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Dutch With Food Aid Shows New Economic Reality Engulfing Europe
silversides
Registered User
User ID: 96858
05-17-2012 02:58 AM

Posts: 9,506



Post: #1
work Dutch With Food Aid Shows New Economic Reality Engulfing Europe
I saw this article and of course thought of Disturbed, Galaxy, and Oannes.
Cheer
Quote:Dutch With Food Aid Shows New Economic Reality Engulfing Europe

It’s just after lunchtime on a drizzly day in the Amsterdam suburb of Bos en Lommer and the line of people waiting to fill their bags with free rice, juice, potatoes and bread is lengthening.

The market is one of 135 food banks in the Netherlands bailing out people trying to survive on less than 180 euros ($234) a month, the threshold to qualify for the aid. Organizers say demand for the service rose 20 percent in the first quarter.

“I’m alone, so I will manage, but what’s happening to families, with kids and everything?” Willem Lammers, 52, who lost his job as a packager six months ago and has 4,000 euros of debt, said as he made his ninth visit to the bank on April 20. “I don’t know how they do it.”

While Athens emerged as the center of Europe’s debt crisis, cities across the continent are trying to cope with the biggest decline in prosperity since World War II. A report last week showed that euro-area unemployment rose to the highest in more than 15 years in April and the region’s economy is contracting for the second time in three years.

Voters in France elected Francois Hollande as president May 6 after he pledged to soften austerity measures backed by his predecessor Nicolas Sarkozy, while Greece was thrown into another stage of turmoil after elections split parliament between pro- and anti-bailout parties with no clear winner.

“Before people didn’t see any questions and now they don’t see any answers,” said Austin Hughes, an economist at KBC Bank Ireland in Dublin. “There had been an expectation that incomes, employment prospects and asset prices would improve forever. That certainty is now gone.”

Lyon to Valencia

Europeans everywhere are changing jobs, homes and habits to accommodate lower pay, shifting markets and slowing economies.

The malaise is affecting residents in the capital of AAA rated Netherlands, whose government quit last month amid opposition to budget cuts, as well as those in Lyon, France’s hub for small companies, Dublin, where the immensity of the euro region’s banking losses first surfaced in 2008, and Valencia, with the most unpaid bills of Spain’s semi-autonomous states.
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http://www.businessweek.com/news/2012-05...ing-europe

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Astrochik
seeking the truth - good or bad
User ID: 55237
05-17-2012 07:07 AM

Posts: 8,975



Post: #2
RE: Dutch With Food Aid Shows New Economic Reality Engulfing Europe
HeartflowersHeartflowersHeartflowers

Gun Control: History, Philosophy and Ethics by Stefan Molyneux
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LOPster Jesus
A regular dude, sorry I ain't no messiah
User ID: 84422
05-17-2012 03:42 PM

Posts: 8,257



Post: #3
RE: Dutch With Food Aid Shows New Economic Reality Engulfing Europe
Fuuuuuuuhuuuuuuck!

Be yourself. Find Yourself. Find Peace. Find God. Be in joy. Share your joy. Spread it joyfully!

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