Such a sadly remiss article:
Missing are:
Supply / Demand Distortions - i.e. with 20-23% VAT, demand is strongly curtailed - read: fewer jobs in the supply side.
Tax and regulatory policies that discourage, inhibit and make it impossible to invest and earn a positive net return (see Art Laffer, etc.).
Clearly there is something politically incorrect from a socialist perspective in hitting at the things that expand working people's opportunities for a better life and the net incentives to private capital.
Until the above are addressed - and they seem not to be in terms of European policy - a rebound will come only with difficulty.
Barrons has also recently published some very insightful comments by Bill Gross on how low interest rates are in fact job destroyers as part of distorting normal financial markets.
http://online.barrons.com/
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