Well Europe Has Recovered Swimmingly

or maybe I should say drowningly

(Reuters) – Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank’s target, underscoring just how severe a challenge EU leaders face to revive the bloc’s sickly economy.

Joblessness in the 17-nation currency area rose to 12.2 percent in April, statistics agency Eurostat said on Friday, marking a new record since the data series began in 1995.

Ah, for those halcyon days of yore when a “jobless recovery” was seen as a bad thing.

Good times, good times.

One Response to “Well Europe Has Recovered Swimmingly”

1. JeffS says:

   May 31, 2013 at 10:46 am

   And we want to emulate Europe because … … … ?