Europe, a catastrophe in the making

The European Statistics Office, Eurostat, says that 18.2 million people are out of work across the seventeen Eurozone countries that share the euro currency. The figure is much higher in the wider twenty-seven-nation European Union with twenty five million people without a job. Further rises in employment are expected. The EU member states are struggling with deep unemployment and the associated nasty social consequences in circumstances where the existing Optimist Philosophy says that All Is for the Best and that making things worse (as in the ever-increasing austerity) is part of God’s Grand Purpose. When the emergency started for Greece, its national debt was about 120 percent of GDP. As a result of austerity, it is now 170 percent and rising. The European crisis, starting with Iceland, has spread to Ireland, Italy, Portugal, Greece, Spain and large areas of Eastern Europe. It is metastasizing at a horribly fast speed and France could be the next to go down...

Could say the same thing for the States. China ifact anywhere. It is the end of money and thats all there is to it.


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yup