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Europe’s real austerity problem (graph)
from Lars Syll
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—— Ugarteche, Puyana and Madi ——
Gerson Lima / Maria Alejandra Madi
Edward Fullbrook and Jamie Morgan
————— Michael Hudson ————–
Maria Alejandra Madi / Jack Reardon
————- Edward Fullbrook ————-
—————— Steve Keen —————–
————— Richard Smith —————
————– Gustavo Marques————
– Victor Beker and Beniamino Moro –
————– Lars Pålsson Syll ————-
—————– Stuart Birks —————-
Edward Fullbrook and Jamie Morgan
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————–
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
Real-World Economics Review Blog 
Indeed. I would say, unemployment is generally the number one economic problem.
…and an easily solvable one, IF European countries take back their monetary sovereignty:
http://www.opednews.com/articles/The-Cure-for-Europe-A-Pub-by-Scott-Baker-121117-25.html
or, we could wait until even the police start protesting austerity. Wait, that just happened:
http://www.opednews.com/articles/Thousands-of-Spanish-polic-by-Scott-Baker-121118-259.html