News / Economy

Eurozone Industrial Output Slumping

VOA News
Industrial output in Europe's euro currency bloc is slumping, new evidence the region's economic recovery could be stalling.
 
The European Union reports industrial output unexpectedly dropped 1.1 percent in October, after falling slightly in September. Industrial strength fell in October in the eurozone's two biggest economies, Germany and France, and gained ground in only two of the bloc's 17 nations, Italy and Estonia.
 
The eurozone has struggled to regain its economic footing after escaping an 18-month-long recession earlier this year.
 
Its economy, collectively the world's largest, advanced three-tenths of a percent in the April-to-June period, but just a tenth of a percentage point for the three months ending in September.
 
The Standard & Poor's financial services firm predicted that for all of 2013, the eurozone economy would contract six-tenths of a percent, but advance by nearly one percent next year.
 
In another report, European officials said that one of the euro zone's smallest countries, Slovenia, would have to spend $6.6 billion to rescue its banks, but would be able to afford the infusion of cash without seeking an international bailout.

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by: WAKE UP! America from: USA
December 12, 2013 11:42 AM
The truth is America is experiencing an “Obama Great Depression.” Obama is the greatest jobs killer in U.S. history. And things will only get worse from here. Or did you think a bad economy with no jobs would get better now that Obamacare has been unleashed on the Nation? Obama has attacked business with $1.8 trillion in new regulations for 2014, massive new Obamacare taxes and dramatic increases in the cost of health insurance. And, to top it off, millions of individuals and small businesses are losing their insurance altogether. And in the midst of this, you thought the economy would improve? You believed the lies, fabrications and manipulations coming from this Administration? I have a bridge to sell you in Brooklyn.

Things are getting worse, not better. But Obama, the Fed, government economists and the Obama-adoring mainstream media can’t tell you the truth. Otherwise, we’d have rioting, unrest and perhaps even revolution in the streets. So they just keep lying and denying, while sending out government checks like candy to soothe the masses.

So the greatest Ponzi scheme in world history continues unabated.

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