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Those expecting an uptick in Greek GDP received some sobering news this past week. Macropolis reports Unemployment hit new high of 27.8 pct in October, set to rise further . According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September
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Fed Minutes Show Majority Believe "Marginal Efficacy of QE Likely Declining"; Economy Turned the Corner? Inquiring minds are reading Minutes of the December 17-18 FOMC Meeting to see what the Fed is thinking
Hollande Wants to "Get Things Done" by Decree, Not by Passing Laws Via translation from Les Echos , inquiring minds may be interested to note Holland wants to "get things done" in 2014 by decree or order, not by passing laws. The first cabinet meeting of the year was held on Friday. François Hollande recalled the objective of reducing public deficits, without new taxes.
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