DIFFERENT PLANETS:
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EUROZONE & AMERICA
The latest unemployment numbers - best gauge for individuals' pain and hardship - paint two entirely different pictures:
The US economy is on a steady albeit moderate path of growth and, confirming the positive trend under the Obama administration, continuously falling jobless numbers. Despite the havoc of a major natural disaster on the East Coast, the November unemployment rate sank to a 4-year low of 7.7%.
Then there is this calamitous eurozone, the economic wasteland threatening other economies globally. The Brussels buffoons just can't get a grip on dismal economic performance - virtually no growth for the past 14 months, recession ahead for all of 2013 - and soaring unemployment numbers to levels not seen since World War 2, tendency rising to expected 13% within six months (some countries will see jobless numbers reach 26%, figures usually associated with states in Black Africa). Gloom and doom rules Europe, and aging colossus that once set out to become the world's #1 economic powerhouse; thanks to the Eurozone and the dimwits at the "EU" commission it resembles a desolate cloak room instead.
The latest unemployment numbers - best gauge for individuals' pain and hardship - paint two entirely different pictures:
The US economy is on a steady albeit moderate path of growth and, confirming the positive trend under the Obama administration, continuously falling jobless numbers. Despite the havoc of a major natural disaster on the East Coast, the November unemployment rate sank to a 4-year low of 7.7%.
Then there is this calamitous eurozone, the economic wasteland threatening other economies globally. The Brussels buffoons just can't get a grip on dismal economic performance - virtually no growth for the past 14 months, recession ahead for all of 2013 - and soaring unemployment numbers to levels not seen since World War 2, tendency rising to expected 13% within six months (some countries will see jobless numbers reach 26%, figures usually associated with states in Black Africa). Gloom and doom rules Europe, and aging colossus that once set out to become the world's #1 economic powerhouse; thanks to the Eurozone and the dimwits at the "EU" commission it resembles a desolate cloak room instead.
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