Euro Zone Cuts Deeper Amid Criticism - WSJ.com
Socialists always think "someone else" owes them a job. As such, the equation of "production = labor + capital + raw materials" gets distorted.
There should be a natural balance between those wanting work and entrepreneurs able and willing to create jobs.
When this balance is distorted, questions should be asked as to what is interfering. (Clearly taxes and regulations are part of the problem and the welfare state offsets incentives to find work.)
European policymakers seem to be ignoring the advice of people like Arthur Laffer (easily Googled).
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