The following are 20 facts about the collapse of Europe that everyone should know...
#1 10 Months
: Manufacturing activity in both France and Germany has contracted for 10 months in a row.
#2 11.8 Percent
: The unemployment rate in the eurozone has now risen to 11.8 percent – a brand new all-time high.
#3 17 Months
: In November, Italy experienced the sharpest decline in retail sales that it had experienced in 17 months.
#4 20 Months
: Manufacturing activity in Spain has contracted for 20 months in a row.
#5 20 Percent
: It is estimated that bad loans now make up approximately 20 percent of all domestic loans in the Greek banking system at this point.
#6 22 Percent
: A whopping 22 percent of the entire population of Ireland lives in jobless households.
#7 26 Percent
: The unemployment rate in Greece is now 26 percent. A year ago it was only 18.9 percent.
#8 26.6 Percent
: The unemployment rate in Spain has risen to an astounding 26.6 percent.
#9 27.0 Percent
: The unemployment rate for workers under the age of 25 in Cyprus. Back in 2008, this number was well below 10 percent.
#10 28 Percent
: Sales of French-made vehicles in November were down 28 percent compared to a year earlier.
#11 36 Percent
: Today, the poverty rate in Greece is 36 percent. Back in 2009 it was only about 20 percent.
#12 37.1 Percent
: The unemployment rate for workers under the age of 25 in Italy – a brand new all-time high.
#13 44 Percent
: An astounding 44 percent of the entire population of Bulgaria is facing “severe material deprivation”.
#14 56.5 Percent
: The unemployment rate for workers under the age of 25 in Spain – a brand new all-time high.
#15 57.6 Percent
: The unemployment rate for workers under the age of 25 in Greece – a brand new all-time high.
#16 60 Percent
: Citigroup is projecting that there is a 60 percent probability that Greece will leave the eurozone within the next 12 to 18 months.
#17 70 Percent
: It has been reported that some homes in Spain are being sold at a 70% discount from where they were at during the peak of the housing bubble back in 2006. At this point there areapproximately 2 million unsold homes in Spain.
#18 200 Percent
: The debt to GDP ratio in Greece is rapidly approaching 200 percent.
: According to the Committee of French Automobile Producers, 2012 was the worst year for the French automobile industry since 1997.
#20 2 Million
: Back in 2005, the French auto industry produced about 3.5 million vehicles. In 2012, that number dropped to about 2 million vehicles.