Euro-Zone Confidence at Three-Year Low

Many not encouraged by bailouts and fake austerity.

Confidence among consumers and businesses in the euro zone continued to deteriorate in October to the lowest levels in around three years, as the mood darkened in so-called core economies such as Germany, France and Finland.

The European Commission said Tuesday its monthly Economic Sentiment Indicator fell to 84.5 in October from 85.2 in September, the weakest level for the combined gauge of business and household sentiment since late 2009 and a move further below its average going back to 1990 of 100.00.