Artistry and reality.

Nigel Farage of the UK Independence Party scolds the European Parliament for the “humiliation” being forced upon Greece and the warnings this holds for other debtor Eurozone nations like Portugal and Spain.

“Greece is a nation-state, with a history, with a soul. They are suffering. They have a youth employment of 50%! Of course, because they’re in the Euro! These people are being driven into humiliation and desperation. Desperate people do desperate things.”

Thoughts?

Juan Somavia of the International Labor Organization gives a short recap of the global jobs crisis and how austerity and bond market appeasement has disturbing consequences. And of course the CNN reporter asks questions that are riddled with the same inaccurate talking points that dominate the current discourse.

Over the next decade, according to ILO, the world will have to create 600 million new jobs, and austerity measures only makes that task harder.