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The Cost of European Austerity Measures: 10 Million Newly Jobless

http://www.aflcio.org/Blog/Economy/The-Cost-of-European-Austerity-Measures-10-Million-Newly-Jobless

U.S. lawmakers and policymakers who are pushing extreme austerity measures and spending cuts over job-creating investments as the magic path to economic stability should take a long hard look at what’s happened to the nations of the European Union (EU) that have imposed strict fiscal austerity policies.  Unemployment has soared, according to a new report on the EU labor market from the International Labor Organization (ILO)...

Related: http://money.cnn.com/2012/11/08/news/economy/greece-unemployment/index.html