Euro Area And EU27 GDP Down .3% In Q4–Eurostat

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By Douglas A. McIntyre Published

Austerity measure may not be enough to help the deficits of most EU nations of new Eurostat data is an indication. GDP contracted by .3% in both the Euro Area and EU27. There was virtually no stimulus for any of the region’s economies at the end of last year, and that is beginning to show. Unemployment in almost every nation within the regions has risen recently, and in Spain and Greece, the figure is above 20%. New data show the French economy grew only .2% in the last quarter of 2011, while Germany’s was down .2%. That leaves every nation in Europe struggling to some extent. And, with those struggles, the appetite to put money up to save Greece may disappear.

 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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