HomeSearchLog inRegister
Latest topics
» Dangerous Auroras! Scientist Know What's Going On! Do You?
Today at 10:51 pm by PurpleSkyz

» The RH Negative Blood Type: Cherokee
Today at 10:50 pm by PurpleSkyz

» UFO News ~ UFO ‘Sighting’ over the Kelpies plus MORE
Today at 9:32 pm by PurpleSkyz

» Ancient Egyptian City Found In The Grand Canyon?
Today at 9:23 pm by PurpleSkyz

» BREAKING: TOP TRUMP OFFICIAL (Son in law) NAMED IN FBI INVESTIGATION - NEW REPORT
Today at 9:21 pm by PurpleSkyz

» NASA: "We’re No Longer Able To Visit The Moon" - Astronaut Don Pettit.
Today at 9:17 pm by PurpleSkyz

» This Weeks RV/CGR News - 2017: 5/28-6/04
Today at 9:15 pm by PurpleSkyz

» Remarkable NASA footage shows a strange meeting in earth’s orbit
Today at 8:16 pm by PurpleSkyz

» Finally, Zbigniew Brzezinski is Dead!
Today at 7:13 pm by PurpleSkyz

»  Confirmed Science: Vaccinated Children Have 420% Higher Risk of ADHD Compared to Non-Vaccinated
Today at 7:09 pm by PurpleSkyz

» The Replication of the Human Population and the Operation of the Reality Show Called “Earth”
Today at 7:02 pm by PurpleSkyz

» How To Stop Thinking (How to Stop Thought) - Teal Swan -
Today at 6:56 pm by PurpleSkyz

» RIP Greg Allman
Today at 5:52 pm by PurpleSkyz

» How I work with and on Animals P2
Today at 4:33 pm by Consciousness Of Economic

» How I work with and on Animals P1
Today at 4:32 pm by Consciousness Of Economic

» NIBIRU News ~ NIBIRU 2 Planets Caught in Texas plus MORE
Today at 3:31 pm by PurpleSkyz

» UFO News ~ UFO - SLOVAKIA Amazing pulsating plasma UFO plus MORE
Today at 3:29 pm by PurpleSkyz

» Crop Circle ~ Chilcombe Down CROPCIRCLE 4k60p
Today at 12:35 pm by PurpleSkyz

» THE U.S. SURVEILLANCE STATE UNMASKED
Today at 10:29 am by PurpleSkyz

» This Weeks RV/CGR News - 2017: 5/21-5/27
Today at 10:24 am by bs4ever

» How to Distinguish Between Fearful Thinking and Intuition
Today at 10:17 am by PurpleSkyz

» Flurries of Higher Dimensionals cover the dry grounds
Today at 10:13 am by PurpleSkyz

» Anna von Reitz - Update on Cookie and Three Law Suits plus more
Today at 10:10 am by PurpleSkyz

» MAYDAY! MAYDAY! Nonstop crop circle warnings about 2017
Today at 10:06 am by PurpleSkyz

» Max Igan - The Manchester Bombing and Our Transhuman Future
Today at 9:59 am by PurpleSkyz

» Partial Solar Eclipse in Space - Watch the Moon Passing in front of the Sun
Today at 9:47 am by PurpleSkyz

» Warning, History is Hidden so it can be Repeated!
Today at 9:45 am by PurpleSkyz

» Rod Wheeler's contract stated he could not investigate #SethRich as leaker
Today at 9:44 am by PurpleSkyz

» Manchester and the Gross Hypocrisy of the 'Moral West' - David Icke
Today at 9:41 am by PurpleSkyz

Who is online?

Share | 
 

 European meltdown: austerity, summer riots, and record unemployment plagues EU nations

View previous topic View next topic Go down 
AuthorMessage
PurpleSkyz
Admin
avatar

Posts : 59769
Join date : 2012-01-04
Location : Woodstock Nation

PostSubject: European meltdown: austerity, summer riots, and record unemployment plagues EU nations   Fri May 31, 2013 11:40 am

European meltdown: austerity, summer riots, and record unemployment plagues EU nations




Posted on May 31, 2013 by The Extinction Protocol





May 31, 2013EUROPEUnemployment
has reached a new high in the euro zone and inflation remains well
below the European Central Bank’s target, stepping up pressure on EU
leaders and the ECB for action to revive the bloc’s sickly economy.
Joblessness in the 17-nation currency area rose to 12.2 percent in
April, EU statistics office Eurostat said on Friday, marking a new
record since the data series began in 1995. With the euro zone in its
longest recession since its creation in 1999, consumer price inflation
was far below the ECB’s target of just below 2 percent, coming in at 1.4
percent in May, slightly above April’s 1.2 percent rate. That
rise may rising concerns about deflation, but the deepening
unemployment crisis is a threat to the social fabric of the euro zone
.
Almost two-thirds of young Greeks are unable to find work, exemplifying
southern Europe’s ‘lost generation.’ Economists and policymakers
including Germany’s finance minister, Wolfgang Schaeuble, have said the
greatest menace to the unity of the euro zone is now social breakdown
from the crisis, rather than market-driven factors. In France, Europe’s
second largest economy, the number of jobless rose to a record in April,
while in Italy, the unemployment rate hit its highest level in at least
36 years, with 40 percent of young people out of work. “I’ve sent CVs everywhere, I come to the unemployment agency every day, for 3 or
4 hours to look for work as a truck driver and there’s never anything,”
said 42-year old Djamel Sami, who has been unemployed for a year,
leaving a job agency in Paris. Thousands of demonstrators from the
anti-capitalist Blockupy movement cut off access to the ECB in Frankfurt
on Friday to protest against policymakers’ handling of Europe’s debt
crisis. Some economists believe the ECB, which meets on June 6, will
have to go beyond another interest rate cut and consider a U.S.-style
money printing program to breathe life into the economy. “We do not
expect a strong recovery in the euro zone,” said Nick Matthews, a senior
economist at Nomura International in London. “It puts pressure on the
ECB to deliver even more conventional and non conventional measures.” In
the past, the euro zone has needed economic growth of around 1.5
percent to create new jobs, according to Carsten Brzeski, an economist
at ING. With the Organisation for Economic Cooperation and Development
forecasting this week that the euro zone economy would contract by 0.6
percent this year, unemployment is set to worsen long before it turns
around. “We do not see a stabilization in unemployment before the middle
of next year,” said Frederik Ducrozet, an economist at Economist at
Credit Agricole in Paris. “The picture in France is still
deteriorating.” ECB President Mario Draghi, whose pledge to buy the
bonds of governments in trouble helped protect the euro zone from
break-up last year, has so far left the onus on governments to reform. A
majority of economists polled by Reuters do not expect the ECB
to cut its deposit or main refinancing rates soon, although the OECD
this week called for the bank to consider printing money for asset
purchases to revive growth. ECB policymaker Ignazio Visco said on Friday
it stood ready to take further action but that monetary policy alone
could not solve the euro zone’s economic problems. The Commission, the
EU’s executive, told governments this week they must focus on reforms to
outdated labor and pension systems to regain Europe’s lost business
dynamism, shifting the policy focus away from debilitating budget cuts
towards growth. EU leaders are expected to put the problem of
joblessness at the forefront of a summit in Brussels at the end of June.
European Council President Herman Van Rompuy, who chairs the meetings,
said last week youth unemployment was one of the most pressing issues
for the 27-nation European Union as a whole. Ministers
from France, Italy and Germany called this week for urgent action to
tackle youth unemployment, with Schaeuble describing it as a “battle for
Europe’s unity” and warning of revolution if Europe’s welfare model is
abandoned.
In April, 5.6 million people under 25 were unemployed
in the European Union, with 3.6 million of those in the euro zone. Even
if governments take on unions and vested interests to enact reforms,
they will take time to produce benefits. “For the next two to three
years it all looks like a dead-end road,” said an unemployed sales
manager in Paris who gave his name as Dany. “I don’t see how things can
improve as long as we are not united to face the pressure from Asia and
Latin America.” –Reuters




Thanks to: http://theextinctionprotocol.wordpress.com


  

Back to top Go down
 
European meltdown: austerity, summer riots, and record unemployment plagues EU nations
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Out Of Mind :: THE INSANITY OF REALITY :: PROTESTS & PETITIONS-
Jump to: