Image via Wikipedia

Image via Wikipedia

It’s nice to read some good news, especially when it’s about new jobs. Check it out!

America’s economy: Something is working | The Economist.

Unfortunately, the improving trend from the United States has not been mirrored in Europe where this week has seen further increases in unemployment, especially in troubled countries like Greece & Spain. Youth unemployment in Spain is now within a whisker of 50% – this is really staggering.

I continue to believe that the austerity at all costs policies favoured Germany, France and the UK are too severe and are likely to lead to deeper recession rather than growth and new jobs.

Personally, I still favour stimulating investment and demand with short-term Keynesian interventions and medium term fiscal prudence. The major barrier is summed up neatly in the Guardian’s headline “The eurozone will pay a high price for Germany’s economic narcissism“. 

Related articles

• Unemployment Rate Falls to 8.5% But Recovery Still Long Way Off (curiouscapitalist.blogs.time.com)
• IMF’s economist sees more pain in Europe (forexlive.com)
• 200,000 New Jobs Is a Good Start, But Good Times May Still Be a Decade Away (curiouscapitalist.blogs.time.com)
• Eurozone economy marches toward recession (business.financialpost.com)
• Fewer people sought unemployment aid last week (seattlepi.com)
• Economists predict better economy (politico.com)
• European joblessness: Armies of the unemployed | The Economist (skillsinfo.wordpress.com)
• The eurozone will pay a high price for Germany’s economic narcissism | Hans Kundnani (guardian.co.uk)
• Eurozone unemployment hits new record (guardian.co.uk)
• The global youth unemployment crisis (blogs.reuters.com)