Euro unemployment rises to 12.1 percent, 27 country European Union, Greece at 27.2 percent, Spain 26.7%, Need more Margaret Thatchers
“A tax increase to a company results in some combination of the following:
Product and service price increases.
Employee and hours cutbacks.
Reduced hiring.”…Citizen Wells
“Nearly every empirical study of taxes and economic growth published in a peer reviewed journal finds that tax increases harm economic growth,”…William McBride, Tax Foundation
“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher
From Market Watch April 30, 2013.
“Unemployment in the euro area inched up to 12.1% in March from 12% in February, but a big jump from the year-ago level of 11%, according to data from Eurostat released on Tuesday. In the 27-country European Union, the unemployment rate was unchanged at 10.9% in March versus the prior month, but against a year ago, that level was a 10.3%. Germany and Austria had the lowest rates, of 7.6%, while the highest levels of joblessness were in Greece, at 27.2% for January, Spain, 26.7% and Portugal 17.5%. Meanwhile, a flash estimate showed eurozone inflation dropping to 1.2% in April from 1.7% in March.”