But unemployment has passed the 23% mark, 9000 jobs are lost each day on average and estimates range from 25% to 35% by year end.

Pretty soon they're going to have to start jailing half the unemployed population and hiring the other half to watch them. At least they're getting ready to revamp vagrancy laws and they left the police out of the public hiring freeze...

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker