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