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Old 11-30-2012, 07:41 PM
 
Location: Old Bellevue, WA
18,786 posts, read 14,667,677 times
Reputation: 7957

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Eurozone unemployment hits record high of 11.7pc - Telegraph


Austria, Germany, and the Netherlands are in good shape, all in the 5 pct. range, but Spain and Greece are both over 25%. France is at 10.7 pct.

Unemployment among those under 25 is at 23.9 percent across the EU, and there is talk of a 'lost generation.' A spokesman for the European Commision announced a "new scheme" to ensure that recent grads would get job offers. Details not available, but I don't see what it could be other than a make-program of some sort. In other words, more big government in order to cure problems created by big government. That's just like an alkie taking a drink in an effort to cure his alcoholism.
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Old 11-30-2012, 11:18 PM
 
Location: New York metropolitan area
1,316 posts, read 1,319,841 times
Reputation: 327
Unemployment rate in the US isn't that much better.... At least in Europe they all enjoy longer vacations and free health care
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Old 11-30-2012, 11:20 PM
 
29,409 posts, read 19,170,475 times
Reputation: 5440
Don't worry we'll catch up soon. The transformation of America to Europe is under way. Yippee.
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Old 11-30-2012, 11:26 PM
 
Location: The Republic of Texas
69,924 posts, read 35,685,942 times
Reputation: 15195
We let too many of them in to become citizens and allowed to vote....


Look at liberal media. It is 50/50. Half of them are not even born in the USA.
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Old 12-01-2012, 05:04 AM
 
621 posts, read 577,612 times
Reputation: 265
We are in the winding down phase of a big economic collapse. There are structural problems with the world's economies. If we don't address them they will bight us on the butt.
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Old 12-01-2012, 08:41 AM
 
47,533 posts, read 61,750,636 times
Reputation: 22304
Quote:
Originally Posted by Nunnor View Post
Unemployment rate in the US isn't that much better.... At least in Europe they all enjoy longer vacations and free health care
And all that wonderful socialism that encourages more people to never work for a living.

How can you liberals really believe that no one has to work and pay into the system and it can only provide more and more handouts to promote laziness?
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Old 12-01-2012, 08:57 AM
 
Location: Florida
66,761 posts, read 35,994,087 times
Reputation: 11240
Quote:
Originally Posted by wutitiz View Post
Eurozone unemployment hits record high of 11.7pc - Telegraph


Austria, Germany, and the Netherlands are in good shape, all in the 5 pct. range, but Spain and Greece are both over 25%. France is at 10.7 pct.

Unemployment among those under 25 is at 23.9 percent across the EU, and there is talk of a 'lost generation.' A spokesman for the European Commision announced a "new scheme" to ensure that recent grads would get job offers. Details not available, but I don't see what it could be other than a make-program of some sort. In other words, more big government in order to cure problems created by big government. That's just like an alkie taking a drink in an effort to cure his alcoholism.
It's good to use EU for comparison. Both continents are in recession due to the US economic collapse, but our approach to fixing it was different. We used the classic approach, which US has always employed, which is stimulus spending, and Europe opted for austerity. Our unemployment is down from 10% to 7.9%, while in EU the situation is getting worse.
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Old 12-01-2012, 09:03 AM
 
Location: Great State of Texas
86,068 posts, read 74,055,790 times
Reputation: 27598
Quote:
Originally Posted by Finn_Jarber View Post
It's good to use EU for comparison. Both continents are in recession due to the US economic collapse, but our approach to fixing it was different. We used the classic approach, which US has always employed, which is stimulus spending, and Europe opted for austerity. Our unemployment is down from 10% to 7.9%, while in EU the situation is getting worse.
How did the US housing bust cause Greece to collapse ?
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Old 12-01-2012, 09:14 AM
 
Location: Florida
66,761 posts, read 35,994,087 times
Reputation: 11240
Quote:
Originally Posted by HappyTexan View Post
How did the US housing bust cause Greece to collapse ?
As you can clearly see from my comment, I am talking about EU as whole. I did not even mention Greece, although Greece is one example where austerity is being used as a method to fix the problems.
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Old 12-01-2012, 09:17 AM
 
Location: Great State of Texas
86,068 posts, read 74,055,790 times
Reputation: 27598
Quote:
Originally Posted by Finn_Jarber View Post
As you can clearly see from my comment, I am talking about EU as whole. I did not even mention Greece, although Greece is one example where austerity is being used as a method to fix the problems.
Greece is in their 5th year of collapse, their 3rd IMF bailout and another set of austerity measures.
And nothing has worked.
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