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News Link • Economy - Economics USA

What Recovery? Undemocratic and Corrupt, the EU Faces Dis-Union

• www.thedailybell.com
Double-dip fears across the West as confidence crumbles ... The Western world is at mounting risk of a double-dip recession after key measures of confidence collapsed in both the United States and Europe, with Germany the steepest one-month fall since records began in the 1970s. The IMF has slashed its growth forecast for America and Europe, according to a leaked draft of its World Economic Outlook. – UK Telegraph

Dominant Social Theme: Everything has been going very well, and employment and profits are picking up. So let's not spoil a good thing, eh?

Free-Market Analysis: This article in the UK Telegraph takes a dim view of the "recovery" that the West is supposed to be enjoying. In fact, it cites a good deal of evidence to show the West's economic situation is about to get even worse. In doing so it all but predicts the EU itself – or at least the euro – may be only weeks away from fracturing.

 

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