Austerity sounds good.cut back some government services to reduce the debt.but,like the republicans in america.europian leaders forgot one thing....increase revenues.all they did was slash,and slash.the result..a disaster of epic poportions.europe is in the grip of a humanitarian nightmare..high unemployment,proverty levels the highest since world war 2.and it is getting worse.they insatutionalized idea of cutting government sevice has created a nightmaare.job creation is staginat.and some members of the euro zone are flirting with leaving the euro zone.many blame germany .and this could ,turn into an ugly scene.there are no easy answers.but some say a socialist europe may spring out of this.imagine,a free europe killed because of the old odea of bringing back the glory of rome.
this story has some good points for America.you can not keep cutting back on government.those who think we can need to take a hard look a Europe.it failed.we are still creating jobs.why?we took the opposite approach.we did cut government spending.but we also raised taxes.wither you like it or not,a government needs to spend money to help create jobs.
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