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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