As reported in the Guardian today:
“We now have confirmation that private sector growth in the eurozone is slipping this month, defying expectations of stronger growth.
It’s a worrying sign for firms, individuals and policymakers in the euro area and beyond. Although there’s no suggestion that the eurozone is slipping back into recession, it may mean more stimulus measures are needed.”
Hallo, what’s this? “it may mean more stimulus measures are needed.” ???
First of all this implies that there have already been stimulus measures. Where and when, one wonders? Have they all forgotten how The Frau passed her pet scheme to “outlaw heart attacks” round the table and each and everyone of the idiots running our countries signed it with a big smile?
The outlawing heart attacks was not my quip, but I have referred to it in this blog at the time. What The Frau with her iron will imposed on the collective jelly will of all the rest, was permanent austerity, with NO stimulus at all, on pain of being heftily fined. And they all signed on with big smiles of deep satisfaction at the accomplishment.
Second observation stimulus measures may be needed. Or maybe not I suppose.
Yesterday there was a buzz that a report by the European Commission (who exactly we do not know) describing how this German policy being imposed has been catastrophic for the whole of the Eurozone, was hastily taken off the official website.
Reports that the perpetrator of this heinous crime against The Frau’s infallibility has been consigned to a dungeon, submitted to water boarding and has had his eyes gouged out, have not been confirmed. Yet.