People across the worst hit countries by the proposed austerity measures to reduce national debt levels gathered on the streets of many European cities to protest against public spending cuts. The financial crash hugely affected many government across the EU with little signs of a quick recovery of the public debt levels.
The following map shows how Europe is left in deficit two years after Lehman (and that in fact the EURO zone isn’t worse off than EU members without the common currency). There may be signs of recovery, but this picture will certainly stay with us for a while:
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