Numbers are not showing economic Armageddon

ON EUROPE

The following two figures represent something very pertinent about the current economic crisis in Europe; +21% and +36%.

Perhaps the recent increase in the yield on Italian government ten-year debt? Maybe the increase in the Greek unemployment rate? Or what about the move in Spanish house repossessions? Such topics are of course at the forefront of peoples’ minds as they are faced with a constant barrage of newsflow regarding the ongoing European crisis, and quite understandably so. We are undoubtedly at a critical phase in the neverending saga and the outcome is as yet almost impossible to forecast. In order to regain control of their budgets, authorities throughout Europe are having to rein in public ...