The Wire

Europe once again sees itself in economic trouble today as new figures reveal that nine out of the seventeen Eurozone countries are now in a serious downturn. The new data shows that austerity measures are failing and the as the jobless rate is at a record high of twelve per cent. Doctor Fabrizio Carmignani says these figures are a result of reforms gone wrong and the Eurozone countries need more structural changes to pull themselves out of this downward recession spiral.