Euro Zone Consumer Spending Outlook Grim As Unemployment Hits Record, Inflation Rises :: <div class="field field-name-field-images field-type-entityreference field-label-hidden"><div class="field-items"><div class="field-item even"> </div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Over the past week, the European Union's statistical office has delivered a string of statistics that don't bode well for consumer spending in the latter part of 2012. A sharp rise in the region's unemployment rate, coupled with the high level of inflation, became the latest evidence of the damage the single currency bloc's long-running fiscal crisis is doing to the real economy as governments cut spending to try to control their debts.</p></div></div></div>
url: http://www.ibtimes.com/euro-zone-consumer-spending-outlook-grim-unemployment-hits-record-inflation-rises-856827
Eurozone unemployment hits record level :: With joblessness at 11.6%, an ECB survey of 132 banks paints a bleak picture for businesses already struggling in the eurozone crisis
url: http://www.ft.com/cms/s/0/d7b3dde6-2353-11e2-a66b-00144feabdc0.html?ftcamp=published_links%2Frss%2Fhome_europe%2Ffeed%2F%2Fproduct
Euro unemployment hits new high :: Eurozone unemployment jumped to a fresh high of 18.49 million in September, the EU statistics agency says.
url: http://www.bbc.co.uk/news/business-20153497#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
Poor harvest hits wine production :: A poor grape harvest in 2012 is predicted to lead to a wine shortage across the world.
url: http://www.bbc.co.uk/news/world-europe-20152231#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
Weak forecast hits Fiat shares :: url: http://feedproxy.google.com/~r/euronews/en/business/~3/67ucaz-2sio/
Islands dispute hits trade :: url: http://rss.cnn.com/~r/rss/edition_business/~3/zedaVsyrQcU/
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