Unemployment in Europe at record high again

[Grandluxe]

Unemployment in Euro Zone Reaches a Record High

PARIS — Unemployment in the euro zone rose to yet another record high in the first two months of the year, official data showed Tuesday, providing confirmation that the economy remains in a deep freeze.

The jobless rate reached 12 percent in both January and February, the highest since the creation of the euro in 1999, Eurostat, the statistical agency of the European Union, reported from Luxembourg.

Eurostat said Greece had the euro zone’s highest unemployment rate: 26.4 percent unemployment in December, the latest month for which data are available. A sovereign debt crisis, and the tax increases and spending cuts that followed it, have wrecked the Greek economy. An astonishing 58.4 percent of Greek youth were classified as unemployed, Eurostat reported.

Spain, where the economy has also contracted sharply following the collapse of the global credit bubble, posted the second-highest unemployment rate in the euro zone: 26.3 percent in February.

http://www.nytimes.com/2013/04/03/b...ecord-high-of-12-percent.html?ref=global-home

It's a bottomless pit.
Good job huh, these guys.

 

[Lucrum]

Socialism - it doesn't work.

 

[jem]

its what happens when you tax more to fix a spending problem.
the leftists of the world are trying to destroy economies so that their base of handout receivers grow. (Its the only logical conclusion.)

Let me see...

we could grow our way out.
a combination of lower taxes and targeted spending cuts.

we could inflate are way out.
borrow less but spend the same or a little more

we could destroy our probabilities of increased revenues with more taxes?

This is where you vote for more taxes and already well taxed economy

 

[pspr]

Pretty soon their unemployment rate will be as high as ours. Well, our REAL unemployment rate.

 

[Ricter]

Different approaches to austerity
Saturday, 20 October 2012

"This is a really interesting chart from the IMF’s October 2012 Fiscal Monitor (HT Antonio Fatás). The red dots are the cyclically adjusted primary balance, the blue bars changes in government expenditure and the yellow bars changes in tax revenue."

<img src="http://1.bp.blogspot.com/-wSCEDf5q7ME/UILTB6FyZBI/AAAAAAAAANM/0CRvoIjrxek/s640/imf+fiscal.jpg">

http://mainlymacro.blogspot.ca/2012/10/different-approaches-to-austerity.html

<img src="http://graphics8.nytimes.com/images/2013/03/02/opinion/030213krugman1/030213krugman1-blog480.png">

 

[Covertibility]

Quote from Ricter:

Different approaches to austerity
Saturday, 20 October 2012

"This is a really interesting chart from the IMF’s October 2012 Fiscal Monitor (HT Antonio Fatás). The red dots are the cyclically adjusted primary balance, the blue bars changes in government expenditure and the yellow bars changes in tax revenue."

<img src="http://1.bp.blogspot.com/-wSCEDf5q7ME/UILTB6FyZBI/AAAAAAAAANM/0CRvoIjrxek/s640/imf+fiscal.jpg">

http://mainlymacro.blogspot.ca/2012/10/different-approaches-to-austerity.html

<img src="http://graphics8.nytimes.com/images/2013/03/02/opinion/030213krugman1/030213krugman1-blog480.png">

Good find but far too complicated for this part of the site.

 

[jem]

a. your aim here is to insult fiscal conservatives with your quote?

were you not the guy arguing that revenues did not go up after the bush tax cuts...

b. what exactly do you think Ricters graph is showing.

Quote from Covertibility:

Good find but far too complicated for this part of the site.

 

[Fractals 'R Us]

"more government puuuullllllllleeeeezzzzzzeeeeeeeeeeeeee!!! "

These socialist morons should realize that a government big enough to give you everything is big enough to take everything.

 

[Covertibility]

Historical Source of Revenue as Share of GDP

 

[jem]

see this is an example of deceitful leftist argumentation.
its not the percentage of gdp I asked about.

Seriously pause and look at this typical leftist lie.

I said he argued revenues did not go up after the bush tax cuts.
He came back with a completely different set of data.

He knows damn well revenues went up about 40% within about 2 years of the bush tax cuts and the amount the rich paid went up as well.

Quote from Covertibility:

Historical Source of Revenue as Share of GDP