Eurozone Economy on Verge of Second Recession

As predicted, the Eurozone economy seems poised for another contraction. Check it out.


http://www.reuters.com/article/2012/02/22/us-economy-europe-idUSTRE81L0R020120222


France and Germany, the bloc's two biggest economies and drivers of growth, failed to grow at all last quarter; overall eurzone unemployment is at 10.4%, with core inflation running at 1.9%.


I especially like this quote: "The euro zone economy contracted 0.3 percent in the dying months of 2011 so a second quarter of contraction would meet the technical definition of recession."


Recession is looming and inflation is low; now it the textbook time for expansionary policies. The message everyone European should be sending to their policy makers is this: Expansionary Policies Now!

Mario Draghi, you're on deck.