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