![]() Bloomberg |
Europe's economy in crisis of austerity, not debt
San Francisco Chronicle The British and Spanish economies have contracted for the last two quarters. It seems highly likely that France and Germany are in a double-dip as well. Why should we care? Because a recession in the world's third-largest economy (Europe) combined with … Euro-Area Unemployment at 15-Year High as Slump Deepens: Economy EU favours growth policy |