Economy
In reply to the discussion: STOCK MARKET WATCH, Friday, December 16, 2011 [View all]Ghost Dog
(16,881 posts)Dec. 16 (Bloomberg) -- European exports fell in October, led by declines in Germany and Spain, as the regions economy edged toward a recession.
Exports from the euro region dropped a seasonally adjusted 1.9 percent from September, when they fell 1.1 percent, the European Unions statistics office in Luxembourg said today. Imports fell 0.7 percent, and the trade surplus shrank to 300 million euros ($391 million) from 2.2 billion euros a month earlier. Labor costs grew 2.7 percent in the third quarter, a separate report showed...
... Exports from Germany, Europes biggest economy, decreased a seasonally adjusted 1.7 percent in October, todays report showed, while shipments from France dropped 0.4 percent. Spanish exports plunged 9.1 percent in the month. Belgian shipments soared 10.7 percent.
/... http://www.businessweek.com/news/2011-12-16/euro-area-october-exports-fall-1-9-led-by-germany-spain.html
Young Spaniards, especially the brightest and the best, are emigrating to find work, again. The usually very strong solidarity of Spanish families can only go so far...