Bloomberg - The euro-area recession deepened more than economists forecast with the worst performance in almost four years as the region’s three biggest economies suffered slumping output.
Euro-Area GDP Slumps Most Since Depths of 2009. Recession Gross domestic product fell 0.6 percent in the fourth quarter from the previous three months, the European Union’s statistics office in Luxembourg said today. That’s the most since the first quarter of 2009 in the aftermath of the collapse of Lehman Brothers Holdings Inc.
They rather sink with the ship than save it. Absolutely incredible how more than 300 million people can be fooled by a nonsensical idea. But the markets always win. The markets will force the European bureaucrats to recognize their foolishness.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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