1. FAIL

    Eurozone Unemployment Hits 12 Percent

    The economy in Europe continues to sour as unemployment is now the highest in the euro zone since the creation of the euro in 1999. Despite the continued failure of austerity policies and a negative outlook by private forecasters, a course that moves away from balance budgeting seems unlikely, especially in the aftermath of the Cyprus bailout.

    Read it at The New York Times