Europe's Terrifying Austerity

Tyler Durden's picture

'The unbearable harshness of being' a European in the midst of crushing austerity has forced everyone from France to Greece to pick up their pitchforks against those stability-minded and conscientious Germans. As Diapason's Sean Corrigan shows in this clarifying chart, the 0.18% drop in Eurozone Real Government GDP must have been truly devastating; or perhaps, just as we have said again and again, it's all about the flow not the stock and any lack of growth is the death-knell for what is called capitalism.

Source: Sean Corrigan of Diapason Commodities