Jobless

Paul Krugman :

"Our exaggerated fear of debt is, in short, creating a slow-motion catastrophe. It’s ruining many lives, and at the same time making us poorer and weaker in every way. And the longer we persist in this folly, the greater the damage will be."

Read : http://www.nytimes.com/2013/04/22/opinion/krugman-the-jobless-trap.html?ref=paulkrugman&_r=1&.

Paul Krugman focuses on the US, but what he writes applies as well to the EU.