Jun 01

Hollandehollande113

French Unemployment Surges By Most In 7 Months To New Record High (ZeroHedge, June 1, 2015):

Is it any wonder Marin Le Pen’s Front National Party is a) leading in the polls, and b) pushing for an EU in/out referendum? Whatever it is that France (and/or Europe) is doing, is not working. Despite all the promises, French unemployment has risen practically non-stop for 4 years and just hit a new all-time record…

Hollande #Fail

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But of course none of that matters… the CAC 40 is surging…

unemployment-france-stocks

Or, this is how Paul Krugman summarized the ongoing disintegration of Europe in 2010:

The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.

Indeed.

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One Response to “French Unemployment Surges To New All-Time Record High”

  1. Marilyn Gjerdrum Says:

    The entire western economy is sliding south.
    How long before people realize the truth?
    Our economies have been hijacked by greedy gut corporations.
    Capitalism as we knew it, is dead…..monopolies now control everywhere.

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