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Austerity Pushes Eurozone Unemployment To 15-Year High; Republicans Continue To Ignore Its Failure

Austerity policies pushed countries across the Europe back into recession during the first quarter of 2012, and the Eurozone’s unemployment rate hit 10.9 percent — its highest level in 15 years — in March. Deep budget cuts in countries like Spain, Greece, and Ireland crippled economic growth and exacerbated unemployment numbers. Austerity’s failure is starkest [...]
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Austerity Pushes Europe Into Its Second Recession In Four Years

US Politics / Liberal : Think Progress (2 years ago)

Continuing efforts to cut spending and reduce deficits have driven the Eurozone into its second recession in just four years, as its economy shrank for the second consecutive quarter. Struggling countries like Spain, Greece, Portuga... Read Post

Austerity Fail: After Massive Spending Cuts, European Countries Fail To Hit Deficit Targets

US Politics / Liberal : Think Progress (2 years ago)

European austerity has already proven a terrible failure, driving the continent as a whole back into a recession and pushing unemployment to record levels. Despite promises from leaders across Europe that reducing deficits would spu... Read Post

Austerity Pushes Eurozone Unemployment To Highest Level Since Adoption Of The Euro

US Politics / Liberal : Think Progress (3 years ago)

The Eurozone’s unemployment rate has hit 10.7 percent, according to Eurostat, the European Union’s statistics office, as several countries have adopted austerity measures that are choking economic growth. This is the highest level o... Read Post

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