Relevant:
- S&P sees downgrade blitz in EMU recession, threatening crisis strategy
- Italy Faces 2-Year Recession says IMF; European Recession Neither Mild Nor Short
- France is looking straight down the barrel of a deflation shock
- Zugzwang! Now in Spain, "Radical" Anti-Euro/Austerity Parties Poised to Control Europe
- No Austerity for France, Just the PIIGS
2012-08-08 — blogspot.com
Even those waiting for two quarters of negative growth cannot hide the obvious: Italy, Spain, Greece, Portugal, and France are all in recession. Germany is headed there.
The recession in Europe is about to get much worse because of preposterous tax hikes nearly everywhere, coupled with inane policy moves in France
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