By Dave Anderson:
Unemployment hit a record high in the first quarter of 2012, data showed on Thursday ... The jobless rate hit 22.6 percent in the first three months of the year - double the euro zone average ... The statistics service said the number officially unemployed reached 1.12 million in the first quarter, up 57.3 percent year-on-year
The first is that the extremes are gaining in Europe because centrist parties are offering voters no meaningful choices. Pasok and ND are an egregious example, but the same is true in all the other programme countries, and to a lesser extent in other countries as well. So if you want to vote against the status quo policies, you have no alternative but to vote for Syriza, or whomever.
Second, right now in Europe, support for international institutions means, de facto, support for the current policy mix,
More of the same, as Spain is in the process of showing is insane.
Dave,
ReplyDeleteYou forgot to mention (via Calculated Risk), that you're talking about unemployment in Greece.
Mark