Here’s another chart that, unfortunately, doesn’t require much explanation. It’s the unemployment rate in Europe’s periphery. It comes from Stuart Staniford, who says, “Every picture tells a story, they say. This one tells a story of unrelenting misery and hardship, dreams crushed and hopes fading, year after year after year. Still no sign of any relief for the real economy in these countries.”
For purposes of comparison, unemployment during the Great Depression peaked at about 25 percent in the United States.