EU predicts recession, record dole queues in 2013 (via AFP)

The eurozone is staring at another full year of recession in 2013 with unemployment likely to surge above the 20-million mark with France in particular overshooting fiscal targets, the EU warned on Friday. Economic output across the 17-state currency area — home to about 340 million people and a global…

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  1. Jim Satterfield February 22, 2013 at 12:03 pm

    If the reign of austerity continues I doubt they’ll see any economic growth in early 2014 either. Maybe not in 2014 at all.

  2. KP February 22, 2013 at 2:00 pm

    Jim, what types of steps should France take besides the increased tax rates that have already been put in place?

  3. rudi February 22, 2013 at 2:28 pm

    The US economy, while it is sluggish, is still doing better than the EU. Yet the wingnuts want to go the austerity route…