Friday, November 12, 2010

Growth slows across Europe in 3rd quarter, Spain abandons dozens of jobs projects. Soros has to be thrilled

11/12/10, BBC, "Growth slows in Europe's leading economies"

"The pace of economic recovery has slowed in Europe's major economies, according to official estimates.

Germany, Europe's largest economy, has seen a sharp slowdown in the third quarter,

  • with growth of 0.7% compared with the record expansion of 2.3% it reported in the previous three months.

In France, GDP grew by 0.4% between July and September, compared with growth of 0.7% in the previous quarter.

  • The 16 eurozone members grew 0.4% on average, down from 1% growth before.

Italy also saw its rate of recovery decline, to 0.2% from 0.5% in the second quarter."...

March 27, 2009, Bloomberg: "Subsidizing renewable energy in the U.S. may destroy two jobs for every one created if Spain’s experience with windmills and solar farms is any guide.

For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid."...

  • (There is no such thing as a 'green job,' as most know. ed.)

11/11/10, "The government has

  • suspended dozens of road and rail projects and cut civil servants' wages as

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