Eurozone unemployment hits new high with quarter of under-25s jobless | Business | The Guardian

austerity

austerity (Photo credit: 401(K) 2013)

 

Austerity

Austerity (Photo credit: GoatChild)

 

This is a MUST READ article from the Guardian. Check it out!

 

Eurozone unemployment hits new high with quarter of under-25s jobless | Business | The Guardian.

 

Finally, the message seems to have sunk in that excessive austerity is the wrong policy. We have recently seen Angela Merkel‘s government try to distance themselves from excessive austerity and build bridges in Europe. Most significantly, it looks like the Franco-German axis is back in business and the target is the EU. Meanwhile, the EU is wriggling at holding the austerity poison chalice and is turning  belatedly to  initiatives for jobs.

 

What a mess!

 

Young people are right to demonstrate. Let’s hope that demonstrations stay peaceful but there are a lot of people who are bitterly critical of Europe’s political leaders and the EU.

 

Any thoughts?

 

 

 

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Debt and Growth: The State of the Debate – NYTimes.com -Paul Krugman

Here’s a short, pithy blog which I recommend from Paul Krugman, Nobel Prize winning, liberal economist, published in the NYT. Check it out!

Debt and Growth: The State of the Debate – NYTimes.com.

Any thoughts?

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

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