Just a note - ECB monetary policy has been accomodative the past year or so. And it was about damn time, though too late for me, alas.

Give it a little more time and you'll see robust labor markets again. Labor rigidities had nothing to do with the problem, it was two decades of overtight monetary policy in the Euro zone that put many of us out of work and looking for jobs elsewhere, or scaling back on our outlook (like a friend of mine who went to work out of HEC managing a Elf station for lack of any other perspectives, or me stuck here in the US with a wife who won't move back to France).


The Hun is always either at your throat or at your feet. Winston Churchill