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Eurozone crisis: today’s dismal growth
figures hide future tensions between
Germany and France

Telegraph [UK], by Mats Perssons

Original Article

Posted By:Attercliffe, 2/15/2013 12:20:15 AM

The euro has started the year on a relatively positive note. But today saw a whole raft of negative stats and abysmal growth figures coming out of the eurozone. This was a reminder of the bloc’s greatest challenge: how to reverse the trend of slow, grinding economic decline. According to Eurostat, Q4 2012 saw the eurozone economy shrink by a massive 0.6 percent. Germany hit the average, posting a contraction of 0.6 percent, Italy 0.9 percent and Portugal 1.8 percent. Adding to the pain, the Italian statistics agency confirmed the country’s growth at -2.2

      


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Reply 1 - Posted by: kanphil, 2/15/2013 12:25:58 AM     (No. 9177390)

Germany and France have been rivals, if not enemies for a thousand years. Their peoples are completely different in temperament. The past seventy years of peace have been exceptional.

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Reply 2 - Posted by: Grant Hodges, 2/15/2013 2:35:04 AM     (No. 9177436)

...and a direct result of the U.S. troops stationed in Germany.

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Reply 3 - Posted by: King of all trolls, 2/15/2013 3:33:44 AM     (No. 9177452)

I got an idea: let´s print more money!

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Reply 4 - Posted by: Trigger2, 2/15/2013 4:43:04 AM     (No. 9177470)

The EU, run by a bunch of commy morons, is the root of the whole problem.

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Reply 5 - Posted by: bpl40, 2/15/2013 7:48:31 AM     (No. 9177621)

As Margaret Thatcher famously said "Sooner or later you run out of other people´s money." In this case those other people are the hard working, thrifty Germans. No one wonder they are balking.

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