4 ms·

Unemployment is at high levels in several eurozone countries, and this is blamed by some on the euro, and if you consider this a fair assessment and are unemplo

• candiodari 8y ago
  And if you were an elderly Greek, and saw your (not very generous to begin with by Eurozone norms) pension cut by 75% in order to save some German banks ? Would you consider that "failed" assessment to be fair ? Investors, by contrast, might say that despite all the damage done to Eurozone economies (most, but of course, not all, Eurozone economies, ie. the PIIGS), European banks are ... well "teetering on the edge of bankruptcy" is perhaps not a fair assessment, but they're ~90% closer to it than they were at the beginning of the Euro project. Savers, bond investors, ... have similar complaints : they haven't been able to invest productively. And for what ? Even if they were altruistic : GDP hasn't exactly taken off in the Eurozone, in fact quite the opposite. Even Germany's GDP evolution can at best be referred to as "not a disaster". Greece's would be far beyond "catastrophe", and everyone else is in between. But yes, 25 year olds who have a stable job find travel easier (of course, that's because the economic misery of others makes travel cheaper, otherwise the Euro would just have made it more obvious that they couldn't travel)
  • growlist 8y ago
    You misinterpret me - I think this unemployment problem is a scandalous waste of potential.