was tyler durden portrayed by brad pitt in the movie it would say it's only after europe has lost everythingthe banks toure's can profit off anything we're seeing in europe now is the tape out of a small but important part of a con of the continent's economy through forced austerity and big news in the financial rags today from the financial times to the wall street journal is the collapse seen parts of the european economy. for the first time since two thousand and nine the seventeen nation euro zone economy contract and shrinking three tenths of a percent the last quarter of two thousand and eleven one more quarter a negative growth and europe will officially be in a recession and looking at individual nations you can see why the british economy shrank by two tenths of a percent the fourth quarter of the weight of austerity measures from conservative prime minister david cameron who proudly proclaimed that europe has entered the quote age of austerity quote portugal's economy shrank by one and a half percent in two thousand and eleven and is projected to shrink by three percent this year a