A Weblog Dedicated to the Discussion of the Christian Faith and 21st Century Life

A Weblog Dedicated to the Discussion of the Christian Faith and 21st Century Life
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I do not seek to understand that I may believe, but I believe in order to understand. For this also I believe, –that unless I believed, I should not understand.-- St. Anselm of Canterbury (1033-1109)

Friday, May 03, 2013

Are Portions of Europe in an Economic Depression?

Steve Rattner, an America financier and the former "Car Czar" for President Obama thinks so, and he has the charts to prove it.


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1 comment:

Patrick said...

Same unemployment numbers we had in 1932 in south Europe, so yea, it's a major league depression.

Germany has unemployment near 5% on the other hand.

All things are never macro, but, Germany is a well run state. There aren't many of those in an elective environment.