Austerity isn’t working – ILO

The International Labour Organization (ILO) has warned that the global employment situation is "alarming" with youth unemployment rising in both developed as well as developing economies. The UN agency is critical of the austerity measures taken by Europe's economies, saying not only had they failed to bring down deficits but they had hurt economic growth and as a result worsened unemployment levels:
http://www.bbc.co.uk/news/business-17890575