The euro zone sinks further

Official figures are out they show that the entire euro zone economy is in tatters. Today the latest figures show that the economic climate in the euro zone has worsened. Germany is barely growing at 0.3% and the French economy has practically come to a halt at 0.00%. 

Unemployment in the euro zone is at an all time high at more than 11%. Spain has an unemployment rate of more than 24%. Italy is also under pressure.

It is going to take a long and painful period before the entire euro zone experiences substantial growth. The entire global economy is heading for a recession.