Unemployment in the Eurozone has attained its highest level ever in the euro area. Mark Cliffe, chief economist of ING, said that “it’s a bit of a vicious circle. Europe is pursuing a policy that is self-evidently failing.” Meanwhile, two books have appeared to make the case against austerity:
Both are highly recommended.
A reader says that the titles aren't visible. If the links to Amazon don't work, here are the titles: Robert Kuttner, Debtors' Prison and Mark Blyth, Austerity.