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And The Fastest Growing Economy In The Eurozone, With 25.9% Unemployment, Is...
As reported earlier, Germany's economy (accounting for about 30% of the Eurozone) avoided a recession by the narrowest of seasonally-adjusted margins when somehow, the Eurostat econometricians managed to calculate with laserlike precision that its economy grew by 0.1% in Q3, reversing the contraction from the previous quarter on hopes the Ukraine situation has now stabilized.
So far so good, but an even more amusing observation arises when looking at which was the fastest growing country in the Euro Area in the third quarter. The answer, courtesy of Eurostat, is that the nation whose GDP rose the most in Q3, surpassing Germany, Finland, the Netherlands, Austria and well, everyone else, was, drumroll...
Greece.
Yes, the same Greece whose latest unemployment reading was 25.9%, or more than where it was during the US Great Depression.
Ah Europe, never change.
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Europe now using the Chinese model for releasing figures
EUROPEAN UNITY!
With 25.9% Unemployment
Better than 30% unemployment...that's a solid win there.
Ah, yes. The New Normal.
I trust government figures
So do I. I'm ecstatic that my 1 gram ration of chocolate has been increased to 0.5 grams
or...
WITH OVER 74.1% OF EMPLOYMENT, GREECE IS NOW THE NEW ANVIL OF EUROPE!
oh yeah...
I'm in marketing...
And 90% of that 74.1% are government workers funded by borrowing money from EU bankers.
Sure, after the elites bought up all the prime infrastructure at pennies on the dracma they can now crank up the action again and start racking it in. Everyon's a winner right? WRONG!
they may have mixed up the GDP and unemployment figures
I believe the growth figure for Greece is no different than a stock jumping 5% after a two week decline of 70%.
No, it's called the 5 steps back 1 shuffle to the front tactic.
How do you think Columbus found America?
A European for your info
He didn't wanted to go straight to India so he took a shitload of steps back and TATA!! AMERICA!! HELLO FRIENDLY INDIAN!!WHAT'S THAT YELLOW STUFF YOU'RE WEARING?
And we made a shitload of gold on it and got filthy rich!
and than we blew it all but that's another story....
Now, that's what I call a Y-axis!
How to turn a bunch of zeros +/- uncertainty into a trend.
Using their logic, a patient recovering from cancer is the one with "best health growth".
How do YOU say "Ponzi"?
I'm really pissed that I missed all the action when Ireland left the Eurozone.
A beat by .1%, uh huh
Hookers are doing overtime!
It's all rigged, everything, everywhere.
It's the literal Matrix in our time. We're in it.
I wonder why they don't use annualized QoQ growth rates like the U.S. does. All figures were four times higher in this case. Can't be too long until they come up with this idea...
but the steak tastes better
"you think that's a chick you're fucking?"
yessir, its all a big FAKE SHIT SHOW
Twice nothing is still nothing
Winning.
BiWinning!
"As noted by the valid article of “Vimagazino”, a recent report commissioned jointly by the Department of Criminology at Panteion University, the National Centre for Social Research (NCSR) and the Ombudsman, shows an increase in prostitution by 1,500%."
http://www.balkaneu.com/increase-prostitution-greece/
Explains everything!!
And some of these women (or trans women) are pretty gross.
AH...
GROSS domestic product!
More lies bitches
off topic: check this out , made by the elite about Global Forcast 2015
some good facts in there
http://cryptome.org/2014/11/csis-global-2015.pdf
nice propaganda piece.
yup you got it
We hardly ever get the credit.....but America invented propaganda.
Sure, Hitler made it famous and Stalin used it some.....but America invented it.
Crisis And Opportunity
(subtitle)
Never let a good crisis go to waste!
+1 for linking Cryptome.
Meet me at your riser:
https://www.youtube.com/watch?v=NzSB1__vHoM
the only thing left to do is to take Cramer's stock advice with your last little bit of money... other than that you are screwed.
Ah, Greece, where you have to seperate the men from the boys with a crowbar.
Hold on now, pedophelia is not higher there than anywhere else.
What??? The tree put out a few extra olives this year! What?????
Must be all those slave teachers spending their ghost income on unavailable holiday gifts.
Great. Hopefully Mr. Panos will give me a loan.
An interesting book that I picked up at a garage sale years ago gives an eye opening tour through the twist and turns of math abuse and innumeracy, this is before we even begin to look at outright fraud. The book "200% of nothing" by A. K. Dewney goes into how percentage pumping and irrational ratios can be used to make and reinforce a point that has little validity.
Sadly this practice has become far to common in modern society. Aided by super fast modern methods of communication facts are seldom checked, "if you saw it on the internet" it has to be true. The article below delves into how figures are manipulated and how the truth can quickly be buried by those who choose to mislead us.
http://brucewilds.blogspot.com/2013/09/200-of-nothing.html
Its going to be hard for greece to get anymore bailout monies if they keep showing numbers like this....in fact they might have to pay off some crap first...
Hey, I believe it. People love their feta.
OT: So did anyone notice this http://bloomberg.econoday.com/byshoweventfull.asp?fid=460964&cust=bloomberg-us&year=2014&lid=0&prev=/byweek.asp#top also, so much for QE ending, backdoor bailouts bitches http://bloomberg.econoday.com/byshoweventfull.asp?fid=461021&cust=bloomberg-us&year=2014&lid=0&prev=/byweek.asp#top
Wow! I thought it was all that Yorgurt Greece was exporting. The Supermarkets are well stocked with Greek Yorgurt. That has to be making Greece a major exporter! /sarc
The Cypriot bank confiscation doesn't look like it worked out so well.
Greece: Deficit would be just 1.8% without the "support" to banks!
slovakia up for the place bitchez
So the new normal includes record economic growth with record unemployment. You gotta love that.
it's simple and is a projection of post-imperial era America:
- those with cash and connections have their bread buttered
- those without do the buttering, or just look in from outside, while salivating.
It's a pavlovian society indeed.
all bullish since banks collect punchbowl cash from federal reserves and buy the stuff that moves the numbers
or they just make the numbers up
go socialists go - we're all fooled - you have us believing
So now they can start paying back all those billions of bail-outs ?
That's good news.
It's the Nancy Pelosi free money multiplier in effect. For every one dollar of free shit to the sluggards, a net of over 3 dollars is returned to GDP.
This just goes to show what official figures mean today. Everyone knows Greece is a disaster area waiting to implode, meanwhile we get some EU figures showing a growing economy. If anyone buys into Greece he will get seriously burned, but will he be able to sue the idiots peddling the fake statistics for damages?
lies, damn lies and statistics
I can remember asking a good friend visiting me from behind the Iron Curtain if their Government press really told them the Berlin Wall was erected to keep West Germans out. He said "Yes". I then asked how they could say that and expect anyone to believe it. His answer was, "What else could they say".
It is not what governments say, but what they do that needs our serious attention.
Is it the 'hunting' or the 'gathering' segment that has grown the most in Greece?
Corruption is endemic in Greece.My father-in-law was Greek who lived in Athens. They have the government sponsored health care but to get any actual care you have to pay the doctors a bribe. Only a small taste of the whole corrupt society. Rapidly coming to the US.
Eventually, these police will be overwhelmed - and the EU will need to send down actual bankers to start raping the population into submission.
Anyone found to not support the Euro will be chopped up by bankers and stuffed into a suitcase (AKA "God's work" as understood by the IMF and Eurocrats)
About the size of Switzerland and about the population of Switzerland, intelligent, educated people in both countries and yet.....
The Greeks need to join the Golden Dawn as it's the only organization in Greece right now that tells it like it is. Greece, or any Western nation for that matter, will never be prosperous and peaceful until the Jewish rats are put down. These control freak globalist nanny-staters need to be put to the sword. Hail victory! Hail Golden Dawn!