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EU officially fucked by the recession

wa_eu_recession

BBC News:  Eurozone officially in recession

Thank you so much – I have hardly recovered from the dotcom bubble burst! Why can’t there be a new kinda gold rush or green revolution that brings in a lot of money.

Thank you very much America and your unregulated financial institutions!

But Europe really has had a bad economy for some time – and not much growth anyway. So even the slightest wobbles make the EU nation quake in their economic boots.

Britain and Spain have been hit hard by the housing crises. But only British banks crumbled like mad, Spain had much better regulation and oversight. The Spanish bank Santander is currently picking up former competitors all over Europe.

But I am still not sure what to do with these terrorists in Iceland! They still insist they are normal people just like and me.

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orangeguru (2008-11-16 | 5:28) | Permalink
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