"Europe is sinking into a protracted period of deepening poverty, mass unemployment, social exclusion, greater inequality, and collective despair as a result of austerity policies adopted in response to the debt and currency crisis of
“Europe is sinking into a protracted period of deepening poverty, mass unemployment, social exclusion, greater inequality, and collective despair as a result of austerity policies adopted in response to the debt and currency crisis of the past four years, according to an extensive study being published on Thursday.”
See the article: Austerity pushing Europe into social and economic decline, says Red Cross – Critique of response to EU debt crisis highlights unemployment, widening poverty gap, and growing risk of social unrest (Guardian, link)