« People wait in line at a government employment office at Santa Eugenia’s Madrid suburb on January 27. Spain’s unemployment rate reached 22.85 percent in the final quarter of 2011, the highest in the industrialized world.
(Domique Faget/AFP/Getty Images)
(Domique Faget/AFP/Getty Images)
Unemployment: EU vs. Germany
February 2, 2012 | From theTrumpet.com
EU unemployment skyrockets while Germany’s reaches record lows. Why is this so?
By Ron FraserBy now it’s patently obvious to all. The eurozone has helped power Germany’s export economy to new heights, knocking its unemployment rate into record low territory, while driving the rest of Europe largely into recession.
How did this happen?
George Friedman of Stratfor sums it up thus (January 31; emphasis added throughout):
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Study our booklet Who or What Is the Prophetic Beast? to gain an understanding of Europe’s future in the wake of today’s euro crisis.
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