Friday, September 02, 2011

EU/IMF/ECB Team suddenly quit Athens

The US Jobs report showing zero growth or change for August is hitting Europe's battered markest hard this afternoon. On top of the "no change" for August, the supposed gains for June and July were both revised downwards:

The change in total nonfarm payroll employment for June was revised from +46,000 to +20,000, and the change for July was revised from +117,000 to +85,000.

A somewhat strange moment for the EU to announce that their joint EU/IMF/ECB team has suddenly quit Athens without explanation, read here.

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