.
Shorts have their media outlets where they suck everything out of the hype stories they can...thus the 50% unemployment numbers.
But lots of people are going to make a killing going the other way shortly. Watch and see.
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