Relevant:
- The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.
- The hindrance of global debt -- Spain accelerating to major bailouts and bond markets react. Eurozone stock markets in major decline.
- European Union reaches highest unemployment rate since crisis started -- Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.
- Europe's Scariest Chart Goes Parabolic
- European Car Sales Fall to 20-Year Low Amid Unemployment
2013-02-26 — mybudget360.com
Italy has passed the 127 percent debt-to-GDP barrier and is in a full mess with industrial production contracting and youth unemployment well into the 30+ percent range. Spain has over 50 percent of their youth unemployed. Of course the markets only react because they fear that austerity for the public and easy money for the banks is going to end. The public has little in the markets so these reactions are all driven by global bankers hoping that the ECB keeps on squeezing the working class dry.
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