“Greece has a 60% unemployment rate for people in the 18-25 age bracket. Think of this. This is a generation that is unlikely ever to save their career plans out of the recession that has overtaken Greece and is getting worse. It will mar them for the rest of their lives. The experts said this was impossible in 2007. The bankers in northern Europe believed the hype. They lent money to Greece’s government and businesses. Now they need bailouts from the European Union — the government — and the central bank, and the IMF. They care nothing about Greece. They just want someone to pay interest on their loans. They are getting what they ask for. Greece isn’t.”
http://teapartyeconomist.com/2013/05/14/youth-without-hope-60-unemployment/
Related posts:
U.S. Collects Record Tax Revenue, but Deficits Keep Piling Up
It Pays to Be a Bankster: Blankfein Buys $33 Million Hamptons Mansion
Goldman Predicts More Gold Manipulation?
Innocent Americans' 'Big Brother': Secret Air Marshals Program
Next Generation 3-D Printed Gun Fires Nine Shots, Costs $25
Another woman arrested for defending herself against the TSA
Expats in Spain warned to declare offshore assets
Botnet formed of 25,000 malware-riddled surveillance cameras
Chinese Investment in the U.S.
Winklevoss twins on Bitcoin: Time to work with the Feds
NY Dad’s Pistol License Suspended Over A Comment His 10 Year Old Son Made
Pilots Know More Than Just How to Fly Planes
Yes, Hawaii emergency management stuck a password on a sticky note
Bionic Commandos from the Warrior Web
Another Federal Housing Bailout: FHA Needs $943 Million