by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
It’s no wonder Greek prime minister Alexis Tsipras wanted elections now rather than later. He does not want the grim news of job losses and austerity to hit when he is more vulnerable.
Tsipras’ problem may well be that he is too late.
Via translation from Libre Mercado, The Greek Economy Lost 17,000 Jobs in July, the Worst Result Since 2001.
Industrial production recorded a record drop in July, according to estimates by Markit.