Further to my post of March 6th, the decline in Europe's 2011 4th Quarter GDP was confirmed in today's data release, as shown on the graph below. It's now in negative territory...an area not visited since 2009.
Also, data released today shows a decline in Europe's PPI, as shown on the graph below.
Data released on April 2nd, shows that Europe's Unemployment Rate continues to rise to a new 12-year high, as shown on the graph below.
As I mentioned in my post of March 1st, unemployment has been rising steadily, in spite of LTRO 1 and LTRO 2...although, I very much doubt that it has any relevance or useful purpose in solving this growing problem.
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