French Unemployment Surges By Most In 7 Months To New Record High

Is it any wonder Marin Le Pen's Front National Party is a) leading in the polls, and b) pushing for an EU in/out referendum? Whatever it is that France (and/or Europe) is doing, is not working. Despite all the promises, French unemployment has risen practically non-stop for 4 years and just hit a new all-time record...

Hollande #Fail

 

But of course none of that matters... the CAC 40 is surging...

 


Or, this is how Paul Krugman summarized the ongoing disintegration of Europe in 2010:

The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.

Indeed.