The Eurozone’s economic stagnation is worse than the Great Depression, says Business Insider writer Tomas Hirst.
During the Depression, America’s GDP shrank by a third, and industrial production declined by nearly half, says Hirst. Between 2009 and 2014, the Eurozone’s GDP only dropped by 5%, but that number hides woes in many individual countries.
For instance, Greece’s GDP decline by 25% between late 2007 and late 2013, writes Hirst. In Italy, unemployment is at 44%.
Read more here.