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dtotire Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 09:30 AM
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Growth of Euro-Area Economy Beats Forecasts


By JACK EWING and MATTHEW SALTMARSH
Published: August 13, 2010

The euro-area economy grew 1 percent in the second quarter, a much better rate than had been expected, as Germanys best quarterly performance since reunification compensated for slow growth in Spain and Italy and a sharp decline in Greece, according to data released Friday.

The rise in gross domestic product in the 16-nation euro area was the fastest in four years, Eurostat, the European Unions statistics office, reported. It compares to a 0.2 percent bump in the first quarter.

read the rest:
http://www.nytimes.com/2010/08/14/business/global/14eur...



How can this be? These countries are all SOCIALIST!


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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 09:32 AM
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1. Recommend
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RainDog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 09:57 AM
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2. this recession has become an education in the value of social democracy
and the failure of American right wing capitalism.
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ellenfl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 10:18 AM
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3. k&r for the socialists. eom
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 10:31 AM
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4. Socialism works! nt
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 10:31 AM
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5. Joe Scarborough said it is because the EU has cut
spending and is working on reducing their deficits. (Reaganomics)
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