The Last Remaining Hope To Save Europe Is Slipping Away

Wolf Richter
BusinessInsider.com
Feb. 23, 2013

All hopes rest on Germany: its vibrant economy teeming with globalized, ultra-competitive, export-focused companies would drag France and other Eurozone countries out of their economic morass. But then, there’s reality.

That France with its double-digit unemployment fiasco is losing its grip was hammered home by the Purchasing Managers Index. After three months of false-hope upticks, it crashed to a low not seen since March 2009, the trough of the financial crisis!

The Rest…HERE

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