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And, yes, I DO take it personally: Headin' back on the road
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Thursday, August 12, 2010

Headin' back on the road

tomorrow i head out once again... i'll be spending time with a friend in macedonia for a couple of days before heading off for greece and the beaches of the halkidiki peninsula with her and her family... i'm curious to see what's happening on the ground in greece, one of the most distressed of the euro zone p.i.i.g.s. (portugal, ireland, italy, greece and spain) countries...
Greek Recession Deepens

The Greek economy contracted sharply in the second quarter ... The national statics service Ellsta said Thursday that second-quarter gross domestic product fell 1.5% on a quarterly basis, weaker than forecasts of a 1% drop and the 0.8% fall in the first quarter.

Jobs data for May, meanwhile, revealed persistently high unemployment, which ticked higher to 12% from 11.9% in April.

hopefully, the greeks will hold off on any full-blown street riots until i depart on the 27th... 'course, i'll be heading to kosovo from there, not exactly a hotbed of prosperity...

p.s. note that greece is struggling with a 12% unemployment while we here in the u.s. are hovering between 9 and 10 (at least according to OFFICIAL stats)... not that far off, eh...?

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