ZH.....
Quote:
the one chart that truly captures the latent fear behind the scenes in Europe is that showing youth unemployment in the continent's troubled countries (and frankly everywhere else). Because the last thing Europe needs is a discontented, disenfranchised, and devoid of hope youth roving the streets with nothing to do, easily susceptible to extremist and xenophobic tendencies: after all, it must be "someone's" fault that there are no job opportunities for anyone.
http://www.zerohedge.com/news/europes-scariest-chartOn a personal note,it seems Portugal has gone down the tax extortion route.My brother runs 3 bars in Portugal,and last year got a €25000 fine from the taxman for his accountant failing to complete 3 annual tax returns 1997-99(for which no tax was due being his first 3 years trading).Plus another €2500 for still owing the tax at year end despite agreeing and complying with a monthly repayment plan.
A business colleague of his recently closed down a restaurant/shop complex laying off 27 staff after being given a €25000 fine for selling cigarettes to an 15 year old girl acting on behalf of the local council.
Dont know about the unemployed youths, but Portuguese businessmen will probably be not far behind on the "discontented, disenfranchised, and devoid of hope " scale at this rate.