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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Euro-da-F&#xE9; | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="PQInb79zOW"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/04/euro-da-fe.html"&gt;Euro-da-F&#xE9;&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/04/euro-da-fe.html/embed#?secret=PQInb79zOW" width="600" height="338" title="&#x201C;Euro-da-F&#xE9;&#x201D; &#x2014; naked capitalism" data-secret="PQInb79zOW" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Dan Kervick, who does research in decision theory and analytic metaphysics. Cross posted from New Economic Perspectives  (Brussels) Nonplussed by this week&#x2019;s unemployment report showing the Eurozone jobless rate rising to an unprecedented 12%, members of the European Parliament and Europe&#x2019;s national governments pressed ahead on Wednesday with passage of a stringent new package of austerity measures. Dubbed &#x201C;hyperaust&#xE9;rit&#xE9;&#x201D; or &#x201C;&#xDC;bersparpolitik&#x201D; by its backers, the new program of ruthless cuts and social demolition promises to deliver even higher levels of joblessness, misery and hopelessness than has been achieved so far by earlier rounds of austerity.</description></oembed>

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