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| © Jim Sillavan 2012, from The Guardian 030112 |
The pursuit of gold, Olympic style vs. the perils of money. Another unfortunate 'opposite' in the Euro-zone this week that jumps out of the page: unemployment levels in Spain increased even further to record levels and stands at a horrendous
22%; in Germany, unemployment is at its lowest level since reunification, 6.8% [
Link]. Also, just for info, "
USD7.6 trillion of debt issued by the world's largest economies will mature this year,
putting a major strain on the financial markets."
Some things in life are bad...
2 comments:
Do you know what amazed me about this story today, how low down the news agenda it appeared. Due to the Stephen Lawrence case in some part but even in the money sections it didn't get top billing. If you look at the amounts that are going to be up for auction this week compared with overall debt it's tiny, but then you think hold on, that would clear the GB deficit.
I know, it wasn't exactly easy to find! On that same Guardian business blog there was a link to the month ahead and what the agenda is for various borrowing/lending institutes, the troika on Greece, the bond sales approaching etc. All taken a back seat.
Off topic but Hungary seems to be adding to that 1930s feeling by getting very right wing and anti-Semitic yet there is almost zero coverage!
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