General Discussion

lovuian

(19,362 posts) Thu Oct 11, 2012, 09:32 PM Oct 2012

Austere measures don't work only adds unemployment Greece is proof

http://hosted.ap.org/dynamic/stories/E/EU_GREECE_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-10-11-05-33-47

Greek unemployment rises above 25 percent

Greece's statistical authority said 1.26 million Greeks were out of work in July, with more than 1,000 jobs lost every day over the past year. In the worst-affected 15-24 age group, unemployment was 54.2 percent. In July 2008, a year before Greece's acute financial crisis broke, there were only about 364,000 registered unemployed.

The country's main GSEE labor union said real unemployment is above 30 percent and growing, which it blamed on "violent" government cutbacks.

Austere measures have been going on for three years

it doesn't work

Iceland model does

2 replies

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Highlight:

Austere measures don't work only adds unemployment Greece is proof (Original Post) lovuian Oct 2012 OP

"austerity" is socializing the theft pulled off by the rich. Who laugh and laugh and laugh... Fire Walk With Me Oct 2012 #1

Absolutely. laundry_queen Oct 2012 #2

Fire Walk With Me

(38,893 posts)

1. "austerity" is socializing the theft pulled off by the rich. Who laugh and laugh and laugh...

Reply to lovuian (Original post)

Thu Oct 11, 2012, 09:37 PM

Oct 2012

laundry_queen

(8,646 posts)

2. Absolutely.

Reply to lovuian (Original post)

Thu Oct 11, 2012, 09:38 PM

Oct 2012

And anyone who knows anything about Economics knows this too. I think the 1% wants to pretend this isn't true so they can continue to pillage the 99% with their 'austerity' measures and tax cuts.

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