Monday, July 02, 2012

How's that workin' out for ya?

Austerity is so awesome!
Eurostat, the EU's statistics office, said unemployment rose to 11.1 percent in May from 11 percent the previous month. May's rate was the highest since the euro was launched in 1999 and adds further urgency to the eurozone countries' plan to create economic growth and cut excessive government debt.
The fact that those two goals simultaneously are self-defeating doesn't enter into the equation.


Montag said...

"... adds further urgency to the eurozone countries' plan...."

Which makes it sound as if they need to do even more of what they've already been doing.

Somebody's very unclear on the concept....

P J said...

Wall Street especially loved the bail out the banks directly part of the Eurozone summit.

The governments will just have to pull themselves up by their bootstraps. Just like the bankers did.

pansypoo said...

when you rule on a faith based theory, acts don't MATTER.

pansypoo said...