While Europe’s leaders shy away from the word, the reality is that much of the European Union is in depression. The loss of output in Italy since the beginning of the crisis is as great as it was in the 1930’s.
当欧洲的领导人们可以回避欧洲一体化这个词的时候，现实却是欧盟大部分地区都处于经济不景气之中。意大利自危机爆发以来所导致的产出损失跟1930年大萧条时相当。当前希腊的青年人失业率超过了60%，而西班牙则超过了50%。由于人力资本被破坏，欧洲的社会构造也随之出现了撕裂，而其未来正被推入险境。