Massive 0.1 Percent Eurozone Growth In Q3

The European Commission pretended a few months ago that the modest second quarter GDP growth in the eurozone (0.3 percent) proved them right. We have learned today that the success story continues - at an even slower pace of 0.1 percent compared to Q2. Germany "lead" the way again with a 0.3 percent (down from 0.7 percent last quarter).

Economic Arguments on Airstrip One

Airstrip One, formerly known as United Kingdom, is headed towards political and economical irrelevance. British industrial products are for the most part nothing but the bread crumbs left over by important countries like the US, Germany, and India. All that seems to be left is the banking sector. Still economists and government officials argue as if the Island and a third still had some relevance. As if it mattered if they went for austerity or not. The small state doctrine has turned Britain into what it is today Still conservative journalists live in some kind of fantasy empire, and tend to blame immigrants (Jeremy Warner, Telegraph) for bad productivity performance. But there are only a few industrial bright spots left; and those are in part not even British anymore.