Warnings For U.S. As Eurozone Austerity Produces Longest-Ever Recession

Warnings For U.S. As Eurozone Austerity Produces Longest-Ever Recession: Two weeks after announcing a record high unemployment rate, Europe’s official economic analysts today revealed another first for the currency union: The Eurozone’s ongoing recession is now the longest in the 14-year history of the euro. The Guardian notes the European economy has now shrunk a full percentage point over the past year: The eurozone [...]/p