Wednesday, May 15, 2013

The Beatings Will Continue

I'd suggest that somebody should do something about this, but the people in charge are causing it.
PARIS — The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the calamitous slump that hit the region in the financial crisis of 2008-9.

Eurostat, the EU’s statistics office, said Wednesday that nine of the 17 eurozone countries are in recession, with France a notable addition to the list. Overall, the euro region’s economy contracted 0.2 percent in the January-March period from the previous three months.