Warnings For U.S. As Eurozone Austerity Produces Longest-Ever Recession

Warnings For U.S. As Eurozone Austerity Produces Longest-Ever Recession: Two weeks after announcing a record high unemployment rate, Europe’s official economic analysts today revealed another first for the currency union: The Eurozone’s ongoing recession is now the longest in the 14-year history of the euro. The Guardian notes the European economy has now shrunk a full percentage point over the past year: The eurozone [...]/p

Austerity Creates Highest Unemployment Rise In EuroZone

Austerity Creates Highest Unemployment Rise In EuroZone
"Graham brings up Greece almost every time he goes on TV.
The evidence is overwhelming that turning to austerity during a down economy only destroys it further and turns us into Greece."