http://www.bloomberg.com/apps/news?p...&refer=germany
Quote:
Jan. 4 (Bloomberg) -- German unemployment rose to a seven- year high in December, as companies including Deutsche Bank AG announced job cuts and pessimism mounted about prospects for Europe's largest economy.
The number of people out of work rose a seasonally adjusted 17,000 to 4.48 million, the Federal Labor Agency said today in Nuremberg. Economists expected an increase of 10,000, the median of 26 forecasts in a Bloomberg survey showed. The jobless rate stayed at a six-year high of 10.8 percent.
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Britain was called the sick man of Europe when we had such problems. The Germans don't really seem to be benefitting that well from this fantastic single market do they. The fact the Euro is now so high is going to kill them this year, thank God Britain didn't saddle itself with the wretched currency.
The more I hear, the more I can see the full collapse of the EU starting this year! We have to do all we can to make sure Britain isn't sacrificed in trying to save it!