Access Investments-European Union- ROMANIA

The latest monthly index of purchasing managers (PMI), from data firm Markit, found that France's economy continues to struggle. French manufacturing activity is falling at its fastest rate in 15 months. Growth in the country's service sector picked up, but the overall French private sector is flatlining after shrinking for the past three months. The composite PMI for the eurozone fell to a two-month low of 52.8 this month, down from 53.8 in July. Factory output weakened, with the eurozone manufacturing PMI falling to a 13-month low of 50.8, closer to the 50-point mark that separates expansion from contraction. Firms also reported that job creation had slowed to near-stagnation in August, suggesting that progress in cutting eurozone unemployment is stalling. "The ongoing subdued and fragile nature of the upturn in economic activity also remains too weak to encourage companies to take on staff in sufficiently large numbers to have a meaningful impact on unemployment," Markit said, warning that economic and geopolitical uncertainties are also deterring firms from hiring.Merkel is far more responsible than perhaps some others because she has ruled European economic policy by diktat. She has forced all of Europe to adhere to ideological Neoliberalism. Her policy of moralizing and condescension toward the people of Europe have caused more economic suffering than even the Great Depression created. The overwhelming failure of Neoliberal economic policy especially as practiced by Merkel has devastated millions of lives. These failures are not just for today but will continue to create gratuitous suffering and the rapid flow of wealth too the very top for decades to come. The rulers of today are ideologues who are making policy based of their own views and philosophy of Neoliberalism any sort of evidence has nothing to do with policy just - make the rich richer and everyone else, well get accustomed to life as we see it in Bangladesh (Neoliberal paradise) today.