The Economist Points Out the Euro Crisis, but Misdiagnoses and Cannot Understand Why

Europe bleeds out

“59.1% of those under 25 are unemployed in Greece, 55.9% in Spain, 38.4% in Italy, 38.3% in Portugal, 26.5% in France—3.6m youths in all…” OK, but because of interest rates?

atwotoobigtofail

Why? Progressive, “state-controlled economies really are… crony capitalist systems which pick winners and losers. They maintain the status quo at all costs — and reward those who have captured government over those who innovate.” – Richard Fernandez

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