[The] Greece youth unemployment rate has risen to 51.1%. It was 39% in 2010, 28.9% in 2009, 26.3% in 2008, 24.5% in 2007
–Alberto Nardelli as cited in this morning’s Telegraph.
[The] Greece youth unemployment rate has risen to 51.1%. It was 39% in 2010, 28.9% in 2009, 26.3% in 2008, 24.5% in 2007
–Alberto Nardelli as cited in this morning’s Telegraph.
These are Great Depression part II numbers. Yes, this is to some degree a self inflicted wound. But my heart does go out to the people of Greece.
Ancient Greeks knew how to eimgrate. Time to learn from Odysseus.
NPR was great this morning. I will paraphrase: austerity is bad because the Greek economy contracts when Greeks are not allowed to have other people’s money. Go Democrats!