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Old 11-30-2012, 06:41 PM
 
Location: Old Bellevue, WA
18,794 posts, read 14,271,624 times
Reputation: 7950

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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, 10:18 PM
 
Location: New York metropolitan area
1,317 posts, read 1,283,879 times
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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, 10:20 PM
 
29,419 posts, read 18,728,133 times
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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, 10:26 PM
 
Location: The Republic of Texas
66,505 posts, read 33,791,630 times
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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, 04:04 AM
 
621 posts, read 566,891 times
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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, 07:41 AM
 
47,573 posts, read 60,637,754 times
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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, 07:57 AM
 
Location: Florida
63,045 posts, read 34,335,398 times
Reputation: 10466
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, 08:03 AM
 
Location: Great State of Texas
86,093 posts, read 72,507,006 times
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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, 08:14 AM
 
Location: Florida
63,045 posts, read 34,335,398 times
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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, 08:17 AM
 
Location: Great State of Texas
86,093 posts, read 72,507,006 times
Reputation: 27565
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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