The Compass

« Foreign Affairs' New Look | Blog Home Page | Character Assassination Isn't an Argument »

Europe's Economic Epic Fail


This chart, showing unemployment in the so-called PIIGS (Portugal, Ireland, Italy, Greece and Spain) is a sorry sight to behold. It's courtesy of Stuart Staniford who observes that "[t]his has got to be the largest policy failure in the developed world since the second world war."