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This is exactly what the right-wing wanted for the US:
http://www.salon.com/2012/04/25/europes_austerity_recession/Europe’s austerity recession
Budget cuts have plunged the EU economy back into crisis, and America should pay attention
By Robert Reich
http://www.thejakartaglobe.com/economy/austerity-measures-leading-europe-to-suicide-nobel-economist-says/514527
Austerity Measures Leading Europe To ‘Suicide’, Nobel Economist Says
Zoe Schneeweiss | April 27, 2012
http://ascjweb.org/moneymarketsmedia/?p=730
UK austerity measures lead to double-dip recession
Posted on April 26, 2012 by Kunal Bambawale
