Austerity will not help European
countries to pay dept it will only increase unemployment from 3 mill to
probably 5 mill unemployed particularly countries like spain and greece
having unemployment more than 22% will be get in to more mess they
need to follow US growth structure.
All eyes on EU summit on 28-29
june hoping EU leaders will take some strong action for growth and
liberal ways for Greece austerity .
GERMAN WANT GREECE OUT OF EURO : AS their government comes under pressure to
find more ways to stem Europe's debt crisis, Germany's voters are growing
wearier of the euro and more want out altogether.Germans showed the lowest
support for the euro among the four largest countries using the currency,
according to a poll published yesterday.It shows that 39pc of Germans favour
leaving the euro, versus 28pc of Italians, 26pc of French and 24pc of
Spaniards. The survey was conducted by Ifop-Fiducial.
In all four countries,
majorities said that loans to Greece will never be paid back, even as most said
that not saving Greece would increase the euro region's difficulties.
In France and Germany, most of
those polled said Greece should leave the euro if it can't pay back its loans,
while in Italy and Spain about half shared that view.
Some 78pc of Germans and 65pc of
French voters want Greece to leave the eurozone. Just over half of those polled
in Spain want Greece out, while 49pc of those in Italy are in favour of booting
out Greece.
Today's important economic data,
· US new home sales (MoM )
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