While GDP is the standard measure of economic performance,2 there are other indicators, and in virtually every one, the eurozone's overall performance is dismal, and that of the crisis countries, disastrous: unemployment is very high; youth unemployment is very, very high; and output per capita is lower than before the crisis for the eurozone as a whole, much lower for some of the crisis countries.
( Joseph E. Stiglitz )
[ The Euro: And its Threat to ]
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